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Originally Posted by EddyTheDog
The BBC are also reporting that Zuckerburg is rumored to be selling shares.
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SAN FRANCISCO (MarketWatch) -- Facebook Inc. (US:fb) Chief Executive Mark Zuckerberg has sold 30.2 million shares and director Peter Thiel has sold 16.8 million shares of the social-networking company, according to securities filings published late Tuesday. The sales confirm plans detailed in a prospectus before Friday's $16 billion IPO. Zuckerberg sold 30.2 million shares at a price of $37.58 for gross proceeds of $1.13 billion; Thiel sold 16.8 million shares for gross proceeds of $633 million. Facebook insiders had told prospective shareholders of their plans in an S-1 filing last week. Facebook (US:fb) shares were down 0.8% after hours at $30.74.
I think he sold when the ipo happened. It's got to suck you work somewhere.You have options worth millions but you got to sit on them for a period of time. And you are sitting there watching the value drop like a rock.