Facebook Deal with Whatsapp New Updated 2019
So our asked Equilar, a firm that concentrates on examining executive payment and corporate information, to aid us check out all the Stocks and Exchange Payment filings pertaining to Koum's sales for 2016.
Facebook Deal With Whatsapp
It ends up he's offered more than 22 million shares worth about $2.8 billion since January.
Facebook accepted buy WhatsApp in February 2014 for over $19 billion in stock, as well as the rate had actually risen to $22 billion by October, when the offer shut, thanks to Facebook's increasing stock cost. Koum owned concerning 45% of the firm when he offered it, Forbes estimates, which suggests his take on paper was about $10 billion. He also obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's annual proxy filing, Koum possessed over 60 million shares of common stock. He likewise had an additional 19 million limited supply units, which vest over time as well as function as a reward for him to remain until November 2018.
Based upon that vesting timetable, it resembles he's gained about 3 million of those RSUs until now this year.
So in general, he's marketed concerning one-third of his existing risk in Facebook this year.
Koum's supply sales come as WhatsApp remains to grow rapidly and also as the firm is making changes to the service that can open new moneymaking opportunities, but also risks estranging some customers.
On Thursday, Facebook announced that WhatsApp was transforming its privacy policy for the very first time given that the acquisition to enable Facebook to see the contact number that a user shares when they register for WhatsApp. Facebook can utilize this information to enable organisations to contact individuals straight via WhatsApp, as they can currently do through Carrier, as well as will certainly allow Facebook to show even more relevant ads to logged-in users. Nonetheless, WhatsApp stated it would certainly not share these telephone number straight with customers.
WhatsApp passed greater than than 1 billion monthly users in February as well as is the most prominent chat application in over half of the globe, according to current statistics from SimilarWeb.
Facebook had no talk about the sales, as it does not talk about individuals' investment decisions.