So much for Facebook taking the market by storm. Since its debut at $38 per share, Facebook has spiraled down. I guess that’s the reason why one co-founder has decided to get rid of shares fast! Click below to read more.
NEW YORK (AP) – Facebook co-founder Dustin Moskovitz is shedding another 450,000 company shares (FB) for a take of about $8.7 million.
Moskovitz has been selling 150,000 shares a day and disclosing the sales every three days. Including the most recent sale, he still holds more than 130 million shares.
The latest filing, late Wednesday, covered sales from Monday to Wednesday. He sold shares at prices ranging from $19 to $19.49.
Moskovitz, 28, was Mark Zuckerberg’s Harvard roommate when they founded Facebook in 2004. He left in 2008 and started the software company Asana.
