Did Facebook Bought Whatsapp - Everything You Need to Know!

Did Facebook Bought Whatsapp - With a lot cash thrown around in Silicon Valley, it's difficult for a procurement to trigger a stir. Facebook's (FB) purchase of WhatsApp in 2015 did just that-- going beyond Google's (GOOG) $3.2 billion acquisition of Nest Labs and also Apple's (AAPL) $3 billion Beats Electronics purchase-- to end up being 2014's leading purchase and among the largest tech buys of all time.

WhatsApp, a message messaging app used commonly around the world, swiped headlines with its initial $16 billion bid from Facebook. In 2013, the application lost $138 million and also generated $10.2 million in revenue. So just how did the company gain Facebook? This article checks out Facebook's record breaking purchase and also the steps it took to arrive.

Did Facebook Bought Whatsapp

It ends up he's sold more than 22 million shares worth roughly $2.8 billion since January.

Facebook agreed to purchase WhatsApp in February 2014 for over $19 billion in stock, and also the price had increased to $22 billion by October, when the offer shut, thanks to Facebook's rising stock rate. Koum had concerning 45% of the company when he marketed it, Forbes approximates, which indicates his take on paper had to do with $10 billion. He additionally obtained 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 ordinary shares. He likewise had an additional 19 million restricted supply systems, which vest over time as well as serve as a motivation for him to remain up until November 2018.

Based on that vesting routine, it looks like he's gained concerning 3 countless those RSUs thus far this year.

So on the whole, he's sold concerning 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 solution that can open new moneymaking opportunities, yet additionally takes the chance of pushing away some customers.

On Thursday, Facebook revealed that WhatsApp was altering its privacy plan for the very first time given that the procurement to permit Facebook to see the phone number that a customer shares when they enroll in WhatsApp. Facebook can use this info to permit services to call individuals directly via WhatsApp, as they can already do via Carrier, and also will permit Facebook to reveal even more appropriate advertisements to logged-in individuals. However, WhatsApp claimed it would not share these contact number straight with customers.

WhatsApp passed more than than 1 billion regular monthly customers in February as well as is the most prominent conversation app in over half of the globe, according to current stats from SimilarWeb.

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

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