Facebook Whatsapp Deal New 2019
So our asked Equilar, a company that focuses on assessing executive settlement and also business information, to assist us examine all the Stocks and also Exchange Payment filings related to Koum's sales for 2016.
Facebook Whatsapp Deal
It turns out he's sold more than 22 million shares worth about $2.8 billion given that January.
Facebook accepted buy WhatsApp in February 2014 for over $19 billion in supply, and the rate had gone up to $22 billion by October, when the deal closed, thanks to Facebook's increasing supply rate. Koum owned about 45% of the business when he offered it, Forbes estimates, which indicates 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 declaring, Koum owned over 60 million shares of common stock. He additionally had an additional 19 million limited supply systems, which vest gradually and also act as a reward for him to stay until November 2018.
Based on that vesting routine, it appears like he's gained concerning 3 countless those RSUs up until now this year.
So on the whole, he's marketed regarding one-third of his existing risk in Facebook this year.
Koum's supply sales come as WhatsApp continues to proliferate and as the company is making changes to the solution that can open up brand-new moneymaking possibilities, but also takes the chance of alienating some individuals.
On Thursday, Facebook announced that WhatsApp was changing its personal privacy plan for the first time given that the purchase to allow Facebook to see the phone number that a user shares when they register for WhatsApp. Facebook can use this info to allow services to speak to users straight through WhatsApp, as they can already do with Messenger, and also will enable Facebook to reveal more pertinent advertisements to logged-in individuals. Nevertheless, WhatsApp said it would not share these phone numbers directly with users.
WhatsApp passed more than than 1 billion monthly individuals in February as well as is the most preferred chat app in over half of the globe, according to recent stats from SimilarWeb.
Facebook had no talk about the sales, as it does not discuss individuals' financial investment choices.