Right decision, FB shares low for today was 31$ now 32.
One news from him that he bought this shares at 31, and market will go up. Than sell again at 45 :)
He wants to become a stock trader :D
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
#32This 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.
This is really common. One reason you IPO is to monetize your investment in the company. Bill Gates and Paul Allen have been selling off chunks of shares for decades and it's not like they don't believe in Microsoft.
Yup. Twenty billion in shares is just a number in a book somewhere if you never sell.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#33Right decision, FB shares low for today was 31$ now 32. One news from him that he bought this shares at 31, and market will go up. Than sell again at 45 :) He wants to become a stock trader :D
He didn't buy at $31. He sold 30.2M shares.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#34Earlier quoted context omitted.
replace loose with lose. See: http://theoatmeal.com/comics/misspelling
Start your sentences with a capital letter. See: http://en.wikipedia.org/wiki/Letter_case
Getting meta, are we?
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#35I figured that's why he held on to >50.1%, so he could sell some and still maintain control.
His Class B shares should take care of maintaining control.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#36Probably to pay his tax bill, right?
No. His stock was near zero when he acquired (created) them. He'll pay full cap gain rates when he realizes them (which is 15% cap gains rate which is not too bad for him; I pay a lot more on my labor gains). He owes no tax until then. If you received stock worth , say, one million , you might want to sell 1/3 to pay the tax. Otherwise if stock price goes to zero you've got a million in losses to write off which is hard to do without a million in gains to offset it.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#37I figured that's why he held on to >50.1%, so he could sell some and still maintain control.
His Class B shares should take care of maintaining control.
The FB shares aren't voting shares or are extremely diluted voting shares? This is the same scam Google and UPS pulled. Beware of owning second class stock shares. It means that someday the insiders can wave a magic wand and screw you over. Do you trust them? Maybe. But it doesn't mean they can't do what they want and "share holders" can't do a thing about it.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#38Earlier quoted context omitted.
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…
It's not worth $108 billion, it never was - never will be. This was a scam. A Ponzi Pyramid Scheme. A cash-grab. http://www.jperla.com/blog/post/facebook-is-a-ponzi-scheme
I think we are going to need a new term for legitimate ponzi schemes to help identify them now that anything somebody doesn't agree with: FB, social security, socialized medicine, unions, groupon, quantitative easing, bailouts, unicorns, etc... are now routinely written off as "ponzi schemes".
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#39Earlier quoted context omitted.
It's not worth $108 billion, it never was - never will be. This was a scam. A Ponzi Pyramid Scheme. A cash-grab. http://www.jperla.com/blog/post/facebook-is-a-ponzi-scheme
I think we are going to need a new term for legitimate ponzi schemes to help identify them now that anything somebody doesn't agree with: FB, social security, socialized medicine, unions, groupon, quantitative easing, bailouts, unicorns, etc... are now routinely written off as "ponzi schemes".
Unicorn futures are a well known ponzi scheme.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#40Probably to pay his tax bill, right?
No. His stock was near zero when he acquired (created) them. He'll pay full cap gain rates when he realizes them (which is 15% cap gains rate which is not too bad for him; I pay a lot more on my labor gains). He owes no tax until then. If you received stock worth , say, one million , you might want to sell 1/3 to pay the tax. Otherwise if stock price goes to zero you've got a million in losses to write off which is h…
That's only partly true. As I recall, he exercised a substantial option (~100 million shares or something like that), half of which were non-qualified and are immediately taxed as ordinary income, so he's got a big tax bill coming and probably will keep less than half of what he just cashed out.