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Facebook Inc. Chief Executive Mark Zuckerberg saw his net worth decline by about $5 billion 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 nearly 5 million shares. Disposing of those Facebook FB, -1.14% shares before Monday ended up saving about $40 million, according to Securities and Exchange Commission filings and some arithmetic by MarketWatch. At Monday’s close, the 4.9 million shares Zuckerberg has sold this year under a predetermined plan would be worth $855 million. Zuckerberg made about $900 million selling those shares, according to calculations using average weighted prices reported to the Securities and Exchange Commission.
originally posted by: AugustusMasonicus
originally posted by: network dude
What a fortunate thing, to have the LUCK to sell off a bit of your stock HOURS before it tanks.
He should have run for and won a Congressional seat, then it would have been perfectly legal.
Most of us at least.
originally posted by: ScepticScot
originally posted by: DBCowboy
a reply to: network dude
I hate to point out the obvious, but Mark Zuckerberg is wealthy and supports leftist policies.
So the law and rules of society don't apply to him.
Maybe, maybe not. Irrelevant anyway in this case as he hasn't done anything illegal.