Facebook CEO To Sell Stock In First IPO Follow-On

By | December 19, 2013

Scalper1 News

Facebook (FB) stock fell Thursday after the company said in a regulatory filing that CEO Mark Zuckerberg plans to sell more than 40 million shares as part of the company’s first follow-on stock offering, which will total about $4 billion. Facebook stock was down 2.4% in midday trading in the stock market today. The stock fell as much as 5.2% in heavy pre-market trading Thursday, according to the Nasdaq exchange. Zuckerberg plans to buy 60 million Scalper1 News

Scalper1 News