Facebook COO Sandberg Sells $26.2M in Stock
Company's been doing much better in market
By John Johnson, Newser Staff
Posted Dec 8, 2012 4:15 PM CST
Facebook Chief Operating Officer Sheryl Sandberg in a file photo.   (AP Photo/Keystone, Laurent Gillieron, File)

(Newser) – Facebook Chief Operating Officer Sheryl Sandberg got a lot richer yesterday: She sold $26.2 million worth of company stock, reports Forbes. Sandberg sold about 950,000 shares, according to her SEC filing, taking advantage of the company's improved performance in the market. Facebook stock rose to $27.49 yesterday, an increase of 40% since early November, reports CNET. The site chalks it up in part to the market's embrace of the company's "we're-all-about-mobile message."

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Comments
Showing 3 of 6 comments
right2dave
Dec 9, 2012 10:16 AM CST
Smart move. Facebook will will soon be another internet memory.
thenet95
Dec 9, 2012 1:18 AM CST
Facebook stocks will go down again...
gomer99
Dec 8, 2012 7:35 PM CST
....censored again...... The PC witches have taken over newser