Why Did Facebook Buy Whatsapp
So our asked Equilar, a business that specializes in analyzing executive payment as well as business information, to help us take a look at all the Securities as well as Exchange Commission filings pertaining to Koum's sales for 2016.
Why Did Facebook Buy Whatsapp
It turns out he's offered greater than 22 million shares worth approximately $2.8 billion considering that January.
Facebook accepted acquire WhatsApp in February 2014 for over $19 billion in supply, and also the cost had actually risen to $22 billion by October, when the deal closed, thanks to Facebook's climbing supply price. Koum owned about 45% of the company when he offered it, Forbes approximates, which implies his take on paper had to do with $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 additionally had an additional 19 million restricted stock systems, which vest in time as well as function as a reward for him to remain until November 2018.
Based on that vesting schedule, it resembles he's gained regarding 3 million of those RSUs thus far this year.
So on the whole, he's offered concerning one-third of his present risk in Facebook this year.
Koum's supply sales come as WhatsApp continues to grow rapidly and also as the business is making changes to the solution that might open new moneymaking opportunities, yet additionally takes the chance of alienating some customers.
On Thursday, Facebook revealed that WhatsApp was altering its privacy policy for the first time considering that the procurement to permit Facebook to see the phone number that a customer shares when they register for WhatsApp. Facebook can utilize this info to enable companies to call customers straight with WhatsApp, as they can currently do through Carrier, and also will certainly enable Facebook to reveal even more pertinent ads to logged-in individuals. Nevertheless, WhatsApp said it would certainly not share these telephone number straight with customers.
WhatsApp passed more than than 1 billion monthly users in February as well as is one of the most prominent conversation app in majority of the globe, according to current statistics from SimilarWeb.
Facebook had no talk about the sales, as it doesn't talk about individuals' investment choices.