Whatsapp Purchase Facebook

Whatsapp Purchase Facebook - WhatsApp cofounder Jan Koum, that sold his business to Facebook in 2014, has actually been unloading Facebook stock at a constant clip under a prescheduled trading plan, with brand-new sales numerous times a month, considering that February 2016.

Facebook Buys Whatsapp

So our asked Equilar, a firm that specializes in assessing executive settlement as well as business information, to aid us analyze all the Stocks and Exchange Payment filings pertaining to Koum's sales for 2016.

Whatsapp Purchase Facebook


It turns out he's offered more than 22 million shares worth about $2.8 billion since January.

Facebook agreed to buy WhatsApp in February 2014 for over $19 billion in stock, as well as the cost had gone up to $22 billion by October, when the offer closed, thanks to Facebook's increasing stock price. Koum owned about 45% of the firm when he offered it, Forbes approximates, which suggests his take on paper was about $10 billion. He additionally got a seat on Facebook's board.

At the end of 2015, according to Facebook's yearly proxy declaring, Koum possessed over 60 million shares of ordinary shares. He likewise had an additional 19 million restricted supply units, which vest gradually as well as act as a reward for him to remain up until November 2018.

Based upon that vesting schedule, it appears like he's made concerning 3 million of those RSUs so far this year.

So in general, he's offered about one-third of his existing risk in Facebook this year.

Koum's supply sales come as WhatsApp continues to proliferate and as the business is making changes to the service that can open up brand-new moneymaking possibilities, however likewise takes the chance of pushing away some individuals.

On Thursday, Facebook announced that WhatsApp was changing its privacy policy for the very first time because the procurement to enable Facebook to see the contact number that a customer shares when they enroll in WhatsApp. Facebook can utilize this information to enable companies to call users directly through WhatsApp, as they can currently do through Messenger, as well as will certainly allow Facebook to reveal more appropriate advertisements to logged-in individuals. Nonetheless, WhatsApp stated it would not share these telephone number straight with users.

WhatsApp passed greater than than 1 billion month-to-month individuals in February and is the most prominent conversation application in majority of the globe, according to current stats from SimilarWeb.

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