Facebook Acquires Whatsapp

Facebook Acquires Whatsapp - WhatsApp cofounder Jan Koum, who marketed his business to Facebook in 2014, has actually been discharging Facebook stock at a consistent clip under a prescheduled trading strategy, with brand-new sales a number of times a month, given that February 2016.

Facebook Buys Whatsapp

So our asked Equilar, a company that concentrates on analyzing executive settlement and company information, to help us take a look at all the Securities as well as Exchange Compensation filings related to Koum's sales for 2016.

Facebook Acquires Whatsapp

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

Facebook agreed to buy WhatsApp in February 2014 for over $19 billion in stock, as well as the rate had risen to $22 billion by October, when the offer closed, thanks to Facebook's climbing stock rate. Koum possessed concerning 45% of the business when he marketed it, Forbes approximates, which means his take on paper had to do with $10 billion. He also obtained 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 common stock. He additionally had one more 19 million restricted stock devices, which vest with time as well as work as a reward for him to stay until November 2018.

Based on that vesting routine, it looks like he's made about 3 million of those RSUs so far this year.

So generally, he's sold about one-third of his existing stake in Facebook this year.

Koum's stock sales come as WhatsApp remains to proliferate and also as the business is making changes to the solution that can open brand-new moneymaking opportunities, but additionally runs the risk of alienating some customers.

On Thursday, Facebook revealed that WhatsApp was altering its privacy policy for the first time given that the acquisition to allow Facebook to see the contact number that a user shares when they sign up for WhatsApp. Facebook can utilize this info to permit organisations to get in touch with customers straight via WhatsApp, as they can already do through Carrier, and also will certainly permit Facebook to show even more relevant ads to logged-in customers. Nonetheless, WhatsApp said it would not share these contact number directly with customers.

WhatsApp passed more than than 1 billion regular monthly users in February and is one of the most popular chat app in more than half of the globe, according to recent statistics from SimilarWeb.

Facebook had no talk about the sales, as it doesn't talk about individuals' investment decisions.