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Zuckerberg Sells $95 Million in Facebook Shares for ‘Philanthropy’

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Facebook Inc. Chief Executive Officer Mark Zuckerberg has made his first big share sale to fund his family’s philanthropic initiative.

The sale of more than 760,000 shares of Facebook stock, valued at about $95 million, was made by Chan Zuckerberg Initiative Holdings and the Chan Zuckerberg Foundation, according to a regulatory filing Friday. The price of the shares ranged from $122.85 to $124.31. – READ MORE

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