Is Whatsapp sold to Facebook

Is Whatsapp Sold To Facebook - WhatsApp cofounder Jan Koum, that sold his firm to Facebook in 2014, has been unloading Facebook stock at a consistent clip under a prescheduled trading plan, with new sales numerous times a month, since February 2016.

Facebook Buys Whatsapp

So our asked Equilar, a business that concentrates on examining executive compensation and corporate information, to aid us take a look at all the Securities and also Exchange Compensation filings related to Koum's sales for 2016.

Is Whatsapp Sold To Facebook

It ends up he's marketed greater than 22 million shares worth about $2.8 billion since January.

Facebook accepted acquire WhatsApp in February 2014 for over $19 billion in supply, and the rate had risen to $22 billion by October, when the offer closed, thanks to Facebook's increasing stock price. Koum owned regarding 45% of the business when he marketed it, Forbes approximates, which implies 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 annual proxy filing, Koum had over 60 million shares of ordinary shares. He additionally had one more 19 million restricted stock units, which vest with time as well as serve as a motivation for him to linger until November 2018.

Based upon that vesting timetable, it resembles he's made concerning 3 numerous those RSUs until now this year.

So overall, he's marketed regarding 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 company is making changes to the service that could open brand-new moneymaking possibilities, yet likewise takes the chance of pushing away some users.

On Thursday, Facebook introduced that WhatsApp was changing its personal privacy plan for the first time because the acquisition to permit Facebook to see the phone number that a customer shares when they register for WhatsApp. Facebook can use this info to allow organisations to get in touch with individuals directly with WhatsApp, as they can currently do through Messenger, as well as will certainly permit Facebook to show more relevant advertisements to logged-in individuals. Nevertheless, WhatsApp stated it would not share these telephone number directly with users.

WhatsApp passed more than than 1 billion monthly users in February as well as is the most preferred chat application in majority of the world, according to current stats from SimilarWeb.

Facebook had no discuss the sales, as it does not talk about individuals' financial investment choices.