Is Whatsapp sold to Facebook New 2019
So our asked Equilar, a business that concentrates on examining executive settlement and also corporate information, to help us examine all the Stocks and also Exchange Payment filings related to Koum's sales for 2016.
Is Whatsapp Sold To Facebook
It turns out he's marketed greater than 22 million shares worth approximately $2.8 billion given that January.
Facebook accepted buy WhatsApp in February 2014 for over $19 billion in supply, and also the rate had actually gone up to $22 billion by October, when the offer shut, thanks to Facebook's climbing stock cost. Koum owned concerning 45% of the company when he marketed it, Forbes estimates, which means his take on paper was about $10 billion. He additionally got 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 likewise had an additional 19 million restricted supply systems, which vest in time as well as act as an incentive for him to linger up until November 2018.
Based on that vesting schedule, it resembles he's earned about 3 million of those RSUs up until now this year.
So overall, he's sold about one-third of his present 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 service that can open new moneymaking chances, but also runs the risk of pushing away some individuals.
On Thursday, Facebook introduced that WhatsApp was changing its privacy policy for the very first time given that the procurement to enable Facebook to see the phone number that a user shares when they sign up for WhatsApp. Facebook can use this info to allow services to call customers directly via WhatsApp, as they can already do with Messenger, as well as will enable Facebook to show more pertinent advertisements to logged-in individuals. Nevertheless, WhatsApp said it would certainly not share these phone numbers straight with customers.
WhatsApp passed greater than than 1 billion regular monthly individuals in February and is one of the most preferred conversation application in over half of the globe, according to recent stats from SimilarWeb.
Facebook had no discuss the sales, as it doesn't discuss individuals' financial investment choices.