Whatsapp Purchase Facebook 2019

Whatsapp Purchase Facebook - WhatsApp cofounder Jan Koum, that marketed his company to Facebook in 2014, has been dumping Facebook stock at a constant clip under a prescheduled trading plan, with new sales numerous times a month, since February 2016.

Facebook Buys Whatsapp

So our asked Equilar, a firm that specializes in examining exec payment and corporate data, to help us examine all the Securities and also Exchange Commission filings related to Koum's sales for 2016.

Whatsapp Purchase Facebook


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

Facebook accepted purchase WhatsApp in February 2014 for over $19 billion in supply, as well as the rate had actually increased to $22 billion by October, when the offer closed, thanks to Facebook's increasing stock rate. Koum owned about 45% of the company when he marketed it, Forbes estimates, which implies his take on paper was about $10 billion. He also got a seat on Facebook's board.

At the end of 2015, according to Facebook's annual proxy declaring, Koum had over 60 million shares of ordinary shares. He also had one more 19 million restricted stock devices, which vest gradually and also act as an incentive for him to remain until November 2018.

Based on that vesting schedule, it looks like he's earned concerning 3 countless those RSUs until now this year.

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

Koum's stock sales come as WhatsApp remains to proliferate and also as the business is making changes to the service that could open up brand-new moneymaking possibilities, but additionally takes the chance of estranging some customers.

On Thursday, Facebook introduced that WhatsApp was changing its privacy plan for the very first time since the procurement to allow Facebook to see the phone number that an individual shares when they register for WhatsApp. Facebook can utilize this details to enable organisations to get in touch with users directly through WhatsApp, as they can currently do with Messenger, as well as will certainly allow Facebook to reveal even more appropriate ads to logged-in customers. Nevertheless, WhatsApp claimed it would certainly not share these phone numbers straight with users.

WhatsApp passed more than than 1 billion month-to-month individuals in February as well as is the most prominent conversation application in more than half of the world, according to current stats from SimilarWeb.

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