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Thursday, December 19, 2013

Zuckerberg to sell Facebook shares worth about $2.3 bln, (NASDAQ: FB)

Facebook Inc's Chief Executive Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion as part of an offering of 70 million Class A common shares of the social network. Facebook shares were down 4 percent at $53.54 before the bell.

Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers. Shares of FB traded higher by 1.29% or $0.71/share to $55.57. In the past year, the shares have traded as low as $22.67 and as high as $55.89. On average, 77569400 shares of FB exchange hands on a given day and today's volume is recorded at 76100872.