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.
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