Is Whatsapp sold to Facebook New 2019

Is Whatsapp Sold To Facebook - WhatsApp cofounder Jan Koum, that offered his company to Facebook in 2014, has actually been dumping Facebook stock at a steady clip under a prescheduled trading plan, with new sales a number of times a month, given that February 2016.

So our asked Equilar, a business that specializes in analyzing exec compensation and also company data, to assist us check out all the Stocks and Exchange Commission filings pertaining to Koum's sales for 2016.

Is Whatsapp Sold To Facebook

It turns out he's marketed greater than 22 million shares worth about $2.8 billion considering that January.

Facebook consented to buy WhatsApp in February 2014 for over $19 billion in stock, and also the rate had increased to $22 billion by October, when the bargain closed, thanks to Facebook's increasing stock rate. Koum owned concerning 45% of the firm when he marketed it, Forbes approximates, which means his take on paper had to do with $10 billion. He likewise obtained a seat on Facebook's board.

At the end of 2015, according to Facebook's yearly proxy declaring, Koum owned over 60 million shares of ordinary shares. He additionally had one more 19 million restricted supply units, which vest in time and also serve as a motivation for him to stay up until November 2018.

Based upon that vesting routine, it looks like he's earned about 3 countless those RSUs until now this year.

So overall, he's marketed concerning one-third of his present stake in Facebook this year.

Koum's stock sales come as WhatsApp continues to proliferate and as the firm is making changes to the service that can open up brand-new moneymaking chances, however additionally takes the chance of alienating some users.

On Thursday, Facebook introduced that WhatsApp was transforming its privacy policy for the first time since the purchase to permit Facebook to see the contact number that an individual shares when they sign up for WhatsApp. Facebook can utilize this info to enable services to get in touch with users directly via WhatsApp, as they can currently do via Messenger, and will certainly allow Facebook to show even more relevant ads to logged-in individuals. However, WhatsApp said it would not share these contact number straight with customers.

WhatsApp passed more than than 1 billion monthly users in February as well as is the most popular conversation application in over half of the globe, according to current statistics from SimilarWeb.

Facebook had no discuss the sales, as it does not discuss peoples' investment choices.

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