He still plans to sell up to 75 million shares over the next year and a half — worth $13 billion at today’s price.
Facebook CEO Mark Zuckerberg will no longer try to reclassify the company’s stock, settling a major class-action lawsuit with shareholders.
Zuckerberg wanted to reclassify Facebook’s stock so he could sell shares — to fund the ambitious philanthropic projects he and his wife, Priscilla Chan, are leading — while retaining control of the company. – READ MORE
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