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Sandberg sells $US100m of Facebook stock

AAP/ AFR | Aug. 12, 2013
Sheryl Sandberg has sold $US91 million worth of the company's stock, according to US securities filings.

Sandberg sells $US100m of Facebook stock
Photo: Bloomberg

The number two executive at social networking giant Facebook, Sheryl Sandberg, has sold $US91 million ($A100.51 million) worth of the company's stock, according to US securities filings.

Facebook shares sold at their initial public offering May 2012 for $US38 but soon after dropped in value.

Only in past days has it recovered and surpassed that value.

The company shares closed on Friday at $US38.50.

 

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