Facebook Co-Founder Dustin Moskovitz Sells Total Of 450,000 Class A Shares

Posted on Aug 30 2012 - 5:10am by Editorial Staff

Facebook Board Facebook’s Director Peter Thiel Sold Majority Of His Shares In Deal Planned Pre IPO

With Facebook share price still pouring down, traded last day at 19.10 (down 1.24%), another company’s face, the co-founder Dustin Moskovitz selling his social giant shares. Moskovitz has sold a total of 450,000 Class A shares at prices ranging from $19.19 to $19.22 a share.

Moskovitz also owns 106.8 million B shares, which he could convert anytime to Class A share on a one-to-one basis at any time although Class B shares carry more voting power rights.

Earlier, PayPal co-founder and Facebook director Peter Thiel has sold 20.6 million Class A shares. Thiel sold the shares at an average price of $19.73, which results in making him nearly $400 million from his original investment of $500,000.

(Image Source: Flickr)

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.