Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Zuckerberg sells $95 mn in Facebook stock: Report

by | May 25, 2021

Mark ZuckerbergNew York, (IANS) : Continuing on his goal to improve the world with his donations, Social networking giant Facebook’s CEO Mark Zuckerberg has sold $95 million in Facebook stock between November 17 and 18, according to regulatory filings.

The sale follows $190 million in Facebook stock sold by the same entities in October and another $190 million sold in September, Forbes reported on Monday adding that Zuckerberg has said that he will not sell or give away more than $1 billion in Facebook stock per year through 2018.

“Zuckerberg’s net worth at $52 billion. His net worth has increased over the past year despite the stock sales as a result of the rise in Facebook’s stock price,” noted the report.

In September Chan and Zuckerberg had pledged to spend $3 billion over next decade to combat disease. Facebook CEO had said at that time that if they could develop new tools, they could empower scientists all around the world to make much faster progress and breakthroughs.

According to the Forbes estimates, Zuckerberg is currently the fourth richest person in the world.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

India pips US to become 2nd largest 5G mobile market, Apple leads

India pips US to become 2nd largest 5G mobile market, Apple leads

New Delhi: India has overtaken the US to become the world’s second-biggest 5G handset market for the first time, behind China, a report has mentioned. Global 5G handset shipments grew 20 per cent (year-on-year) in the first half of 2024, according to the Counterpoint...

Sale of smartphones worth Rs 1 lakh and above surge in India

Sale of smartphones worth Rs 1 lakh and above surge in India

New Delhi: With disposable incomes rising amid the premiumisation trend, the sales of luxury smartphones have surged in India in recent quarters, industry experts said on Tuesday. The smartphone shipments of Rs 1 lakh and above increased by 20 per cent (year-on-year)...

Developers driving GDP growth in AI era: GitHub CEO

Developers driving GDP growth in AI era: GitHub CEO

New Delhi: Developers are driving GDP growth and in the era of artificial intelligence (AI), India is set to surpass the US to become the largest software developer community globally by 2027, according to Thomas Dohmke, CEO of Microsoft-owned software development...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *