Some news out of Facebook tonight.
Mark Zuckerberg has committed to not selling any shares for the next year in a filing with the SEC.
Facebook board members Marc Andreessen and Donald Graham will be selling some Facebook shares, but only to cover a tax bill.
Facebook’s stock has been battered since the IPO, so any news about selling, buying, or standing still is a big deal.
In this case, it looks like good news because big insiders are going to sit on the stock.
One other piece of news in the filing: Facebook is accelerating the lock-up period. Employees will be able to sell shares starting October 29 as opposed to November 14.
Facebook’s stock is up 2% in the after market on the news.
Via: Business Insider
More: digitaltrends.com, BBC, AllThingsD, CNET, VentureBeat and Forbes
The crypto Exchange Traded Fund (ETF) landscape has changed completely in the last year or…
The Tech Panda takes a look at how India has been tying up with business…
Security in today’s world goes far beyond locked doors, as risks become more dynamic, ranging…
The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems…
As pet owners seek better ways to care for their pets, the pet industry is…
The Tech Panda takes a look at the investment temperament in the Indian startup ecosystem.…
![](data:image/svg+xml;charset=utf-8,<svg height="400px" width="600px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)