Zuckerberg Sells $95 M FB Stock

Facebook CEO Mark Zuckerberg has sold a very small portion of his Facebook stock. Mark sold 768,000 shares which was worth more than $95 million this month. The sale was made in accordance with Mark’s oath to donate or spend 99% of his wealth on companies & initiatives that focus on “personalized learning, curing disease, connecting people & building strong communities.” Mark scheduled the sale ahead of time by using a 10b5-1 trading plan to avoid any issues with insider trading. He announced the plan with his wife, Priscilla, after they had their first baby, Max, last December. This will be the first of Zuckerberg’s many sales that we’ll see from the billionaire philanthropist. Zuckerberg said that he would limit his expenses to $1bn per year for the next  years

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