Facebook stock up on Zuckerbergs no-sale pledge

Facebook stock up on Zuckerberg’s no-sale pledge

The Associated Press
Published Sep 5, 2012 06:30PM MDT
Facebook’s stock increased nearly 5 percent on Wednesday after a disclosure that CEO Mark Zuckerberg won’t sell stock in the company for at least a year. Zuckerberg holds 504 million shares and options, and had been eligible to start selling them in November. The company has 692 million shares eligible for sale. The concern is that if Zuckerberg floods the market with additional shares, prices would go down further. The stock is still trading at less than half of the $38 that it went for in Face...
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