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Who is Mark Zuckerberg?
According to The Wall Street Journal, Mark Zuckerberg, cofounder and CEO of Facebook, will probably make a profit of about $1 billion from his first stock sale since Facebook Inc.’s initial public offering. This is part of a complex transaction in which Zuckerberg also plans to donate stock valued at roughly $1 billion to a charity.
Facebook intended to raise nearly $1.5 billion by selling 27 million additional shares to meet the demand from investors after the social network became part of Standard & Poor’s 500-stock index after trading on December 20, 2013.
According to reports, Facebook, Zuckerberg and director Mark Andreessen, planned to sell 70 million shares valued at about $3.85 billion.
According to the company, Zuckerberg intends to exercise options on 60 million Class B shares. He intends to sell 41.35 million of those as Class A, using most of the proceeds to pay taxes connected to the exercise of his options.
Following the offering, Zuckerberg will control 62.8% of Facebook’s voting rights, down from 65.2% as he owns super-voting shares.
Who is Mark Zuckerberg?
According to the article, Mark Zuckerberg plans to donate $1 billion to which of the following organizations?
According to the article, Facebook, Mark Zuckerberg and Mark Andreessen planned to sell 70 million shares valued at
This is part of a complex transaction in which Zuckerberg also plans to donate stock valued at roughly $1 billion to a charity.
In this sentence, what does donate refer to?
Facebook intended to raise nearly $1.5 billion by selling 27 million additional shares to meet the demand from investors after the social network became part of Standard & Poor’s 500-stock index after trading on December 20, 2013.
In this sentence, what does intended mean?
Based on the information in the article, what do you think Zuckerberg intends to do with the 60 million Class B shares?
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