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Submitted: May 23, 2012 - 3:43pm
Originally published: May 23, 2012
Last updated: May 23, 2012 - 3:55pm
Originally published: May 23, 2012
Last updated: May 23, 2012 - 3:55pm
Source:
Los Angeles Times
Author:
Salvador Rodriguez
Location:
Facebook (new HQ), 1601 Willow Road, Menlo Park, CA, United States
Mark Zuckerberg completed the transaction of the 30.2 million shares he sold in Facebook's IPO. The shares he disposed of sold for $37.58 a piece, bringing him a cool $1.1 billion. But despite all that money, the Facebook CEO will be spending most of it to cover taxes, according to a document filed with the Securities and Exchange Commission.
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