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Zuckerberg saved tens of millions by selling Facebook stock ahead of Monday decline
Market Watch ^

Posted on 03/19/2018 3:38:22 PM PDT by TigerClaws

Facebook Inc. Chief Executive Mark Zuckerberg saw his net worth decline by about $5 billion Monday, but it could have been worse.

Ahead of Facebook’s 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.

Disposing of those Facebook FB, -1.02% shares before Monday ended up saving about $40 million, according to Securities and Exchange Commission filings and some arithmetic by MarketWatch. At Monday’s close, the 4.9 million shares Zuckerberg has sold this year under a predetermined plan would be worth $855 million. Zuckerberg made about $900 million selling those shares, according to calculations using average weighted prices reported to the Securities and Exchange Commission.

Don’t miss: Facebook election issues push investors toward Twitter and Snap

Facebook spokeswoman Vanessa Chan said in an email that the stock sales are intended to fund the Chan-Zuckerberg Initiative, the philanthropic investment organization the Facebook founder set up with his wife in 2015. In an SEC filing, Zuckerberg said that he plans to sell at least $6 billion in Facebook stock to fund the organization’s efforts.

Last year, Facebook abandoned its plan to create a new class of nonvoting shares that was concocted to allow Zuckerberg to retain voting control of the company. Zuckerberg said at the time that the stock’s gains over the past couple years would allow him to retain control of the enterprise and still sell enough stock to fund his philanthropy without the new stock structure.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; Politics/Elections
KEYWORDS: facebook; facebookstock; markzuckerberg; stock; zuckerberg; zuckerbergstock
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To: TigerClaws

Not legal
But nothing will happen


21 posted on 03/19/2018 4:04:23 PM PDT by redgolum
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To: TexasGator

i don’t see how the size of his loss today negates his previous actions.


22 posted on 03/19/2018 4:04:46 PM PDT by proust ("The rule is, jam tomorrow and jam yesterday, but never jam today.")
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To: TigerClaws

The Securities and Exchange Commission and DOJ will hit him with insider trading charges.

I hope.


23 posted on 03/19/2018 4:05:04 PM PDT by lightman (ANTIFA is full of Bolshevik.)
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To: TigerClaws

Same exact thing an Equifax guy here in Atlanta got locked up for last week.


24 posted on 03/19/2018 4:06:07 PM PDT by The Toll
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To: TigerClaws

I just cancelled my FB account last night and getting ready to switch over to Apple IPhone.

So done with FB and the Google unholy alliance.

DONE!!!!!!!


25 posted on 03/19/2018 4:07:15 PM PDT by Hammerhead
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To: TigerClaws

Calling Martha Stewart.....
... Calling Martha Stewart....

Calling Equifax...
..... Calling Equifax....


26 posted on 03/19/2018 4:08:19 PM PDT by ptsal ( Get your facts first, then you can distort them as you please. - M. Twain)
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To: TigerClaws

He’s likely on a 10b5-1 plan like most execs in public companies. probably nothing but the price hit his pre-chosen price and the plan automatically disposes of the number of shares he chose.


27 posted on 03/19/2018 4:14:03 PM PDT by sappy (criminaldems)
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To: TigerClaws

Thanks. Just posted to my Facebook :)


28 posted on 03/19/2018 4:15:06 PM PDT by Cats Pajamas
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To: proust

“i don’t see how the size of his loss today negates his previous actions.”

It doesn’t negate his previous actions which were to set up a predetermined sell plan over a period of time.


29 posted on 03/19/2018 4:15:32 PM PDT by TexasGator (Z)
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To: redgolum

“Not legal”

PERFECTLY LEGAL!


30 posted on 03/19/2018 4:16:23 PM PDT by TexasGator (Z)
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Thanks so much for your support to this point... I personally apprecaite it...
FReepers, it's far beyond time to wrap up this FReep-a-thon.  Lets do it today.  Please chip in.


President Donald J. Trump and the Free Republic of the United States of America
President Donald J. Trump's address to the United Nations on 09/19/2017.

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...this is a general all-purpose message, and should not be seen as targeting any individual I am responding to...

Just $185.00 dollars to 95.00%

31 posted on 03/19/2018 4:17:18 PM PDT by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs..)
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To: TexasGator
Completely illegal.

Insider Trading Laws

32 posted on 03/19/2018 4:18:06 PM PDT by Lazamataz (What America needs is more Hogg control.)
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To: TigerClaws

so Facebook was where Obama got all his info to Blackmail the Politicians into giving him everything he wanted


33 posted on 03/19/2018 4:18:59 PM PDT by butlerweave
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To: TigerClaws

I’ll bet half of facebooks American accounts are dead and not updated/ All the time I see accounts where the last update was two-three years ago.


34 posted on 03/19/2018 4:18:59 PM PDT by dennisw (If they)
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To: Neoliberalnot

“Insider trading is highly illegal but you can bet Zuck can buy justice.”

Another example! He sold 70 million shares right before the stock plunged from 55 to 175!

https://www.usatoday.com/story/tech/2013/12/19/facebooks-zuckerberg-selling-23-billion-in-stock/4127313/


35 posted on 03/19/2018 4:20:23 PM PDT by TexasGator (Z)
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To: TigerClaws

This is in Martha Stewart territory.


36 posted on 03/19/2018 4:21:19 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: Lazamataz

https://www.bing.com/search?q=dunce+images&form=IENTNB&mkt=en-us&httpsmsn=1&refig=13c22819a9b143d8f623e91c5d6ea115&sp=-1&pq=dunce+images&sc=8-12&qs=n&sk=&cvid=13c22819a9b143d8f623e91c5d6ea115


37 posted on 03/19/2018 4:21:24 PM PDT by TexasGator (Z)
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To: TexasGator

Thank you for showing me you have zero argument on behalf of your position. It is appreciated.


38 posted on 03/19/2018 4:22:19 PM PDT by Lazamataz (What America needs is more Hogg control.)
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To: Lazamataz

“Thank you for showing me you have zero argument on behalf of your position. It is appreciated.”

Since you presented no argument for your position I thought my post entirely appropriate!


39 posted on 03/19/2018 4:23:16 PM PDT by TexasGator (Z)
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To: dennisw

What’s funny is the number of those dormant accounts that seem to be used to comment on politically charged news stories on the web. And always with a leftist response.


40 posted on 03/19/2018 4:33:22 PM PDT by Trailerpark Badass (There should be a whole lot more going on than throwing bleach, said one woman.)
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