Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday December 19, 2013

Zuckerberg To Sell $2.3B In Shares To Pay Taxes

Numbers like this are staggering. It must be nice to be able to just sell some of your shares to cover a $2.3B tax bill. eek!

Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares. Facebook shares, which have doubled in value this year, were down 4 percent at $53.54 before the bell.