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Roland99

(53,345 posts) Wed May 23, 2012, 10:40 AM May 2012

Facebook's Zuckerberg, Thiel sell shares [View all]

Source: MarketWatch

Facebook Inc. FB +3.32% Chief Executive Mark Zuckerberg has sold 30.2 million shares and director Peter Thiel has sold 16.8 million shares of the social-networking company, according to securities filings published late Tuesday. The sales confirm plans detailed in a prospectus before Friday's $16 billion IPO. Zuckerberg sold 30.2 million shares at a price of $37.58 for gross proceeds of $1.13 billion; Thiel sold 16.8 million shares for gross proceeds of $633 million. Facebook insiders had told prospective shareholders of their plans in an S-1 filing last week. Facebook FB +3.32% shares were down 0.8% after hours at $30.74.

Getting out while the getting's possible?

66 replies

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Highlight:

Facebook's Zuckerberg, Thiel sell shares [View all] Roland99 May 2012 OP

I read that as "Zuckerberg, Thief sell shares" BeyondGeography May 2012 #1

Same difference. Atman May 2012 #2

DUzy candidate! rocktivity May 2012 #3

and if you started a company that went IPO, you wouldn't sell some of your shares either? There is still_one May 2012 #5

Read the headline again BeyondGeography May 2012 #11

He is a thief, the whole facecrook racquet is a scam we can do it May 2012 #12

please explain frylock May 2012 #20

It certainly isn't worth what people paid for it, but they did so willingly 4th law of robotics May 2012 #37

Okay, kids...reality check... Atman May 2012 #17

I think that is pretty much what I said, it was wall street and the underwriters. However, still_one May 2012 #19

You are right, it is a casino. And the house always wins. Odin2005 May 2012 #39

Here is what I meant by that, and why it relates... Atman May 2012 #43

Sure it is the bag man's fault zeemike May 2012 #24

Does Zuckerberg still have a large majority share margin? JDPriestly May 2012 #44

I did, too! Odin2005 May 2012 #36

I read it as "Suckerberg, Thief sell shares" nt bupkus May 2012 #46

Another one DUzy Candidate! rocktivity May 2012 #49

DUZY ACCOMPLISHED!!! rocktivity May 2012 #63

My first DUZY! bupkus May 2012 #65

DUZY ACCOMPLISHED!!! rocktivity May 2012 #61

Noted BeyondGeography May 2012 #64

DUZY ACCOMPLISHED!!! rocktivity May 2012 #62

Doing EXACTLY What They Told EVERYONE They were going to do CBGLuthier May 2012 #4

Pump and dump KurtNYC May 2012 #6

zuckerberg did not pump it. Morgan stanley and the underwriters did, along with the wall street in still_one May 2012 #7

so what did Zuckerberg say the shares were worth? KurtNYC May 2012 #15

He is doing what every CEO is told to do by the underwriters when you go public. He didn't set the still_one May 2012 #21

Zuck said the shares would go to $44 within 6 months but he dumped at $37.66 KurtNYC May 2012 #26

He didn't dump anything. former9thward May 2012 #30

Can you imagine how low the price would be now if he sold 20% of his shares? KurtNYC May 2012 #31

He sold to pay taxes. It doesn't matter what he thought the price was going to be. former9thward May 2012 #33

To pay taxes on the sale of the shares he sold KurtNYC May 2012 #41

Do you think he has no income other than those shares? former9thward May 2012 #42

you are a sad fanboy,. Civilization2 May 2012 #45

You know nothing about business. former9thward May 2012 #48

+1 we can do it May 2012 #58

yup. closeupready May 2012 #8

+1. bemildred May 2012 #23

Vulture Capitalism anyone? Iliyah May 2012 #9

Nothing wrong with that, I'd do the same thing tularetom May 2012 #10

You mean the pie he stole from other students we can do it May 2012 #13

Exactly which other students ? dipsydoodle May 2012 #22

You mean the Winklevi? Odin2005 May 2012 #40

Sometimes it pays to be a procrastinator. I was going to buy FB shares but just didn't get yellowcanine May 2012 #14

Facebook, like Google, is just an ad spamming pyramid scheme. onehandle May 2012 #16

esp. if everyone used Firefox with AdBlock Plus plugin Roland99 May 2012 #25

Blaaah... I created (designed, programmed, ran, hosted) a social networking site octothorpe May 2012 #27

I will never click-thru on an ad. Esp. the ones with motion. Roland99 May 2012 #38

I use Chrome Google Bryn May 2012 #34

Google is VERY different from FB KurtNYC May 2012 #28

Facebook has like a tenth of the ad click rate that Google has fujiyama May 2012 #51

1.13 billion is barely a drop in the bucket in terms of what he owns in the company. iandhr May 2012 #18

Oooh! Barley in a bucket! Fuddnik May 2012 #29

To be fair... this is generally common... Fearless May 2012 #32

That's how IPOs go - big investors who get in early do well... polichick May 2012 #35

big investors who got in at $38 when it went public? wordpix May 2012 #54

Look up the criteria for getting in before the IPO - for each investment house... polichick May 2012 #55

wow, you know everything, right? wordpix May 2012 #59

I trade enough to know about this... polichick May 2012 #60

He's selling, I'm buying. Chan790 May 2012 #47

"Getting out while the getting's possible?" unkachuck May 2012 #50

Wasn't this already known? fujiyama May 2012 #52

Um, I know NOTHING about public offerings and CEO behavior Canuckistanian May 2012 #53

First they are required to disclose the sale ahead of time grantcart May 2012 #66

So let me get this outrage straight. Dreamer Tatum May 2012 #56

The SEC should investigate him, as well as Morgan Stanley, JP Morgan, and Goldman Sachs fully tawadi May 2012 #57