Mark Zuckerberg has sold $356.8 million worth of Facebook shares in February, part of plans to unload up to $12.5 billion in stock.
A long, long time ago, in a land far, far away…
…like last month, Mark Zuckerberg, the CEO of Facebook who knew his company had been once again targeted for misuse of privacy data and manipulation sold off enough stock to equal the net worth of small countries.
The timing couldn’t have come at a better time.
Calls for him to step down as he continues to answer questions about what happened and offer apologies… AFTER cashing in his stocks. $356.8 Million dollars worth of them.
I wonder of those new investors will be suing for insider trading. I also wonder if the SEC will be investigating. Martha Stewart can give Mark Zuckenberg some tips, I’m sure.