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Zuckerberg sold $280M worth of Facebook stock in the past month

Zuckerberg sold $280M worth of Facebook stock in the past month

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by Amelia Scott — 2 months ago in Business Ideas 2 min. read
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Facebook‘s chief exec Mark Zuckerberg has sold nearly $280 million worth of company stock in the last month — his first sales of the year.

Zuckerberg began devoting shares on November 9, and he is currently generating almost $12.10 million daily on average by promoting his FB stock.

The sales come in the tail end of a relatively average year for Facebook inventory. The social networking giant’s share price has increased 37 percent in 2020, although the tech-heavy NASDAQ 100 index jumped 40 percent.

Zuckerberg netted between $267 and $287 per share, together with all sales made based on pre-set trading strategies lodged with the US Securities and Exchange Commission.

Facebook’s stock price at the time of writing is $287.52.
Also read: How do We Earn Money by Digital Marketing in 2020

As Facebook’s top shareholder, Zuckerberg’s wealth is tied its stock

For us, a quarter of a billion dollars in 1 month is life-changing. However, to Facebook’s boy-wonder, it is only the tip of this… Zuckerberg.

fb stocks 300x212 - Zuckerberg sold $280M worth of Facebook stock in the past month

Source: TNW

Zuckerberg’s net value is a huge $109 billion, based on Bloomberg, which makes him the fourth wealthiest man in the world behind Microsoft’s Bill Gates, Tesla’s Elon Musk, and Amazon’s Jeff Bezos.

Business Insider estimated Zuckerberg has increased his net worth by $9 billion annually since the firm went public at 2012, during that time Facebook inventory has returned over 580 percent.
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Zuckerberg has offered $12.72 billion value of Facebook inventory in those eight decades, together with his whopping $2.3 billion market place at December 2013 still his biggest to date. Facebook’s share price climbed that year.

At the moment, Reuters noted Zuck wanted all that money to pay a hefty tax bill. I am currently taking bets through Twitter concerning that which Zuck will spend his money this moment.


Amelia Scott

Amelia is a content manager of The Next Tech. She also includes the characteristics of her log in a fun way so readers will know what to expect from her work.

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