WhatsApp founder Jan Koum sold $2.8 billion of Facebook stock in 2016
WhatsApp cofounder Jan Koum, who sold his company to Facebook in 2014, has been unloading Facebook stock at a steady clip under a prescheduled trading plan, with new sales several times a month, since February 2016.So Business Insider asked Equilar, a company that specializes in analyzing executive compensation and corporate data, to help us examine all the Securities and Exchange Commission filings related to Koum's sales for 2016.It turns out he's sold more than 22 million shares worth roughly $2.8 billion since January.
WhatsApp and Facebook data sharing plan being investigated
Image copyright AP Image caption One analyst said some users might see the change as a 'betrayal'The UK's Information Commissioner (ICO) is looking into WhatsApp's decision to share more data with parent company Facebook.The data about WhatsApp users will be used to help targeted advertising seen by people on Facebook.It will share phone numbers and the details of the last time that users signed on to WhatsApp, with Facebook.
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