Why Did Facebook Buy Whatsapp
By
Ega Wahyudi
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Thursday, December 19, 2019
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Facebook Buys Whatsapp
So our asked Equilar, a business that specializes in examining executive settlement and corporate data, to aid us examine all the Securities and also Exchange Payment filings related to Koum's sales for 2016.
Why Did Facebook Buy Whatsapp
It turns out he's sold greater than 22 million shares worth roughly $2.8 billion considering that January.
Facebook accepted purchase WhatsApp in February 2014 for over $19 billion in supply, as well as the price had risen to $22 billion by October, when the bargain closed, thanks to Facebook's climbing supply cost. Koum possessed regarding 45% of the firm when he marketed it, Forbes estimates, which implies his take on paper had to do with $10 billion. He likewise got a seat on Facebook's board.
At the end of 2015, according to Facebook's yearly proxy filing, Koum owned over 60 million shares of common stock. He additionally had one more 19 million restricted supply systems, which vest with time as well as work as a reward for him to stay till November 2018.
Based on that vesting timetable, it resembles he's gained concerning 3 numerous those RSUs so far this year.
So in general, he's offered about one-third of his current stake in Facebook this year.
Koum's stock sales come as WhatsApp continues to proliferate and also as the business is making changes to the service that might open brand-new moneymaking chances, yet likewise risks alienating some individuals.
On Thursday, Facebook revealed that WhatsApp was transforming its privacy policy for the first time because the acquisition to permit Facebook to see the telephone number that a customer shares when they register for WhatsApp. Facebook can utilize this info to permit businesses to contact customers directly via WhatsApp, as they can currently do via Messenger, as well as will enable Facebook to reveal even more relevant ads to logged-in customers. However, WhatsApp stated it would not share these phone numbers directly with individuals.
WhatsApp passed greater than than 1 billion monthly users in February as well as is the most preferred conversation app in majority of the globe, according to recent stats from SimilarWeb.
Facebook had no talk about the sales, as it does not comment on peoples' financial investment decisions.