March 3, 2014
WhatsApp Sales Means Major Payday for Employees
One of the major headlines following the announcement of the purchase of WhatsApp by Facebook was one of the founders going from food stamps to billionaire. A great headline without a doubt. Who doesn’t love a rags to riches story? This is not only the founders story but also the story for many of WhatsApp’s early employees.
MadameNoire discusses the sale and how WhatsApp staff members came into a great come up.
To say it was a good week at WhatsApp would be a major understatement! When FacebookÂ purchased the messaging app for a whopping $16 billion (plus a possible $3 billion more), early employees got a great payday as well.
Facebook will pay the purchase amount with $12 billion in stock, $4 billion in cash, and $3 billion in stock grants for WhatsApp staff that will vest over the next four years, reportsÂ Business Insider.
Read more at MadameNoire