Facebook Bought Whatsapp New 2019
So our asked Equilar, a business that specializes in assessing executive payment and company information, to assist us check out all the Stocks and also Exchange Commission filings pertaining to Koum's sales for 2016.
Facebook Bought Whatsapp
It ends up he's offered greater than 22 million shares worth roughly $2.8 billion given that January.
Facebook accepted get WhatsApp in February 2014 for over $19 billion in stock, and also the price had risen to $22 billion by October, when the deal closed, thanks to Facebook's rising supply rate. Koum possessed regarding 45% of the business when he sold it, Forbes estimates, which means 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 yearly proxy filing, Koum owned over 60 million shares of common stock. He additionally had an additional 19 million restricted supply systems, which vest in time and also act as a reward for him to linger up until November 2018.
Based upon that vesting schedule, it looks like he's made concerning 3 countless those RSUs thus far this year.
So on the whole, he's sold about one-third of his current stake in Facebook this year.
Koum's stock sales come as WhatsApp remains to grow rapidly and as the company is making changes to the service that might open new moneymaking opportunities, yet also takes the chance of estranging some users.
On Thursday, Facebook introduced that WhatsApp was altering its personal privacy plan for the first time given that the acquisition to permit Facebook to see the telephone number that an individual shares when they register for WhatsApp. Facebook can utilize this information to permit companies to get in touch with individuals straight with WhatsApp, as they can already do through Carrier, as well as will allow Facebook to reveal more pertinent ads to logged-in individuals. Nevertheless, WhatsApp said it would certainly not share these phone numbers straight with individuals.
WhatsApp passed more than than 1 billion monthly individuals in February and is one of the most preferred conversation app in over half of the globe, according to current statistics from SimilarWeb.
Facebook had no discuss the sales, as it doesn't talk about individuals' financial investment decisions.