Sheryl Sandberg sells $91 million of Facebook stock

August 11, 2013
The number two executive at social networking giant Facebook, Sheryl Sandberg, has sold $91 million of the company's stock, according to US securities filings.

The number two executive at social networking giant Facebook, Sheryl Sandberg, has sold $91 million of the company's stock, according to US securities filings.

Facebook shares sold at their in May 2012 for $38, but soon after dropped in value. Only in the past days it has recovered and surpassed that value.

The company shares closed Friday at $38.50.

Sandberg still holds more than 25 million shares, representing approximately $1 billion, according to the filing, released late Friday.

Explore further: Where are Facebook's friends? Stock down after IPO (Update)

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flank
5 / 5 (1) Aug 11, 2013
There is such a proliferation of social networking sites and services already, from google+, orkut, bing.com, mutineer.org, tuenti.com, etc etc that Facebook's days are numbered. They are looking at the numbers and they see the writing's on the wall (no pun intended). Surely now, with the NSA's spying out in the open there has been a drop-off in use as people realize Big Brother is using Facebook to spy on them... which surely was the whole reason for the Real Name policy from the start-- it was asked for by the NSA. Sandberg is a rat who is not jumping off the ship, but certainly is preparing her life raft.

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