Zuckerberg: Show Him the Money

By Mark Evans | Published: December 8, 2007

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.

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2 Comments

  1. Mathew Ingram
    Posted December 8, 2007 at 6:14 pm | Permalink

    Apparently Valleywag got played — it’s not true.

    Reply
  2. Mark Evans
    Posted December 8, 2007 at 6:43 pm | Permalink

    Thanks.

    Reply

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