Mark Zuckerberg's right-hand woman Sheryl Sandberg banked approximately $7.44m on Friday, after she sold around 353,000 of her shares in Facebook as trading restrictions for employees expired. The free-content ad network's COO - who joined Facebook from rival Google in March 2008 - retains about 20 million vested shares in the …
"Zuck's outfit is still worth... around $60bn"
"Zuck's outfit is still worth roughly about the same as British supermarket giant Tesco at around $60bn"
Lets go for "valued at $60bn" rather than "worth", shall we? What with Tesco having strippable assets, and all. Facebook's value lies largely in its userbase, and users aren't exactly fungible.
Re: "Zuck's outfit is still worth... around $60bn"
Eh, your dictionary will define "worth" using "financial value".
Call me suspicious
But could it be that the rats have started to leave the sinking ship?
If I had a wad of Future MySpace shares I'd be cashing in as fast as I could manage as well.
Pump and Dump Scam - rats leaving a sinking ship
How many more times do I have to post this. I said it way before the IPO and I'll continue to say it.
Goldman Sachs and the owners of Facebook are a bunch of sharks.
Re: Pump and Dump Scam - rats leaving a sinking ship
"Goldman Sachs... are a bunch of sharks.
Speaking as a vertebrate, I take offense to that. It has already been observed in the past that Goldman Sachs are in fact a giant vampire squid clamped to the face of humanity.
Ms Sandberg owned 1.9 million shares - she's sold 350,000. Strikes me as sensible diversification. Or perhaps she saw a nice house she wanted and couldn't get a mortgage.
I remember some excellent advice from the old Apple Recon stock analysis site:
"I'll start buying when the insiders stop selling."
If corporate executives with stock holdings are selling, that's a signal they don't believe the stock will perform well. And they ought to know.
Ignoring questions of whether mass insider selling will kill Facebook, marvel at the thought that 4 years work by a senior exec (but not a founder) for an already established company is deemed worth half a billion in stock on top of whatever salary she earnt.
Unless she shits gold bars I have to think that any definition of the phrase ''right place at the right time' should come with a picture of Sheryl Sandberg grinning from ear to ear on her new super-yacht.