Mark Zuckerberg's Stake in Facebook Reduced to Less Than 20%

Mark Zuckerberg's stake in Facebook has been reduced to just under 20%, according to an SEC filing on Friday.

Zuckerberg, the company's cofounder and CEO, now owns 478.9 million shares of Facebook, or 19.6% of all shares. One year ago, Zuckerberg's stake in the company was nearly 30%

In December, Zuckerberg sold $2.3 billion worth of Facebook, largely to pay his tax bills for options that he exercised

Zuckerberg famously pledged in September 2012 not to sell any shares of Facebook for at least a year, a move that was intended to show his confidence in the stock at a time when it had hit a new low. A few months later, he actually increased his stake in the company to 29.3% from 28.2% on the day of the IPO. Read more...