Mark Zuckerberg, the founder of Facebook, announced on Tuesday that he plans to sell 35 to 75 million shares of Facebook over the next 18 months. This will amount to up to $12 billion, and will reduce Zuckerberg’s stake in the company from about 56% to about 18%. Zuckerberg stated that he plans to use the money to “fund our work in education, science, and advocacy.”
This move comes as a bit of a surprise, as Zuckerberg has always been a very hands-on CEO and has been very tight-lipped about his plans for Facebook. Zuckerberg’s sale will be the largest ever by an individual in the technology sector. It is also the largest sale of shares in Facebook since the company went public in 2012.
Zuckerberg’s decision to sell shares is likely due to the fact that Facebook is now a mature company. The social media giant has been around for 14 years, and it is becoming increasingly difficult to maintain the company’s explosive growth. In the most recent quarter, Facebook’s user base only grew by 3%.
Despite the slowdown in growth, Facebook is still a very profitable company. It generated $15.9 billion in revenue in 2018, and its profits totaled $22.1 billion. Zuckerberg’s sale will help to ensure that Facebook continues to be a strong and profitable company in the years to come.
Facebook’s stock was down slightly on Tuesday in light of the news, but it is still up significantly from where it was a year ago. Zuckerberg’s sale is a sign that Facebook is a good investment, even amidst concerns about the company’s growth prospects.
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Mark Zuckerberg is the co-founder, chairman and CEO of Facebook. He owns a controlling stake in the company, which is currently worth more than $74 billion.
Zuckerberg founded Facebook with his college roommate, Eduardo Saverin, in 2004. He owned a 50% stake in the company at the time.
Facebook went public in 2012, and Zuckerberg’s ownership stake was diluted to 24%. He still owns a controlling stake in the company, however, because he has Class B shares, which have 10 times the voting power of Class A shares.
Zuckerberg’s net worth is estimated to be $74.4 billion, making him the fifth richest person in the world.
Who owns the most share of Facebook?
As of March 31, 2018, Facebook, Inc. (NASDAQ: FB) was the largest shareholder of the social media company, owning 4.01% of the outstanding shares.
The second-largest shareholder is Vanguard Group, Inc. (NYSE: VNQ), with a stake of 3.92%. Other notable shareholders include BlackRock, Inc. (NYSE: BLK) with a stake of 2.92%, and State Street Corporation (NYSE: STT) with a stake of 2.49%.
What is Zuckerberg’s stake in Facebook?
What is Zuckerberg’s stake in Facebook?
According to the company’s SEC filings, Zuckerberg owns just over 24% of Facebook’s Class A shares and just over 57% of the company’s Class B shares. This gives him just over 53% of the voting power at the company.
Does Zuckerberg still Own Facebook?
There has been a lot of speculation over the past year about whether or not Mark Zuckerberg still owns Facebook. In September of 2018, a report from the Wall Street Journal claimed that Zuckerberg had quietly transferred shares of Facebook to a new holding company, which would make him less reliant on the social media platform for his fortune. However, Zuckerberg quickly denied these allegations, stating that he still owns the majority of Facebook shares.
So, who is telling the truth? In reality, it’s hard to say for sure. Zuckerberg has been known to be a very secretive individual, and he has a history of making cryptic statements that are difficult to interpret. However, there are a few pieces of evidence that suggest he is still in control of Facebook.
For one, Zuckerberg has not made any moves to sell his shares in the company. If he was really planning to divest himself from Facebook, he would almost certainly do so by now. Additionally, Zuckerberg has continued to make major decisions for Facebook, such as the acquisition of Instagram and WhatsApp. These moves suggest that he is still very involved in the day-to-day operations of the company.
So, does Zuckerberg still own Facebook? It’s hard to say for sure, but the evidence seems to suggest that he is still in control of the social media platform. Despite rumors to the contrary, it appears that Zuckerberg is not ready to give up his crown just yet.
Jeff Bezos is the founder, CEO, and largest shareholder of Amazon. He owns 16% of the company, or 83 million shares. That’s worth about $130 billion at the current stock price. He has also made large investments in Blue Origin, a space company, and The Washington Post.
Who actually owns Facebook?
Who actually owns Facebook?
This is a difficult question to answer, as Facebook is a complex company with many shareholders. However, the answer may surprise you – Facebook is not actually owned by any one person or organization.
Instead, Facebook is owned by all of its shareholders. This includes individuals and organizations who own Facebook shares, as well as the employees of Facebook.
This means that no one person or organization is in control of Facebook. Instead, the company is run by its board of directors, who are appointed by the shareholders.
This unique ownership structure is one of the reasons why Facebook has been so successful. It has allowed the company to grow and innovate without being controlled by any one individual or organization.
Apple Inc. is a publicly traded company with shareholders who own its stock. The company’s largest shareholder is Warren Buffett’s Berkshire Hathaway Inc., which owns more than 5% of Apple’s stock. Other major shareholders include BlackRock Inc. and Vanguard Group Inc.