Whatsapp Facebook Deal
By
fardhan alief
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Friday, August 23, 2019
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Facebook Buys Whatsapp
So our asked Equilar, a company that concentrates on examining executive settlement as well as business information, to help us analyze all the Securities and also Exchange Commission filings related to Koum's sales for 2016.
Whatsapp Facebook Deal
It ends up he's sold greater than 22 million shares worth about $2.8 billion given that January.
Facebook agreed to buy WhatsApp in February 2014 for over $19 billion in stock, as well as the price had actually gone up to $22 billion by October, when the offer closed, thanks to Facebook's climbing stock price. Koum had concerning 45% of the business when he offered it, Forbes estimates, which means 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 yearly proxy filing, Koum possessed over 60 million shares of common stock. He also had an additional 19 million restricted stock units, which vest over time as well as work as a motivation for him to remain up until November 2018.
Based upon that vesting routine, it resembles he's made about 3 countless those RSUs until now this year.
So in general, he's sold regarding one-third of his present 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 might open up new moneymaking chances, but likewise risks alienating some individuals.
On Thursday, Facebook introduced that WhatsApp was transforming its personal privacy plan for the very first time considering that the procurement to permit Facebook to see the contact number that a customer shares when they enroll in WhatsApp. Facebook can utilize this info to permit organisations to contact users directly with WhatsApp, as they can currently do through Messenger, and also will certainly allow Facebook to show more appropriate advertisements to logged-in customers. However, WhatsApp stated it would not share these phone numbers straight with users.
WhatsApp passed greater than than 1 billion monthly users in February and is one of the most preferred chat application in more than half of the world, according to current statistics from SimilarWeb.
Facebook had no talk about the sales, as it does not talk about peoples' financial investment decisions.