Facebook Whatsapp Acquisition New 2019
So our asked Equilar, a company that focuses on evaluating executive payment and also corporate data, to help us examine all the Securities as well as Exchange Payment filings related to Koum's sales for 2016.
Facebook Whatsapp Acquisition
It ends up he's offered greater than 22 million shares worth approximately $2.8 billion because January.
Facebook accepted acquire WhatsApp in February 2014 for over $19 billion in supply, and also the price had actually gone up to $22 billion by October, when the bargain shut, thanks to Facebook's rising stock rate. Koum possessed concerning 45% of the business when he marketed it, Forbes approximates, 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 filing, Koum had over 60 million shares of common stock. He additionally had an additional 19 million limited stock systems, which vest in time and act as a motivation for him to stay till November 2018.
Based upon that vesting timetable, it resembles he's gained regarding 3 numerous those RSUs until now this year.
So overall, he's offered about one-third of his existing risk in Facebook this year.
Koum's supply sales come as WhatsApp remains to grow rapidly and as the firm is making changes to the solution that might open up brand-new moneymaking chances, but likewise runs the risk of estranging some users.
On Thursday, Facebook announced that WhatsApp was altering its personal privacy policy for the very first time since the procurement to enable Facebook to see the phone number that an individual shares when they sign up for WhatsApp. Facebook can use this details to allow companies to get in touch with users straight via WhatsApp, as they can currently do via Messenger, as well as will enable Facebook to reveal even more relevant advertisements to logged-in customers. However, WhatsApp stated it would not share these contact number straight with users.
WhatsApp passed more than than 1 billion month-to-month individuals in February as well as is one of the most popular conversation app in more than half of the world, according to current statistics from SimilarWeb.
Facebook had no talk about the sales, as it doesn't talk about individuals' investment decisions.