Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 19 December 2013 14:17

Zuckerburg gets rid of Facebook shares

Written by Nick Farrell



Does he know something?

Facebook Chief Executive Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion as part of an offering of 70 million Class A common shares of the social network.

Of course there is no reason for him to sit on the shares when he has a few swimming pools to buy, but it is a little odd that he should choose to do it now. Facebook shares are doing well and were expected to rise further as the company sorts out its mobile plans and starts making more cash.

However if Zuckerberg thought the shares were going to go up much more he would nuts to sell that many of them. After all he could always sell a small number so that he can buy a few Christmas prezzies.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments