Sandberg sells $100m of Facebook stock
THE number two executive at social networking giant Facebook, Sheryl Sandberg, has sold $A100.51 million worth of the company's stock, according to US securities filings.
The number two executive at social networking giant Facebook, Sheryl Sandberg, has sold $A100.51 million worth of the company's stock, according to US securities filings.
Facebook shares sold at their initial public offering in May 2012 for $US38 but soon after dropped in value.
Only in past days has it has recovered and surpassed that value. The company shares closed on Friday at $US38.50.
Sandberg still holds more than 25 million shares, representing approximately $US1 billion, according to the filing, released late on Friday.
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