Sunday September 27, 2020

Zuckerberg won't sell Facebook shares for a year

Facebook chief executive Mark Zuckerberg, faced with a plummeting stock price and deluge of shares hitting the market, said he won’t start selling his holdings in the company for at least a year.

5th September, 2012
Facebook's Mark Zuckerberg.

Facebook chief executive Mark Zuckerberg, faced with a plummeting stock price and deluge of shares hitting the market, said he won’t start selling his holdings in the company for at least a year.

Zuckerberg has yet to adopt a share sale plan, the California-based company said yesterday in a filing with the US Securities and Exchange Commission. Typically, insiders use plans to pare their stakes over time to avoid flooding the market. Zuckerberg...

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