Zuckerberg, Facebook to Sell Almost $4 Billion in SharesBy
Facebook Chief Executive Officer Mark Zuckerberg knows what he’s getting himself for the holidays. On the eve of his stock joining the Standard & Poor’s 500-stock index, the billionaire is exercising an option to purchase 60 million supervoting Class B shares in his company. Facebook announced this morning that it will sell 70 million Class A shares to the public—41.35 million of them from Zuckerberg, most of which will go to pay the taxes on his options. The offering is worth $3.9 billion.
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