View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
August 12, 2013

Facebook COO sells $91m of stock

Sheryl Sandberg still owns over 25 million shares in the company valued at $1bn

By CBR Staff Writer

Facebook COO Sheryl Sandberg has sold $91m of the company’s stock.

Sandberg sold about 2.4m shares of the social network’s stock at an average price of $38 per share, according to a regulatory filing to the US Securities and Exchange Commission (SEC).

Despite this, Sandberg, who has sold small amount of stocks in Facebook recently, still owns over 25m shares in the company, valued at $1bn.

In November 2012, she sold more than 350,000 shares of Facebook stock valued at $7.4m.

Last year, Facebook revealed in a filing to the SEC that the social network’s CEO will not be selling his Facebook stock for at least a year.

Earlier this year, Facebook announced further capital investments of $1.6bn as it seeks to bolster its infrastructure.

Facebook reported a 53% increase in its second quarter revenue to $1.81bn, compared with $1.18bn it reported during the second quarter of 2012.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

The company’s daily active users were 699 million on average in Q2, a year-over-year rise of 27% while monthly active users reached 1.15 billion in the quarter, recording a growth of 21%.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.