Facebook says CEO won’t sell stock for 1 year
Facebook stock gets a reprieve after it says CEO Zuckerberg won’t sell shares for 1 year By Barbara Ortutay, AP Technology Writer | Associated Press Symbol Price Change MS 15.68 +0.17 NEW YORK (AP) — Facebook’s stock got some reprieve in after-hours trading Tuesday after the company said its CEO, Mark Zuckerberg, won’t sell stock in the company for at least the next 12 months. Investors have been concerned with the expiration of lockup periods that allow insiders to sell stock in Facebook. If a lot of shares flood the market the stock price may fall. Adding to those…
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