Facebook Whatsapp Acquisition
By
pusahma2008
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Wednesday, August 7, 2019
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Facebook Buys Whatsapp
So our asked Equilar, a company that concentrates on evaluating executive payment and corporate information, to assist us take a look at all the Securities and also Exchange Payment filings related to Koum's sales for 2016.
Facebook Whatsapp Acquisition
It turns out he's offered more than 22 million shares worth roughly $2.8 billion considering that January.
Facebook consented to acquire WhatsApp in February 2014 for over $19 billion in stock, and also the price had risen to $22 billion by October, when the deal shut, thanks to Facebook's climbing stock price. Koum owned regarding 45% of the firm when he offered it, Forbes estimates, which indicates his take on paper had to do with $10 billion. He additionally obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy filing, Koum possessed over 60 million shares of ordinary shares. He also had an additional 19 million limited supply systems, which vest gradually as well as work as a motivation for him to stay until November 2018.
Based on that vesting schedule, it resembles he's gained about 3 countless those RSUs thus far this year.
So generally, he's offered concerning one-third of his present risk in Facebook this year.
Koum's stock sales come as WhatsApp remains to proliferate and also as the company is making changes to the solution that might open up new moneymaking chances, but also takes the chance of pushing away some customers.
On Thursday, Facebook introduced that WhatsApp was transforming its personal privacy plan for the very first time since the purchase to enable Facebook to see the phone number that a user shares when they register for WhatsApp. Facebook can utilize this information to enable services to get in touch with individuals straight through WhatsApp, as they can already do via Carrier, as well as will allow Facebook to reveal more relevant advertisements to logged-in individuals. However, WhatsApp claimed it would not share these phone numbers directly with individuals.
WhatsApp passed more than than 1 billion regular monthly customers in February and also is the most preferred chat app in over half of the world, according to current statistics from SimilarWeb.
Facebook had no comment on the sales, as it does not discuss individuals' financial investment choices.