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.

ANI



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

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