Whatsapp sold to Facebook New 2019
So our asked Equilar, a firm that focuses on examining exec settlement and also business information, to aid us analyze all the Securities as well as Exchange Payment filings related to Koum's sales for 2016.
Whatsapp Sold To Facebook
It ends up he's sold more than 22 million shares worth about $2.8 billion considering that January.
Facebook accepted acquire WhatsApp in February 2014 for over $19 billion in supply, as well as the cost had actually risen to $22 billion by October, when the offer shut, thanks to Facebook's increasing supply cost. Koum had about 45% of the firm when he marketed it, Forbes estimates, which indicates his take on paper was about $10 billion. He likewise got a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy declaring, Koum possessed over 60 million shares of ordinary shares. He additionally had an additional 19 million restricted stock units, which vest with time as well as serve as a motivation for him to linger till November 2018.
Based on that vesting schedule, it appears like he's made regarding 3 numerous those RSUs up until now this year.
So generally, he's marketed about one-third of his existing stake in Facebook this year.
Koum's stock sales come as WhatsApp continues to grow rapidly and also as the company is making changes to the solution that might open up new moneymaking possibilities, but also takes the chance of pushing away some users.
On Thursday, Facebook introduced that WhatsApp was altering its privacy policy for the first time because the acquisition to permit Facebook to see the telephone number that a customer shares when they sign up for WhatsApp. Facebook can utilize this info to permit companies to call users straight via WhatsApp, as they can currently do with Messenger, as well as will enable Facebook to show even more appropriate ads to logged-in customers. However, WhatsApp claimed it would not share these phone numbers directly with individuals.
WhatsApp passed more than than 1 billion month-to-month individuals in February and also is the most prominent conversation app in more than half of the world, according to recent statistics from SimilarWeb.
Facebook had no comment on the sales, as it does not comment on individuals' investment decisions.