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Zuckerberg sells $2.3 billion worth of Facebook shares to pay off tax bill

Written by Andre Yoskowitz (Google+) @ 21 Dec 2013 13:48 User comments (3)

Zuckerberg sells $2.3 billion worth of Facebook shares to pay off tax bill Facebook creator and CEO Mark Zuckerberg announced on Friday that he sold 41.4 million shares of Facebook stock, worth over $2.3 billion, in order to pay a tax bill.
The stock was then offered to new investors as part of a 71 million share offering.

Zuckerberg's voting power in the company was slightly reduced, to 56.1 percent from 58.8 percent because his shares have 10 times more power than common A shares.

The executive will use most of proceeds to pay a massive 2013 tax bill.

Facebook's stock has risen 100 percent this year.

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3 user comments

121.12.2013 14:58

damn! that is mad...

221.12.2013 15:55

2.3 billion? How much did he OWE, or is some of that just pocket money?

322.12.2013 1:37

Zuckerberg to government: "1 billion to me, and 1 billion to you."
Greedy sob's.

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