Whatsapp sold to Facebook
So our asked Equilar, a firm that concentrates on evaluating exec settlement as well as business data, to aid us analyze all the Stocks as well as Exchange Compensation filings pertaining to Koum's sales for 2016.
Whatsapp Sold To Facebook
It turns out he's offered greater than 22 million shares worth roughly $2.8 billion given that January.
Facebook consented to purchase WhatsApp in February 2014 for over $19 billion in supply, as well as the price had risen to $22 billion by October, when the offer closed, thanks to Facebook's climbing stock rate. Koum had concerning 45% of the business when he marketed it, Forbes approximates, which suggests his take on paper was about $10 billion. He also obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's annual proxy declaring, Koum had over 60 million shares of ordinary shares. He additionally had one more 19 million restricted stock units, which vest in time and also function as a motivation for him to stay till November 2018.
Based upon that vesting timetable, it appears like he's earned about 3 numerous those RSUs until now this year.
So generally, he's offered regarding one-third of his existing risk in Facebook this year.
Koum's stock sales come as WhatsApp continues to proliferate and also as the firm is making changes to the service that can open up brand-new moneymaking chances, yet additionally takes the chance of estranging some customers.
On Thursday, Facebook revealed that WhatsApp was changing its personal privacy policy for the first time since the acquisition to enable Facebook to see the phone number that a customer shares when they register for WhatsApp. Facebook can utilize this information to allow businesses to contact users straight with WhatsApp, as they can already do through Messenger, and also will certainly permit Facebook to show even more relevant advertisements to logged-in customers. Nevertheless, WhatsApp stated it would certainly not share these contact number straight with users.
WhatsApp passed greater than than 1 billion monthly customers in February and is one of the most prominent conversation app in majority of the globe, according to recent statistics from SimilarWeb.
Facebook had no discuss the sales, as it does not talk about individuals' investment decisions.