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Zuckerberg not to sell Facebook stock for one year to boost investor confidence

Last Updated: Wednesday, September 5, 2012 - 10:46

London: Facebook founder Mark Zuckerberg has said that he would not sell his stock in the company for at least the next 12 months in a bid to shore up investor confidence.

Zuckerberg`s announcement came as Facebook shares hit an all-time low of 17.55 dollars on Tuesday.

According to the BBC, there have speculations that as various lock-up periods, which stop sales by early investors, end, the stock may dip further.

Facebook shares rose nearly two percent in after-hours trading post the announcement, the report said.

According to the report, Zuckerberg owns about 444 million shares of Facebook plus an option to issue another 60 million.


First Published: Wednesday, September 5, 2012 - 10:46

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