Facebook Bought Whatsapp
So our asked Equilar, a firm that concentrates on examining exec payment as well as corporate information, to assist us analyze all the Securities as well as Exchange Commission filings pertaining to Koum's sales for 2016.
Facebook Bought Whatsapp
It turns out he's sold greater than 22 million shares worth about $2.8 billion since January.
Facebook accepted acquire WhatsApp in February 2014 for over $19 billion in stock, and the rate had gone up to $22 billion by October, when the bargain closed, thanks to Facebook's climbing supply cost. Koum had about 45% of the firm when he offered it, Forbes estimates, which means 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 yearly proxy declaring, Koum possessed over 60 million shares of common stock. He likewise had one more 19 million limited supply units, which vest in time as well as serve as a reward for him to remain until November 2018.
Based upon that vesting routine, it resembles he's gained concerning 3 countless those RSUs until now this year.
So on the whole, he's offered concerning one-third of his current risk in Facebook this year.
Koum's stock sales come as WhatsApp continues to proliferate and also as the company is making changes to the solution that might open new moneymaking chances, yet also takes the chance of pushing away some customers.
On Thursday, Facebook announced that WhatsApp was transforming its personal privacy plan for the very first time since the acquisition to enable Facebook to see the telephone number that a customer shares when they enroll in WhatsApp. Facebook can use this info to enable businesses to get in touch with customers straight via WhatsApp, as they can already do with Messenger, and also will certainly enable Facebook to reveal more relevant advertisements to logged-in customers. Nonetheless, WhatsApp stated it would certainly not share these contact number directly with customers.
WhatsApp passed more than than 1 billion monthly customers in February as well as is one of the most popular conversation application in majority of the world, according to recent statistics from SimilarWeb.
Facebook had no discuss the sales, as it doesn't talk about peoples' investment decisions.