Zuckerberg owns nearly a third of Facebook: US regulators

February 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: Zuckerberg pledge boosts Facebook shares

Related Stories

Facebook stock slide continues

September 5, 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

August 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

A not-quite-random walk demystifies the algorithm

December 15, 2017

The algorithm is having a cultural moment. Originally a math and computer science term, algorithms are now used to account for everything from military drone strikes and financial market forecasts to Google search results.

US faces moment of truth on 'net neutrality'

December 14, 2017

The acrimonious battle over "net neutrality" in America comes to a head Thursday with a US agency set to vote to roll back rules enacted two years earlier aimed at preventing a "two-speed" internet.

FCC votes along party lines to end 'net neutrality' (Update)

December 14, 2017

The Federal Communications Commission repealed the Obama-era "net neutrality" rules Thursday, giving internet service providers like Verizon, Comcast and AT&T a free hand to slow or block websites and apps as they see fit ...

The wet road to fast and stable batteries

December 14, 2017

An international team of scientists—including several researchers from the U.S. Department of Energy's (DOE) Argonne National Laboratory—has discovered an anode battery material with superfast charging and stable operation ...

2 comments

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.