Did Facebook Bought Whatsapp - Everything You Need to Know!

Did Facebook Bought Whatsapp - With so much money sprayed in Silicon Valley, it's difficult for a procurement to cause a mix. Facebook's (FB) acquisition of WhatsApp in 2015 did simply that-- surpassing Google's (GOOG) $3.2 billion purchase of Nest Labs as well as Apple's (AAPL) $3 billion Beats Electronics purchase-- to end up being 2014's top purchase as well as one of the largest technology purchases of all time.

WhatsApp, a message messaging app made use of commonly around the world, stole headlines with its first $16 billion bid from Facebook. In 2013, the app shed $138 million as well as brought in $10.2 million in revenue. So exactly how did the company sway Facebook? This write-up takes a look at Facebook's document damaging purchase as well as the steps it required to arrive.

Did Facebook Bought Whatsapp

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

Facebook consented to get WhatsApp in February 2014 for over $19 billion in stock, as well as the price had increased to $22 billion by October, when the deal shut, thanks to Facebook's rising stock price. Koum had about 45% of the company when he offered it, Forbes estimates, which indicates 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 filing, Koum possessed over 60 million shares of ordinary shares. He also had an additional 19 million restricted supply units, which vest over time and also act as a reward for him to stay up until November 2018.

Based upon that vesting routine, it appears like he's made regarding 3 million of those RSUs thus far this year.

So on the whole, he's offered about one-third of his existing stake in Facebook this year.

Koum's stock sales come as WhatsApp remains to grow rapidly and as the firm is making changes to the service that could open new moneymaking chances, but additionally takes the chance of pushing away some users.

On Thursday, Facebook introduced that WhatsApp was transforming its personal privacy policy for the very first time since the procurement to enable Facebook to see the contact number that a customer shares when they register for WhatsApp. Facebook can use this information to enable organisations to speak to users straight through WhatsApp, as they can already do through Carrier, and will permit Facebook to reveal even more appropriate ads to logged-in users. Nonetheless, WhatsApp said it would certainly not share these contact number directly with users.

WhatsApp passed greater than than 1 billion monthly users in February as well as is the most popular conversation app in majority of the world, according to current statistics from SimilarWeb.

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

Tweet