New York - The number two executive at social networking giant Facebook, Sheryl Sandberg, has sold $91-million of the company's stock, according to US securities filings.
Facebook shares sold at their initial public offering in May 2012 for $38 (about R340), but soon after dropped in value. Only in the past days it has recovered and surpassed that value.
Sandberg still holds more than 25 million shares, representing approximately $1-billion, according to the filing, released late Friday. - Sapa-AFP