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Prescient Much?
Zuck's Offloaded Shares Made Him $980 Million
Facebook’s reaction to a year of scandal has vacillated between defensive cluelessness and aloof silence.
Users are getting the message that information they post on Facebook can be used in ways they did not intend, and usage is starting to decline.
Meanwhile, executives are selling shares like crazy, including a plan by Mark Zuckerberg to sell almost $13 billion worth of shares by mid-2019.
Facebook Inc. Chief Executive Mark Zuckerberg saw his net worth decline by more than $5 billion since Monday, but it could have been worse.
Ahead of Facebook’s worst one-day decline since 2012, prompted by news that data affecting 51.3 million members was improperly shared with a political consulting firm, Zuckerberg had been busy selling stock. So far this year, he has sold more than 5 million shares. ...
http://stateofthenation2012.com/?p=96863
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