Zuckerberg has started cashing out of Facebook in a big way

Zuckerberg has started cashing out of Facebook in a big way. While he did sell some stock in the IPO he only really sold enough to cover his personal tax bill; in this deal, however, he's selling 41,350,000 shares - significantly more than the amount he would need to sell to cover the taxes on his latest options grant. And by significantly I mean one billion dollars net after taxes. That billion dollars in cash is over and above the other billion dollars he's giving to charity in the form of Facebook stock, which will have the pleasant side effect of reducing his annual taxable income by exactly the same amount. Interestingly, Zuckerberg's control of the company is greater now than it was before the IPO: back then he controlled 56.9% of the total voting power in Facebook, while after this deal he's going to control 62.8%. (VIEW LINK)