Whatsapp Facebook Deal

Whatsapp Facebook Deal - WhatsApp cofounder Jan Koum, that offered his company to Facebook in 2014, has been dumping Facebook stock at a constant clip under a prescheduled trading strategy, with new sales several times a month, because February 2016.

Facebook Buys Whatsapp

So our asked Equilar, a business that concentrates on analyzing exec settlement and company information, to help us take a look at all the Securities and Exchange Payment filings pertaining to Koum's sales for 2016.

Whatsapp Facebook Deal


It turns out he's marketed more than 22 million shares worth approximately $2.8 billion since January.

Facebook accepted acquire WhatsApp in February 2014 for over $19 billion in supply, and the rate had actually increased to $22 billion by October, when the offer closed, thanks to Facebook's increasing supply rate. Koum possessed about 45% of the firm when he marketed it, Forbes approximates, which implies his take on paper had to do with $10 billion. He likewise got a seat on Facebook's board.

At the end of 2015, according to Facebook's yearly proxy declaring, Koum had over 60 million shares of ordinary shares. He also had one more 19 million limited stock units, which vest gradually and act as a reward for him to linger up until November 2018.

Based upon that vesting routine, it looks like he's made regarding 3 million of those RSUs up until now this year.

So on the whole, he's marketed about one-third of his current risk in Facebook this year.

Koum's supply sales come as WhatsApp remains to grow rapidly and also as the firm is making changes to the solution that can open up new moneymaking opportunities, yet additionally risks pushing away some individuals.

On Thursday, Facebook introduced that WhatsApp was altering its personal privacy plan for the first time given that the purchase to permit Facebook to see the contact number that an individual shares when they enroll in WhatsApp. Facebook can utilize this information to allow businesses to call individuals directly via WhatsApp, as they can already do with Carrier, and will certainly permit Facebook to reveal more appropriate advertisements to logged-in individuals. However, WhatsApp stated it would not share these phone numbers directly with users.

WhatsApp passed greater than than 1 billion month-to-month individuals in February as well as is one of the most popular conversation application in more than half of the world, according to recent stats from SimilarWeb.

Facebook had no comment on the sales, as it does not talk about peoples' investment decisions.