{"id":43959,"date":"2013-08-11T08:51:27","date_gmt":"2013-08-11T06:51:27","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=43959"},"modified":"2013-08-11T08:54:43","modified_gmt":"2013-08-11T06:54:43","slug":"facebook-coo-sells-91-million-in-stock","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/43959\/facebook-coo-sells-91-million-in-stock\/","title":{"rendered":"Facebook COO sells $91 million in stock"},"content":{"rendered":"<p>The number two executive at social networking giant Facebook, Sheryl Sandberg, has sold $91 million of the company&#8217;s stock, according to US securities filings.<\/p>\n<p>Facebook shares sold at their initial public offering in May 2012 for $38, but soon after dropped in value. Only in the past days it has recovered and surpassed that value.<\/p>\n<p>The company shares closed Friday at $38.50.<\/p>\n<p>Sandberg still holds more than 25 million shares, representing approximately $1 billion, according to the filing, released late Friday.<\/p>\n<h3 class=\"my-4\">More on Facebook<\/h3>\n<p><a title=\"Facebook and Internet addiction\" href=\"http:\/\/businesstech.co.za\/news\/internet\/25271\/facebook-and-internet-addiction\/\"><strong>Facebook and Internet addiction<\/strong><\/a><\/p>\n<p><a title=\"Facebook hits 1 billion users\" href=\"http:\/\/businesstech.co.za\/news\/internet\/23651\/facebook-hits-1-billion-users\/\"><strong>Facebook hits 1 billion users<\/strong><\/a><\/p>\n<p><a title=\"Facebook is introducing hashtags\" href=\"http:\/\/mybroadband.co.za\/news\/internet\/80111-facebook-is-introducing-hashtags.html\"><strong>Facebook is introducing hashtags<\/strong><\/a><\/p>\n<p><a title=\"Facebook prunes ad options, simplifies marketing tools\" href=\"http:\/\/mybroadband.co.za\/news\/internet\/79695-facebook-prunes-ad-options-simplifies-marketing-tools.html\"><strong>Facebook prunes ad options, simplifies marketing tools<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number two executive at social networking giant Facebook, Sheryl Sandberg, has sold $91 million of the company&#8217;s stock, according to US securities filings.<\/p>\n","protected":false},"author":6,"featured_media":25769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[25,45,1353],"class_list":["post-43959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-facebook","tag-sheryl-sandberg"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/43959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=43959"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/43959\/revisions"}],"predecessor-version":[{"id":43960,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/43959\/revisions\/43960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/25769"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=43959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=43959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=43959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}