Zuckerberg: Show Him the Money

It turns out the Zuckerberg-cashes-in “scoop” ain’t true.

Nice to see that Facebook’s Mark Zuckerberg has some serious walking around money after he
sold about $40-million worth of stock (or 0.8% of his total stake) during the last financing.

No doubt, some people will see the move as yet another reason to engage in some more Zuckerberg Bashin’ but it’s a smart move to take some money off the table if it’s there for the taking.

Of course, what does a 23-year-old exactly do with $40-million burning a hole in his pocket? For one, Boeing 767s seem to be all the rage these days among young, rich Silicon Valley entrepreneurs.

Technorati Tags: ,

This entry was posted in Web 2.0. Bookmark the permalink.
  • Mathew Ingram

    Apparently Valleywag got played — it’s not true.

  • Mark Evans