Saturday, September 23, 2017

Zuckerberg to Sell Up to $12 Billion of His Facebook Shares

Mark Zuckerberg writes on his Facebook page:
I want to share some important news about Facebook and how Priscilla and I are funding our philanthropy... I anticipate selling 35-75 million Facebook shares in the next 18 months to fund our work in education, science, and advocacy.
Does Zuck believe we Facebook stock is at a top?

The sale would result in proceeds based on the current price of Facebook shares of up to $12 billion.

He currently owns shares valued at approx. $70 billion.


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