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Technology Stocks : Meta Platforms, Inc. (Facebook)

META 648.66

-1.8%

Jan 7 3:59 PM EST

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To: Win-Lose-Draw who wrote (596)	5/22/2012 9:55:26 PM
From: i-node	Read Replies (2) of 3790

I'd like to cash in these chips, please... SAN FRANCISCO (MarketWatch) -- Facebook Inc. FB -8.90% Chief Executive Mark Zuckerberg has sold 30.2 million shares and director Peter Thiel has sold 16.8 million shares of the social-networking company, according to securities filings published late Tuesday. The sales confirm plans detailed in a prospectus before Friday's $16 billion IPO. Zuckerberg sold 30.2 million shares at a price of $37.58 for gross proceeds of $1.13 billion; Thiel sold 16.8 million shares for gross proceeds of $633 million. Facebook insiders had told prospective shareholders of their plans in an S-1 filing last week. Facebook FB -8.90% shares were down 0.8% after hours at $30.74.

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