Live
- Party gives everyone opportunities: Punjab Congress chief at Faridkot campaign
- Nikhil, Dhruva & Nikeetaa secure titles in INAC 2024
- Swati Sharma completed 60 parikramas around Shivling to get scene right
- 189 plaints of MCC violations, 23 cases against hate speeches lodged in Karnataka
- Afridi, Chapman rise; Suryakumar remains No.1 T20 batter in latest ICC T20I rankings
- RBI issues red alert on illegal entities in forex market
- Defence Minister Rajnath Singh slams Congress over 'appeasement' politics
- WB moves SC against Calcutta HC order axing 25,753 school jobs
- Time is right for BJP to make an entry into Kerala: Amit Shah
- REC okays Rs 1,869 crore loan for Kiru hydro project in J&K
WhatsApp Founders own $9 Billion in Facebook stock
San Francisco: WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their mobile messaging service to the social networking leader earlier this month.
San Francisco: WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their mobile messaging service to the social networking leader earlier this month.
The breakdown of the big winners in Facebook Inc's $22 billion acquisition emerged Wednesday in a regulatory filing.
Koum, a Ukraine immigrant who was once living on welfare, reaped the biggest jackpot with 76.4 million Facebook shares now worth $5.8 billion. That makes him Facebook's fourth largest stockholder behind company CEO Mark Zuckerberg and two mutual funds, Fidelity Management and Vanguard.
Acton, who worked with Koum when they were both Yahoo Inc. engineers, owns 39.7 million Facebook shares worth $3 billion.
More than 45 other WhatsApp current and former employees also received Facebook stock.
