Facebook's Sandberg sells $91m of shares

Facebook chief operating officer Sheryl Sandberg sold about $91 million worth of shares in the social network after the stock topped its $38 initial public offering price for the first time since May 2012.

13th August, 2013
Facebook chief operating officer Sheryl Sandberg.

Facebook chief operating officer Sheryl Sandberg sold about $91 million worth of shares in the social network after the stock topped its $38 initial public offering price for the first time since May 2012.

Sandberg sold 2.37 million Facebook shares on August 7th, two days after Facebook closed at a record high of $39.19, according to a regulatory filing.

With the latest sale she has sold more than 7 million shares, or about 12 per cent of her total, since...

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