/ 11 August 2013

Sheryl Sandberg sells $91m of Facebook stock

Sheryl Sandberg Sells M Of Facebook Stock

Facebook shares sold at their initial public offering in May 2012 for $38, but soon after dropped in value. Only in the past days it has recovered and surpassed that value.

The company shares closed Friday at $38.50.

Sandberg still holds more than 25 million shares, representing approximately $1-billion, according to the filing, released late Friday. – Sapa-AFP