Dude, you can't just throw up a link! If you believe that then you must accept that my dunce link proves you are a dunce.
Besides anyone that would hit on this can not be helped!
Posted on 03/19/2018 3:38:22 PM PDT by TigerClaws
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 five million shares.
Disposing of those Facebook FB, -1.02% 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.
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Facebook spokeswoman Vanessa Chan said in an email that the stock sales are intended to fund the Chan-Zuckerberg Initiative, the philanthropic investment organization the Facebook founder set up with his wife in 2015. In an SEC filing, Zuckerberg said that he plans to sell at least $6 billion in Facebook stock to fund the organization’s efforts.
Last year, Facebook abandoned its plan to create a new class of nonvoting shares that was concocted to allow Zuckerberg to retain voting control of the company. Zuckerberg said at the time that the stock’s gains over the past couple years would allow him to retain control of the enterprise and still sell enough stock to fund his philanthropy without the new stock structure.
(Excerpt) Read more at marketwatch.com ...
Was this in 2013 when Zuckerberg shared Facebook data with Obama?
It all depends on the nature of the sale. For most Senior Executives, sales of stock have to be filed in advance (I believe with the SEC). The filing, if it was made, should be available on the EDGAR database. If it was indeed filed, it then just happened to be the luck of the day.
If not filed, then yes, yes there is a problem...
Uh, probably not.
Well I stayed at a Holiday Inn once, and it’s not legal.
Oh, so the SEC Law Library is ‘no argument’.
Psychotic, Heal Thyself.
It’s a very misleading article.
As far as I can tell by looking at the Form 4s filed with the SEC, most of the sales of shares were part of a pre-arranged plan, called a 10b5-1 plan, that was set up in 2017 and was set out to sell 35 million to 75 million shares that he owned.
There could be shenanigans with the administration of the plan but brokers would have to be in on it and there would need to be collusion with a few others.
Not likely.
This is fake news.
Same reason McCabe should go to jail. Lying to the feds.
Facebooks been hashed the last 5 days. He’d be a fool not to sell.
If President Trump or one of his buddies did this, there’d be at least 5 more “special prosecutors” empaneled until at least January 20, 2025.
I have a few former coworkers who would like to dispute that. They followed the rules, and spent a long few months defending themselves in a court of law.
The crime? One sold a bunch of stock to purchase an airplane (which he flew till he couldn’t fly anymore), and another did about the same time to finance a new house. The company stock fell a couple weeks later.
That was for a small, long gone, ethanol company. They DID not dump the stock, as they had know idea it would drop.
Dude, you can't just throw up a link! If you believe that then you must accept that my dunce link proves you are a dunce.
Besides anyone that would hit on this can not be helped!
I know for a fact I have far more regard for the snot I just blew into a Kleenex than I have for anything associated with Mark Zuckerberg. He has firmly demonstrated that he has divested himself not only of stock, but of the birthright of his heritage and his people. He has chosen the way of Soros, which is to laugh with the devil himself. I think, despite his enormous wealth (probably ill gotten), he will come to a bad end. You can’t buy your way to Heaven.
“That was for a small, long gone, ethanol company. “
There is your problem
Almost all public company CEO's and high company officials sell stock this way.....on a preset and publically announced schedule. It's done this way to AVOID accusations of "insider trading".
I gave you the place to get the information. Do your own damned homework.
“I gave you the place to get the information. Do your own damned homework. “
LOL! Make your argument.
“Insider trading is highly illegal “
Are you saying it is illegal for anyone inside a company to buy or sell the company stock?
I think you are wrong.
Not to buy or sell a stock.
Buy or sell it with knowledge of insider information.
Didn’t Martha Stewart go to jail for that? Or lying about it?
I saw a documentary on her and I believe it was lying to a Federales that did her in, not the insider trading itself.
This legal? Unloading a stock when you have insider info it’s going to tank?
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