Sheryl Sandberg sells $91 million of Facebook stock

Aug 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: Facebook soaring stock closes above $38 IPO price

add to favorites email to friend print save as pdf

Related Stories

Tableau Software soars in trading debut

May 17, 2013

(AP)—Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.

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.

Recommended for you

Nokia profits rise after sale of handset division

15 hours ago

(AP)—Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset ...

Swiss drug maker Roche posts 7 percent profit drop

18 hours ago

(AP)—Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.

Cheaper wireless plans cut into AT&T 2Q profit

Jul 23, 2014

(AP)—AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

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.