Facebook stopped the sale of shares - Uno newspaper

The owner of Facebook, Mark Zuckerberg, will not sell shares in the social network in the next twelve months. The announcement of the company, filed a document with the securities market Commission of the USA, coincides with the huge drop of actions that occurred Tuesday. The titles have reached a new historic low: U$ S 17,55 each, below the psychological barrier of $18.

Zuckerberg "has no intention of carrying out any transaction with our actions for at least twelve months", indicates the document. Data of the company in the Park Tuesday far from enough of U$ S 38 that the popular social network premiered a little more than three months ago.

Zuckerberg decision seeks to reduce the number of actions that are available in the market, and joins the announcement of two of its directors Marc Andreessen and Donald Graham, that only sell the necessary actions to deal with the payment of taxes.

Last month, Peter Thiel, one of Facebook's early investors, and one of their co-founders Dustin Moskovitz sold part of his holdings in the company.

Similarly, the social network has given announced its plans to repurchase 101 million shares, about 4% of that available, and that could be for sale as are expiring deadlines of restriction for their current employees.

In fact, advance the completion of this limit on November 14 to October 29. According to current prices, Facebook would spend close to us$ S1.900 million to maintain these actions out of the market.

Source: elmundo.es

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