Whatsapp Sale to Facebook

Whatsapp Sale To Facebook - WhatsApp cofounder Jan Koum, who sold his business to Facebook in 2014, has actually been discharging Facebook stock at a steady clip under a prescheduled trading strategy, with new sales a number of times a month, considering that February 2016.

Facebook Buys Whatsapp

So our asked Equilar, a business that focuses on analyzing exec compensation as well as corporate data, to help us take a look at all the Stocks as well as Exchange Commission filings pertaining to Koum's sales for 2016.

Whatsapp Sale To Facebook

It ends up he's sold more than 22 million shares worth roughly $2.8 billion considering that January.

Facebook agreed to acquire WhatsApp in February 2014 for over $19 billion in supply, as well as the rate had gone up to $22 billion by October, when the deal shut, thanks to Facebook's rising stock rate. Koum had regarding 45% of the company when he sold 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 annual proxy declaring, Koum had over 60 million shares of ordinary shares. He likewise had another 19 million restricted stock units, which vest over time and function as a motivation for him to remain up until November 2018.

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

So generally, he's marketed concerning one-third of his current stake in Facebook this year.

Koum's supply sales come as WhatsApp continues to grow rapidly and also as the company is making changes to the service that can open new moneymaking possibilities, however likewise takes the chance of estranging some users.

On Thursday, Facebook announced that WhatsApp was changing its personal privacy plan for the very first time since the purchase to allow Facebook to see the telephone number that an individual shares when they register for WhatsApp. Facebook can use this information to allow companies to speak to customers straight with WhatsApp, as they can currently do through Messenger, as well as will certainly enable Facebook to show more relevant advertisements to logged-in customers. Nonetheless, WhatsApp claimed it would not share these telephone number straight with users.

WhatsApp passed more than than 1 billion month-to-month customers in February as well as is the most prominent chat application in over half of the globe, according to current statistics from SimilarWeb.

Facebook had no comment on the sales, as it doesn't discuss individuals' investment decisions.