Some news out of Facebook tonight.
Mark Zuckerberg has committed to not selling any shares for the next year in a filing with the SEC.
Facebook board members Marc Andreessen and Donald Graham will be selling some Facebook shares, but only to cover a tax bill.
Facebook’s stock has been battered since the IPO, so any news about selling, buying, or standing still is a big deal.
In this case, it looks like good news because big insiders are going to sit on the stock.
One other piece of news in the filing: Facebook is accelerating the lock-up period. Employees will be able to sell shares starting October 29 as opposed to November 14.
Facebook’s stock is up 2% in the after market on the news.
Via: Business Insider
More: digitaltrends.com, BBC, AllThingsD, CNET, VentureBeat and Forbes
The ability for AI to spread misinformation has been reaching hair-raising lengths, another and possibly…
Artificial Intelligence is everywhere now. It’s safe to say that organizations have either fully adopted…
With the rise of advanced AI models such as Grok AI developed by Elon Musk's…
The Tech Panda takes a look at recently launched gadgets & apps in the market.…
With the modern-day competitive business world, customers' engagement stands on the top agenda of every…
In a significant move to modernize airbase operations, the Indian Air Force (IAF) is going…