Did Facebook Buy Whatsapp

Did Facebook Buy Whatsapp - WhatsApp cofounder Jan Koum, who offered his business to Facebook in 2014, has been unloading Facebook stock at a steady clip under a prescheduled trading strategy, with new sales several times a month, considering that February 2016.

Facebook Buys Whatsapp

So our asked Equilar, a firm that concentrates on analyzing exec payment and business information, to help us analyze all the Stocks as well as Exchange Payment filings pertaining to Koum's sales for 2016.

Did Facebook Buy Whatsapp

It turns out he's sold greater than 22 million shares worth about $2.8 billion considering that January.

Facebook consented to get WhatsApp in February 2014 for over $19 billion in supply, and the rate had risen to $22 billion by October, when the deal shut, thanks to Facebook's rising stock price. Koum had regarding 45% of the firm when he marketed it, Forbes estimates, which implies 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 filing, Koum had over 60 million shares of common stock. He likewise had an additional 19 million limited stock devices, which vest in time and act as an incentive for him to linger up until November 2018.

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

So on the whole, he's offered regarding one-third of his present stake in Facebook this year.

Koum's stock sales come as WhatsApp continues to proliferate and as the business is making changes to the solution that might open brand-new moneymaking possibilities, yet also runs the risk of estranging some individuals.

On Thursday, Facebook introduced that WhatsApp was transforming its personal privacy plan for the first time because the purchase to enable Facebook to see the phone number that a user shares when they sign up for WhatsApp. Facebook can use this information to permit businesses to call individuals directly through WhatsApp, as they can already do with Messenger, as well as will permit Facebook to show more appropriate advertisements to logged-in users. Nevertheless, WhatsApp claimed it would not share these contact number directly with users.

WhatsApp passed greater than than 1 billion monthly users in February and also is one of the most popular conversation application in over half of the world, according to recent statistics from SimilarWeb.

Facebook had no comment on the sales, as it doesn't comment on peoples' financial investment choices.