- Texas man arrested for powder-letter hoax
- Islamic State opens ‘marriage bureau’ for single jihadists
- Drone almost blocks California firefighting planes
- Tornado rips off roofs, downs trees near Boston
- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s gay marriage ban
- White House says Russia ‘losing’ war in Ukraine
- Hamas turns to North Korea for weapons deal, Iran for money
- Syrian casualties surge as jihadis consolidate
Recent transactions by major Facebook investors
Question of the Day
Major investors of public companies are required to disclose when they buy and sell stock. A few have done so for Facebook Inc., according to filings with the Securities and Exchange Commission:
_ Aug. 20: Disclosure that Peter Thiel, a member of Facebook's board, sold about 20 million shares at $19.27 to $20.69 each on Aug. 16 and 17. That amounted to nearly $400 million. Thiel is managing partner at The Founders Fund and a co-founder of PayPal. He had been subject to a lock-up period restricting sale of those shares until Aug. 16. As one of Facebook's initial investors, he first invested $500,000 in the company in 2004. He sold 16.8 million shares in the company's May initial public offering for about $640 million. With the most recent sales, Thiel has now sold most of his stake in the company.
_ Aug. 21: Disclosure that Facebook co-founder Dustin Moskovitz shed 450,000 shares on Aug. 17, 20 and 21 for $18.79 to $20.08 each. Proceeds came out to about $8.8 million. Moskovitz was CEO Mark Zuckerberg's Harvard roommate when they founded Facebook in 2004. He left Facebook in 2008 and started Asana, whose software helps manage projects. Moskovitz, who did not sell any stock in Facebook's IPO, still owns more than 133 million shares. Based on the filing, he could sell 7 million more shares he converted from Class B to Class A.
_ Aug. 24: Disclosure that Moskovitz sold another 450,000 shares for about $8.7 million. On Aug. 22, 23 and 24, he sold the shares for $19 to $19.73.
_ Aug. 29: Disclosure that Moskovitz sold another 450,000 shares for about $8.7 million. On Aug. 27, 28 and 29, he sold the shares for $19 to $19.49.
TWT Video Picks
By David Keene
Allowing states to innovate could reduce dependency on bureaucracy
- D.C. seeks to stay judge's order allowing gun owners to carry in public
- Hillary Clinton: Forget Obama, George W. Bush made her 'proud to be an American'
- Illegal immigrants demand representation in White House meetings
- Iraqi Christians rally at White House: 'Obama, Obama, where are you?'
- White House defends Kerry failure to broker Middle East cease-fire
- Border surge puts Obama legacy on immigration at stake
- Romney would win popular vote in rematch against Obama: CNN poll
- Tennessee Gov. Haslam slams White House for secret dump of illegals in his state
- White House says Russia 'losing' war in Ukraine
- Report: 40% of weapons sent to Afghanistan are unaccounted for
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq