I thought employees of facebook can't sell for 6months after the IPO. Is this not true?
Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
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Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#12He needs walking around money. So what?
Well, a billion is a lot of walking around money. If he just cashed out for no particular reason, it would point to a lack of faith in the growth prospects for Facebook. After all if you owned a billion dollars of a stock that you thought was a rocketship, wouldn't you leave it in and turn it into five or ten billion? Of could it could be he wanted to spread his risk around, or pay his taxes.
To be specific HE did not cash out. An independently managed PAT cashed out.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#13You know what's cool? 1.134916 billion dollars. Hey, who else has finances that look like this? Mark Zuckerberg, Trustee of The Mark Zuckerberg 2008 Annuity Trust dated March 13, 2008
This is pretty common when someone has a lot of cash that is liable to capitol gains. If you sell the assets to the pat you can pay the taxes over time on the money that is distributed instead of paying the capitol gains all at once and loosing that earning power. You do loose the money in that it you cant use it but you make more money in the long run because you spread the taxes out and make money on the potential…
I think you mean 'capital', as in capitalism.
Capitol is the building in which a legislature meets. eg: The Capitol Building.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#14I thought employees of facebook can't sell for 6months after the IPO. Is this not true?
Key word: employees.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#15Earlier quoted context omitted.
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He still has much, much more tied up in facebook. The fact that he's diversifying his holdings shouldn't be held against him; any reasonable person would do the same to hedge against a possible decline of the entire technology sector in the event social media company valuations face some sort of "correction". Also, anyone with that much money in equities has to worry about broader macroeconomic issues such as the cur…
With that much money I would just retire and travel or pull a Bill Gates.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#16I figured that's why he held on to >50.1%, so he could sell some and still maintain control.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#17You know what's cool? 1.134916 billion dollars. Hey, who else has finances that look like this? Mark Zuckerberg, Trustee of The Mark Zuckerberg 2008 Annuity Trust dated March 13, 2008
This is pretty common when someone has a lot of cash that is liable to capitol gains. If you sell the assets to the pat you can pay the taxes over time on the money that is distributed instead of paying the capitol gains all at once and loosing that earning power. You do loose the money in that it you cant use it but you make more money in the long run because you spread the taxes out and make money on the potential…
replace loose with lose.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#18Earlier quoted context omitted.
This is pretty common when someone has a lot of cash that is liable to capitol gains. If you sell the assets to the pat you can pay the taxes over time on the money that is distributed instead of paying the capitol gains all at once and loosing that earning power. You do loose the money in that it you cant use it but you make more money in the long run because you spread the taxes out and make money on the potential…
replace loose with lose. See: http://theoatmeal.com/comics/misspelling
Start your sentences with a capital letter.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#19This is really strange.
Such a move should be prepared carefully and when executed then immediately explained with a press release.
Mark doesn't believe in FB.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#20This is really strange. Such a move should be prepared carefully and when executed then immediately explained with a press release. Mark doesn't believe in FB.
For better or worse, the man has never exercised traditional business practices.