You are here: Home - Investing -

Zuckerberg moves to prop up Facebook share price

0
Written by:
05/09/2012
Facebook founder Mark Zuckerberg has said he will not sell any of his shares in the company for at least a year in a move to boost investor confidence, after shares in the social networking giant sank to a new low.
Zuckerberg moves to prop up Facebook share price

Zuckerberg, who owns about 444 million shares of Facebook plus an option to issue another 60 million, said he would not be selling any of his stake within the next twelve months.

Zuckerberg’s plans were announced as Facebook shares crashed to an all-time low of $17.55 yesterday, amid concerns the lock-up periods which prevented early backers from selling their shares may soon push down the share price further.

Facebook shares rose nearly 2% in after-hours trading after the announcement, but have fallen over 50% since the company went public in May this year.

The shares were valued at just over $38 when the company listed and have steadily fallen since then.

Peter Thiel, a venture capitalist and one of Facebook’s earliest backers sold 20.1 million shares last month according to reports, cashing in most of his stake in the firm, after the first lock-up period ended.

Analysts and investors have been concerned about the firm’s ability to generate revenue from users, with particular fears about how to target users who access it through mobiles.

The decreased screen space on these devices means it is difficult to place adverts.

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
2202981-prudential-app
One in six workers ‘lost track’ of pension pot

A sixth of workers have lost track of a company pension fund after moving jobs and the vast majority have...

Close