Facebook Deal with Whatsapp
So our asked Equilar, a business that concentrates on assessing exec settlement as well as business data, to help us examine all the Stocks and Exchange Payment filings pertaining to Koum's sales for 2016.
Facebook Deal With Whatsapp
It turns out he's sold greater than 22 million shares worth approximately $2.8 billion because January.
Facebook accepted get WhatsApp in February 2014 for over $19 billion in stock, and the rate had actually increased to $22 billion by October, when the offer closed, thanks to Facebook's rising stock price. Koum owned about 45% of the business when he sold it, Forbes approximates, 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 annual proxy declaring, Koum possessed over 60 million shares of ordinary shares. He also had another 19 million limited supply devices, which vest gradually as well as act as a reward for him to stick around until November 2018.
Based on that vesting timetable, it appears like he's gained regarding 3 numerous those RSUs up until now this year.
So generally, he's sold about one-third of his existing stake in Facebook this year.
Koum's supply sales come as WhatsApp continues to proliferate and also as the firm is making changes to the solution that could open brand-new moneymaking possibilities, yet additionally runs the risk of pushing away some customers.
On Thursday, Facebook announced that WhatsApp was changing its personal privacy plan for the very first time given that the procurement to permit Facebook to see the phone number that a customer shares when they register for WhatsApp. Facebook can use this information to permit companies to get in touch with users directly via WhatsApp, as they can already do through Messenger, and also will permit Facebook to reveal more pertinent ads to logged-in users. Nevertheless, WhatsApp said it would not share these contact number straight with users.
WhatsApp passed more than than 1 billion monthly customers in February and also is one of the most prominent chat application in majority of the globe, according to current statistics from SimilarWeb.
Facebook had no talk about the sales, as it doesn't talk about peoples' financial investment choices.