Mark Zuckerberg has sold $296 million worth of Facebook shares in August

  • 24/08/2019
Mark Zuckerberg has sold $296 million worth of Facebook shares in August

In August, Mark Zuckerberg was on sale, discharging about 1.6 million Facebook shares valued nearly $ 296 million.


Until this month, co-founder and chief executive officer of Facebook had not sold shares since April. This year, he sold 2.9 million shares worth over $ 526 million.

Zuckerberg still possesses over 375 million Facebook shares with en existing price of more than 68 billion dollars, thus becoming the fifth richest person in the globe.

Although his sales activity increased in August, he is still distant from the pace of previous year when Zuckerberg sold about 28.9 million shares valued over $ 5.3 billion. At the end of 2017, Zuckerberg announced that it intends to sell up to 75 million shares valued over $ 12 billion at that time by March this year.

Facebook shares on Thursday fell to a lesser degree of 1%, to $ 182.11.


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