Zuckerberg saved tens of millions by selling Facebook stock ahead of Monday decline.
Facebook Inc. Chief Executive Mark Zuckerberg saw his net worth decline by about $5 billion Monday, but it could have been worse.
Ahead of Facebooks worst one-day decline since 2012, prompted by news that data affecting 51.3 million members was improperly shared with a political consulting firm, Zuckerberg had been busy selling stock. So far this year, he has sold nearly five million shares.
May we hear more and more of the same!
So if he some 5,000,000shares and pocketed $900,000,000.....he still owns $23+billion in the company. Its not a meaningful decision to sell shares. Not only that, he couldnt sell those yesterday, he can only do it during certain times between earnings and news announcements. I take this as Zuckerberg just diversifying. It is only ~4% of his holdings.