Whilst many CEO sell off stock after an IPO, that is not the case for Facebook’s Mark Zuckerberg, who had 500 million shares in Facebook when it debuted on the stock market last year, he now has 632.65 million Facebook shares or around 30 percent of the company.
When the IPO launched last year Zuckerberg announced that he would not sell off any of his 500 million shares, but a recent filing with US regulators has revealed that Zuckerberg has been buying stock over the last year.
Zuckerberg sold around 30 million shares at the time of the IPO, which debuted at around $38 last year, the stock is now at around $28, higher than the all time low of $17.55 back in September.
Source Business Insider
Filed Under: Technology News