did mark zuckerberg sell facebook 2024-2025
did mark zuckerberg sell facebook 2024-2025
There have been several instances where Mark Zuckerberg, the co-founder and CEO of Facebook, has sold his shares in the social media giant. However, it is important to note that Zuckerberg has never sold all of his shares in Facebook and continues to hold a significant stake in the company.
- One of the most significant instances of Zuckerberg selling his shares in Facebook was in 2012, when he sold approximately 30 million shares for a total of around $1 billion. This sale was part of a pre-arranged trading plan and was designed to help him offset taxes related to his stock options. Despite this large sale, Zuckerberg still retained control of Facebook, as he held a majority of the voting power for the company.
- In 2015, Zuckerberg sold another block of shares worth approximately $95 million, as part of his philanthropic efforts. He announced that he would be donating 99% of his Facebook shares over his lifetime to the Chan Zuckerberg Initiative, a charitable foundation he established with his wife, Priscilla Chan.
- In 2016, Zuckerberg sold an additional $95 million worth of Facebook shares, once again as part of his charitable efforts. This time, the proceeds were used to fund a new LLC, which was created to advance the Chan Zuckerberg Initiative’s mission.
- More recently, in 2019, it was reported that Zuckerberg had sold $2.5 billion worth of Facebook shares. This sale was part of a pre-arranged trading plan and was designed to help fund Zuckerberg’s philanthropic efforts, including the Chan Zuckerberg Initiative.
- Despite these sales, Zuckerberg remains one of the wealthiest people on earth.
click here for more info on facebook
creator studio facebook
customer service number for facebook
deactivate facebook
delete facebook account
did elon musk buy facebook
did facebook change its name
did facebook pay
did facebook pay for likes
did i file a facebook claim
did mark zuckerberg make facebook