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Facebook insiders reap $7.2 billion in sales since IPO

Of those who have sold some shares, Mark Zuckerberg has cashed out the most, reaping $3.41 bn


Facebook Inc's insiders and executives have cashed out of a bounty of stock since the company's initial public offering. Their reward: $7.2 billion. On the eve of the social network's second anniversary as a public company, an analysis by Bloomberg News shows that the company's top holders have executed transactions totaling at least 186 million shares over that period, reaping them $7.2 billion. Eleven holders have each sold more than $100 million of stock, including Chief Executive Officer and co-founder Mark Zuckerberg, Facebook underwriter Goldman Sachs Group Inc and ...

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First Published: Mon, May 19 2014. 00:14 IST