Facebook Deal with Whatsapp

Facebook Deal With Whatsapp - WhatsApp cofounder Jan Koum, who offered his company to Facebook in 2014, has actually been discharging Facebook supply at a constant clip under a prescheduled trading strategy, with brand-new sales a number of times a month, since February 2016.

Facebook Buys Whatsapp

So our asked Equilar, a business that concentrates on examining executive compensation and also company data, to help us check out all the Stocks and also Exchange Commission filings pertaining to Koum's sales for 2016.

Facebook Deal With Whatsapp

It ends up he's offered more than 22 million shares worth approximately $2.8 billion because January.

Facebook agreed to purchase WhatsApp in February 2014 for over $19 billion in supply, as well as the rate had actually gone up to $22 billion by October, when the deal closed, thanks to Facebook's rising stock price. Koum possessed concerning 45% of the company when he offered it, Forbes approximates, which means his take on paper had to do with $10 billion. He also got a seat on Facebook's board.

At the end of 2015, according to Facebook's yearly proxy filing, Koum owned over 60 million shares of common stock. He also had an additional 19 million restricted supply units, which vest with time and also serve as a motivation for him to remain till November 2018.

Based on that vesting schedule, it appears like he's made about 3 countless those RSUs up until now this year.

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

Koum's stock sales come as WhatsApp continues to proliferate and also as the company is making changes to the service that could open brand-new moneymaking opportunities, however likewise risks alienating some users.

On Thursday, Facebook introduced that WhatsApp was altering its personal privacy plan for the very first time considering that the purchase to permit Facebook to see the phone number that an individual shares when they sign up for WhatsApp. Facebook can utilize this details to enable organisations to speak to customers directly through WhatsApp, as they can already do via Carrier, and also will certainly permit Facebook to reveal even more pertinent advertisements to logged-in individuals. Nonetheless, WhatsApp said it would not share these contact number directly with individuals.

WhatsApp passed greater than than 1 billion month-to-month customers in February and is the most prominent conversation app in more than half of the world, according to current statistics from SimilarWeb.

Facebook had no comment on the sales, as it does not discuss individuals' investment choices.