Thursday, September 28, 2017

CEO Mark Zuckerberg Wants To Sell 35-75 Million Facebook Shares

SHARE WITH YOUR FRIENDS
Continue your visit with Random Facts Portal for latest News and life Style Updates. We will update you with latest information, which is very useful for you.
CEO Mark Zuckerberg Wants To Sell 35-75 Million Facebook Shares

CEO Mark Zuckerberg Wants To Sell 35-75 Million Facebook Shares


Mark Zuckerberg said that he wants to sell 35-75 mn Facebook shares in the next 18 months to fund the Facebook’s work in science, education, and advocacy.
“Over the past year and a half, Facebook’s business has performed well and the value of our stock has grown to the point that I can fully fund our philanthropy and retain voting control of Facebook for 20 years or more,” Mark Zuckerberg wrote in a post.

CEO Mark Zuckerberg Wants To Sell 35-75 Million Facebook Shares

“I want to be clear: this doesn’t change Priscilla and my plans to give away 99 percent of our Facebook shares during our lives. I anticipate selling 35-75 million Facebook shares in the next 18 months to fund our work.”

Zuckerberg said his wife Priscilla and he feel a responsibility to do their part to address global challenges and social issues like education for every student and curing all diseases in their children’s lifetime.

CEO Mark Zuckerberg Wants To Sell 35-75 Million Facebook Shares


He also asked the company’s board to extract the proposal to reclassify the stock that he proposed to create last year. The idea of the proposal was that it would allow Marl Zuckerberg to keep voting control of Facebook so the company can continue to build for the long-term and allow his wife and him to fund the work they were doing through the Chan Zuckerberg Initiative.