Zuckerberg Selling $2.3 Billion Worth of Facebook Stock to Pay Taxes

Mashable- Facebook CEO Mark Zuckerberg on Thursday will sell $2.3 billion worth of his company's stock largely to pay tax bills on options that he is exercising.

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Spiewie 2494d ago

Desperate times need desperate measures... Didn't know that Facebook was doing bad at the moment.

Audiggity2494d ago

It isn't doing bad... were you being sarcastic?

He is selling stock to pay his taxes... in other words, the company valuation has accelerated quickly enough to pay for the taxes he owes as a result of the absurd amount of money he's making!

He doubled in worth and the stock price is up over 100% YoY.

Silly rich.