Facebook Buys Whatsapp for 19 Billion New 2019
So our asked Equilar, a business that specializes in examining exec compensation and company information, to aid us analyze all the Securities as well as Exchange Commission filings related to Koum's sales for 2016.
Facebook Buys Whatsapp For 19 Billion
It ends up he's sold greater than 22 million shares worth about $2.8 billion since January.
Facebook consented to get WhatsApp in February 2014 for over $19 billion in stock, as well as the price had risen to $22 billion by October, when the bargain closed, thanks to Facebook's climbing stock cost. Koum possessed about 45% of the firm when he marketed it, Forbes estimates, which implies his take on paper had to do with $10 billion. He likewise got a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy filing, Koum possessed over 60 million shares of ordinary shares. He likewise had an additional 19 million restricted stock units, which vest over time and also act as a reward for him to stick around till November 2018.
Based on that vesting timetable, it appears like he's made about 3 numerous those RSUs thus far this year.
So on the whole, he's sold regarding one-third of his present risk in Facebook this year.
Koum's stock sales come as WhatsApp continues to grow rapidly and as the firm is making changes to the service that could open up brand-new moneymaking possibilities, but additionally runs the risk of estranging some customers.
On Thursday, Facebook introduced that WhatsApp was changing its personal privacy policy for the first time because the purchase to enable Facebook to see the contact number that an individual shares when they register for WhatsApp. Facebook can utilize this info to permit organisations to contact customers directly via WhatsApp, as they can currently do via Carrier, and also will permit Facebook to show even more pertinent ads to logged-in users. Nonetheless, WhatsApp said it would not share these telephone number directly with customers.
WhatsApp passed more than than 1 billion regular monthly users in February and also is the most popular chat app in over half of the globe, according to recent stats from SimilarWeb.
Facebook had no talk about the sales, as it doesn't discuss peoples' investment decisions.