Zuckerberg sold big stocks. Did he know what was coming?

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Just like his team. He / she is in compliance with the law.

Leading representatives of the world's largest social network got rid of their own Facebook actions in the last quarter. They have been sold nearly three times in the last three months of last year, recalled the CNBC channel by referring to InsiderScore.com data

between April and June 2018, they sold up to 39%. to 13.8 million shares, or 5.3 million more than in the previous quarter. The theme draws particular attention to the historic fall network shares occurred after the announcement of the results of the second quarter of this year.

US laws prohibit the sale of shares on the basis of non-public professional information (known as "Cambridge Analytica" ) or stricter legislation regarding data protection in Europe. "Insider's offense"). However, as CNBC points out, although the timing of sales was apparently perfect, everything was done in accordance with SEC 10b5-1, which covers sales cases that could be influenced by "behind the scenes" knowledge. They returned to the breakthroughs of April and May. "Title =" Facebook's actions have fallen sharply. They returned to the values ​​of April and May. | Živé.sk «/>

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Facebook's shares have fallen sharply. They returned to the values ​​of April and May.

Source: Editorial, Google, NASDAQ

The rule allows you to plan the sale of shares in advance. If the manager subsequently obtains information that could have a potential impact on his business decisions, he may "agree" that he wanted to sell the stock anyway – no matter what he had learned between- time

At the same time, as a rule under certain circumstances to abuse. Share owners can be assigned only when there is real sale. They can plan in advance, and if they do not get any negative message, they can be canceled without restrictions.

In this case, however, it must be said that the decline in Facebook's share prices has not been unexpected. In the long run, it was assumed that the impact of the Cambridge Analytica case and other factors would be reflected in the second quarter results of 2018.

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CNBC specifically named these network representatives and the number of shares (converted into US dollars) that they sold:

• Sheryl Sandberg 9 , $ 89 million
• Christopher Cox FB Product Manager – 2 mil.
• Colin Stretch FB lawyer – 157 thousand dollars (1965 thousand)

However, network operators accounted for only a fraction of total sales. Above all, Mark Zuckerberg, on his own, was active. It fell to 13 million shares – about 95% of the total number of shares sold in the last quarter

This is double compared to the first quarter of 2018. It should be remembered that the founder from Facebook advised even in 2015 – birth of his first child – that he distributes 99% of the shares of the network through his own initiative Chan Zuckerberg.

CNBC also pointed out that Zuckerberg had planned in September to sell up to six billion dollars (5.16 billion euros). Planned for a period of 18 months and using them just to finance their foundation.

_{(1 EUR = 1.1625 USD)}