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.
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.
