*2

Mark Zuckerberg to sell $2.3bn worth of Facebook shares

Mark Zuckerberg, owner and founder of social networking site, Facebook has plans to sell share of his own business close to $2.3 billions. Mark is selling 41.35 millions dollars worth of shares. On Thursday Facebook represented the largest slice of the shares for $70 million to the public. Facebook’s shares closed on Wednesday at $55.57

Mark is still in control of his company, and still has 62.8% of Facebook. Before Mark Zuckerberg was at 65.2%, after he deicide to sale share for the first time. As he sold 30.3 million shares to the public for the first time last year, that’s was worth $1.1 billion. Mark Zuckerberg and Facebook have deicide to use the mostly of the proceeds to pay taxes he will increase in connection with his exercise of an option of purchasing a further 60 million class B shares. Class A – Commonly traded – one vote, Class B – 10 votes

The company itself will sell about 27m shares, worth about $1.5bn. "We do not currently have any specific uses of the net proceeds planned," Facebook said in a statement. "We may use a portion of the proceeds to us for acquisitions of complementary businesses, technologies or other assets."

I think that Facebook shouldn’t sell their share to the public, as it’s a risk for the business, as they could make a lost or gain money from doing this. So its up to Facebook to make the right and good decision for their business for the future, as they don’t want to loss any money for the future, as this could lead to them not making any money and mark Zuckerberg will have to sell his remaining shares in his own business, as he need to make and find new strategies and methods to make Facebook popular again, as it fell right behind social networking site, Twitter.