IPO

3 articles

Zuckerberg Sold 30.2 Million Facebook Shares — Mostly to Pay the Tax Man

Mark Zuckerberg cashed out 30.2 million Facebook shares in the May 2012 IPO — about $1.15 billion, most of it earmarked for the tax bill on his stock options.

By Thoughtful India Staff|May 22, 2012|1 min read

Business

Facebook Shares Plummet on Day 2

After a flat debut, Facebook's stock fell 11% on its second day of trading in May 2012 — and Wall Street's verdict on the bungled IPO was blunt.

May 21, 2012 · 1 min read

Business

Drudge: 'Fakebook' — Facebook's IPO Gives No Return on Day One

Facebook's $16 billion IPO debuted in May 2012 to Nasdaq glitches and a flat close at $38.23 — and the Drudge Report's verdict was brutal: 'IPO gives no

May 19, 2012 · 1 min read