Mark Zuckerberg Now Owns Nearly 30% of Facebook

While many on Wall Street remain skeptical about Facebook, CEO and co-founder Mark Zuckerberg continues to up his stake in the company.

Zuckerberg now owns more than 632 million shares of Facebook stock, giving him a 29.3% stake in the social network, according to an SEC filing released on Wednesday. That's up from the 504 million shares he owned on the day of Facebook's IPO -- after he sold off some 30 million shares to cover taxes -- giving him a 28.2% stake in the company.

In the first few months after the IPO in May, Facebook's stock price dropped by more than half from $38 a share to as low as $17.55 in early September. Right around that time, Zuckerberg gave the stock a boost by…
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