Facebook Buys Whatsapp for 19 Billion
By
Dany Firman Saputra
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Friday, March 6, 2020
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Facebook Buys Whatsapp
So our asked Equilar, a company that specializes in assessing exec payment and company data, to help us check out all the Securities and also Exchange Commission filings related to Koum's sales for 2016.
Facebook Buys Whatsapp For 19 Billion
It ends up he's sold more than 22 million shares worth roughly $2.8 billion considering that January.
Facebook consented to buy WhatsApp in February 2014 for over $19 billion in stock, as well as the cost had increased to $22 billion by October, when the deal shut, thanks to Facebook's rising supply price. Koum owned concerning 45% of the firm when he marketed it, Forbes estimates, which means his take on paper was about $10 billion. He additionally obtained a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy declaring, Koum owned over 60 million shares of common stock. He also had one more 19 million restricted stock devices, which vest gradually as well as function as a reward for him to stay till November 2018.
Based on that vesting routine, it appears like he's made about 3 million of those RSUs so far this year.
So on the whole, he's sold about one-third of his current stake in Facebook this year.
Koum's supply sales come as WhatsApp continues to proliferate and also as the company is making changes to the service that can open new moneymaking opportunities, but additionally risks alienating some users.
On Thursday, Facebook revealed that WhatsApp was altering its personal privacy policy for the very first time given that the acquisition to allow Facebook to see the phone number that a user shares when they enroll in WhatsApp. Facebook can use this information to allow services to speak to users straight with WhatsApp, as they can already do through Messenger, and will permit Facebook to reveal more pertinent ads to logged-in users. However, WhatsApp stated it would not share these telephone number directly with customers.
WhatsApp passed more than than 1 billion month-to-month customers in February as well as is one of the most popular chat application in majority of the world, according to recent stats from SimilarWeb.
Facebook had no comment on the sales, as it doesn't comment on peoples' investment decisions.