Did Facebook Buy Whatsapp New 2019
So our asked Equilar, a company that focuses on assessing executive payment and also business information, to assist us analyze all the Stocks as well as Exchange Commission filings pertaining to Koum's sales for 2016.
Did Facebook Buy Whatsapp
It ends up he's offered more than 22 million shares worth approximately $2.8 billion because January.
Facebook accepted acquire WhatsApp in February 2014 for over $19 billion in stock, and the rate had risen to $22 billion by October, when the deal closed, thanks to Facebook's rising stock price. Koum owned about 45% of the business when he sold it, Forbes approximates, which implies his take on paper was about $10 billion. He additionally obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's annual proxy filing, Koum owned over 60 million shares of ordinary shares. He also had one more 19 million restricted stock devices, which vest in time and serve as a reward for him to stay till November 2018.
Based on that vesting timetable, it appears like he's made about 3 numerous those RSUs up until now this year.
So overall, he's sold concerning one-third of his existing risk in Facebook this year.
Koum's stock sales come as WhatsApp continues to grow rapidly and as the company is making changes to the solution that could open up new moneymaking opportunities, but additionally runs the risk of alienating some individuals.
On Thursday, Facebook announced that WhatsApp was altering its personal privacy plan for the first time considering that the purchase to enable Facebook to see the phone number that a customer shares when they sign up for WhatsApp. Facebook can use this details to permit services to speak to customers directly through WhatsApp, as they can currently do through Messenger, as well as will certainly allow Facebook to reveal even more appropriate advertisements to logged-in customers. However, WhatsApp claimed it would not share these phone numbers directly with individuals.
WhatsApp passed greater than than 1 billion regular monthly users in February and is the most popular chat app in over half of the world, according to recent statistics from SimilarWeb.
Facebook had no talk about the sales, as it doesn't talk about individuals' financial investment choices.