Jan Koum, a founder of WhatsApp, has continued to divest himself of Facebook stock. The entrepreneur sold off another $42.8 million last week.
According to Forbes, Koum has now unloaded more than half of his stake in Facebook from a high of 76.4 million shares down to to 30.7 million shares as of today. Jan Koum’s current stake in the company is only $3.7 billion. It once constituted almost all of his more than $8 billion fortune.
WhatsApp was acquired by Facebook in October 2014 for for $22 billion in cash and stock.
So why is Koum selling off so much of his share in Facebook? Well no specific reason has been given so your guess is as good as ours. But Jan Koum did donate $556 million of his Facebook stock in one shot to the Silicon Valley Community Foundation.