WhatsApp has found a new way to encourage its employees. The US company, owned by Facebook since 2014, will deliver a batch of shares valued at 60 million dollars (48.9 million euros) to 25% of its workforce. This comes from the conditions of the agreement of purchase of WhatsApp by Facebook, in which it was established that each of the fifty employees of the team should receive restricted shares of Facebook for similar value. This incentive, which became one of the decisive points in the negotiations, turns these workers into billionaires. Facebook paid a total of 19,000 million dollars (15,513 million euros) in the WhatsApp acquisition. Of this amount, 4,000 million dollars (3,265 million euros) were paid in cash at the time of the transaction and the 12,000 million dollars (9,797 million euros) remaining in company shares. Then the titles of the company of Menlo Park quoted at 67 dollars (54 euros), while currently listed at 180 dollars (146 euros), almost triple.
To avoid a leak of talent, Facebook demanded a period of four years for the delivery of employees of such actions and only for those who stayed within the team from then to date. In February 2014, when the purchase operation was signed, WhatsApp had a staff of fifty people. The workforce has grown to 200 workers during the last four years and the plans of the technology company are to double it to 400 employees.
The above article was written and published in Spanish and has been translated into English. Click here to read the original article.
Join us in Bangkok from the 28th of February to the 1st of March for the 22nd Property Portal Watch Conference. The theme for this year is The Future of Online Real Estate Marketing – Getting Closer to the Transaction.