Zuckerberg owns nearly a third of Facebook: US regulators

Feb 14, 2013
Facebook CEO Mark Zuckerberg speaks at an event at Facebook's headquarters in Menlo Park, California, on January 15, 2012. Zuckerberg's stake in Facebook has climbed to nearly 30 percent since the leading social network made its dismal stock market debut, according to a filing Wednesday with US regulators.

Mark Zuckerberg's stake in Facebook has climbed to nearly 30 percent since the leading social network made its dismal stock market debut, according to a filing Wednesday with US regulators.

Zuckerberg owns 632.65 million Facebook shares as compared with the slightly more than 500 million he held in September when the stock's sagging price prompted a promise he would not sell any for at least a year.

Zuckerberg sold about 30 million shares when the Menlo Park, California-based social network made its stock market debut in May at an opening price of $38.

Shares slid to a low of $17.55 in September but have regained ground, trading at $28.04 at the close of trading on the Nasdaq exchange on Wednesday.

filings show Zuckerberg has been building his stake Facebook, the potential of which he contends is underestimated by the market.

One SEC filing showed that Zuckerberg acquired 18 million shares in mid-December at a price of zero, indicating they were tied to his compensation as chief of the social network.

Explore further: China's Xiaomi raises more than $1 bn in funding

add to favorites email to friend print save as pdf

Related Stories

Facebook stock slide continues

Sep 05, 2012

Facebook stock hit a new low on Tuesday, with the world's leading social network having lost more than $50 billion dollars in market value since it became a publicly traded company in May.

Facebook co-founder sells 450,000 shares

Aug 22, 2012

(AP) — Facebook co-founder Dustin Moskovitz shed 450,000 shares of Facebook in the past few days for proceeds of about $9 million — a tiny chunk of his total stake.

Tale of the tape: Google versus Facebook

May 17, 2012

Facebook is the hottest Internet company to hit the stock market since Google went public in 2004. The Silicon Valley companies, located seven miles apart, also happen to be locked in a bitter battle for Web surfers' allegiance ...

Recommended for you

China's Xiaomi raises more than $1 bn in funding

7 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 2

Adjust slider to filter visible comments by rank

Display comments: newest first

Ophelia
1 / 5 (1) Feb 14, 2013
That's a nice "bonus": 18,000,000x$28.00= $504,000,000.00
rwinners
not rated yet Feb 14, 2013
Who cares? If facebook dies in a couple of years, I won't mind. I do use it to keep track of family, but other methods already exist and I'm very sure better methods will come.... assuming I want to use them.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.