Zuckerberg Has No Plans To Sell Facebook Shares This Year

MENLO PARK (CNET) – In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg “has no intention to conduct any sale transactions… for at least 12 months.”

This comes as Facebook’s stock today fell once again, closing down 1.8 percent to a record low of $17.73 Tuesday. That’s more than 54 percent off its mid-May IPO price of $38.

Read The Rest Of The Story From CNet News

(Copyright 2012 by CBS San Francisco and CBS Interactive. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
Got Our Weather App?

Listen Live