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Why will Mark Zuckerberg sell 75 million shares of Facebook?

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Why will Mark Zuckerberg sell 75 million shares of Facebook?

Currently Facebook would seem to have it all, more than 2 billion users worldwide, more than 70 percent of its advertising revenue, and a CEO with a fortune of more than $ 72.5 billion, however, the company of Mark Zuckerberg will sell 75 million shares. Currently, Facebook seems to have it all, more than 2 billion users worldwide , more than 70 percent of its Cameroon Mobile Database advertising revenue, and a CEO with a fortune of more than $ 72.5 billion, however, the company of Mark Zuckerberg will sell 75 million shares.

According to CNBC, Mark will sell 75 million shares in the next 18 months, which currently cost $ 12.8 billion . The proceeds from the sale appear to be used to fund the philanthropic initiatives of Facebook CEO and his wife, Priscilla Chan. Likewise, share sales would be worth $ 6 billion and up. Cameroon Mobile Database

The share sale plan is part of the plan announced last year, following an agreement between the company and investors who were not convinced. And so far each share is worth $ 170.54. However, Mark’s sale of shares appears to be a counterproposal to pressure from investors to block C-shares, which would allow Mark to maintain voting control of the company, even as he sells the Brother Cell Phone List shares to support philanthropic causes. . For investors, the ownership structure could cause them to lose billions of dollars in value when the shares are traded , but they would not do it to have greater power over the company and the decisions of Mark Zuckerberg.

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