Sheryl Sandberg Sells Facebook Stock Worth $90m
The right-hand woman to Mark Zuckerberg sells 2.4 million shares
Facebook COO Sheryl SandbergFacebook’s star COO Sheryl Sandberg sold 5% of her shares (totalling 2.37 million shares) last week, reportedly worth $91 million, after Facebook stocks passed the original $38 IPO price for the first time since the social media giant became a publicly traded company in May 2012.
The move follows a variety of other such sales from Facebook stock owners over the past two weeks, including Facebook’s CFO David Ebersman, who sold 223,400 shares for approx. $8.4 million, the company’s new general counsel Colin Stretch, who sold 20,800 shares for approx. $760,000, Chief Technology Officer Mike Schroepfer, selling 315,000 shares for approx $10.6 million, and Chief Accounting Officer Athwal Jas, who sold 25,000 shares for around $887,000.
Over the past few weeks, Facebook’s stock has continued to grow, with sharing prices showing over 40 percent growth compared to second-quarter revenue.
For a while there it seemed the IPO was a monumental disaster; at one point, the stock was at only $10 a share. But Facebook was able to make a huge comeback last month, and still continues to rise.
Sandberg’s trades were all reportedly sold at a minimum of $38 a share.
The sale was the largest Sandberg has been involved in since Facebook first became public, though she did make a few similar decisions throughout 2012, totalling over $50 million in stocks sold.
Today, the Silicon Valley-based executive, known for advising women to be more assertive in the workplace, currently boasts over 14 million shares of Facebook, worth reportedly over $530 million at today’s currently traded stock prices. The 43-year-old woman is reportedly worth $400 million.
Facebook CEO Mark Zuckerberg owns approximately 485 million shares of Facebook.
Shalom Life speaks to power couple Wendy Robbins and Karen Paull on their superhero-themed crowdfunding site that supports the notion of the mitzvah
Goldberg clumsily claims the website is a breakthrough idea in an untapped market, causing fury, naturally, across the Internet
The right-hand woman to Mark Zuckerberg sells 2.4 million shares
CEO of the coffee chain Howard Schultz faces growing pressure to ban weapons at every Starbucks store in the U.S.
Shalom Life learns about Warby Parker’s business/charity model, and what it feels like to provide half a million people in underdeveloped countries with glasses
Developed by RustyBrick Inc., the app will help deliver customize Jewish information
Shalom Life speaks to power couple Wendy Robbins and Karen Paull on their superhero-themed crowdfunding site that supports the notion of the mitzvah
Goldberg clumsily claims the website is a breakthrough idea in an untapped market, causing fury, naturally, across the Internet
The right-hand woman to Mark Zuckerberg sells 2.4 million shares
CEO of the coffee chain Howard Schultz faces growing pressure to ban weapons at every Starbucks store in the U.S.
Shalom Life learns about Warby Parker’s business/charity model, and what it feels like to provide half a million people in underdeveloped countries with glasses
Developed by RustyBrick Inc., the app will help deliver customize Jewish information
The 19 year old sophomore sat on the exam table looking at the floor. A college student with obvious charm
In 1971, researchers set up a prison in the basement of Stanford University’s Psychology Department. The idea was to
As I have tried to make abundantly clear the United States is the only country in the industrialized world that
Alright, that does it.Since the terrorist attacks of September 11, 2001, Americans have been willing to do their part for
A study appeared in a journal titled “Obesity” which was reported by a group from the University of Colorado. In
Sixty-five years ago today, World War II officially came to an end. On September 2, 1945, Japanese Foreign Minister
Share This Story With Your Friends!
Friend’s Name:
Friend’s E-Mail:
(This information will not be displayed publicly)
Optional Message:
