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 This material may not be published, broadcast, rewritten or redistributed.)