Dustin Moskovitz, who was Facebook's first chief technology officer, sold the shares in three batches of 150,000 shares each beginning on Wednesday, raising more than $8.7 million. He is currently co-founder of Asana. (Dan Honda/Staff)
NEW YORK (AP) -- Facebook co-founder Dustin Moskovitz is shedding another 450,000 company shares 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, made late Wednesday, covered sales from Monday to Wednesday. He sold shares at prices ranging from $19 to $19.49.
Shares of Facebook Inc., based in Menlo Park, Calif., have been in steep decline since debuting at $38 each in May. Shares hit a new low last week and haven't traded above $20 in two weeks.
Moskovitz, 28, was Mark Zuckerberg's Harvard roommate when they founded Facebook in 2004. He left in 2008 and started the software company Asana.
christina aguilera tupac hologram pulitzer prize winners nfl 2012 schedule gmail down tim lincecum
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.