ZUCKERBERG TO SELL FACEBOOK SHARES

Mark Zuckerberg, Facebook’s founder has laid out plans to sell shares in Facebook worth around $2.3bn. 

The current voting power Mark Zuckerberg has within his company is around 60% and after the sale of 41.5 million shares will reduce his voting power in the company by 4%.

Facebook says Mr Zuckerberg will use the $2.3bn raised from the sale of shares to pay taxes, and fund development for diversification of his assets.

Facebook shares are currently trading at around $55, which is a rise of almost 46% since they first started selling shares on Facebook.

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