Zuckerberg sells $2.3 billion worth of Facebook shares to pay off tax bill

Zuckerberg sells $2.3 billion worth of Facebook shares to pay off tax bill
Facebook creator and CEO Mark Zuckerberg announced on Friday that he sold 41.4 million shares of Facebook stock, worth over $2.3 billion, in order to pay a tax bill.

The stock was then offered to new investors as part of a 71 million share offering.



Zuckerberg's voting power in the company was slightly reduced, to 56.1 percent from 58.8 percent because his shares have 10 times more power than common A shares.

The executive will use most of proceeds to pay a massive 2013 tax bill.

Facebook's stock has risen 100 percent this year.

Written by: Andre Yoskowitz @ 21 Dec 2013 13:48
Tags
Facebook Mark Zuckerberg
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  • 3 comments
  • A5J4DX

    damn! that is mad...

    21.12.2013 14:58 #1

  • baxter00

    2.3 billion? How much did he OWE, or is some of that just pocket money?

    21.12.2013 15:55 #2

  • doowop72

    Zuckerberg to government: "1 billion to me, and 1 billion to you."
    Greedy sob's.

    22.12.2013 01:37 #3

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