In an SEC filing late today, Facebook said that founder and CEO Mark Zuckerberg "has no intention to conduct any sale transactions... for at least 12 months."
This comes as Facebook's stock today fell once again, closing down 1.8 percent to a record low of $17.73. That's more than 54 percent off its mid-May IPO price of $38.
Just after the IPO, Zuckerberg sold about $1.1 billion worth of stock, a move the company said was to cover his tax bills. Zuckerberg still holds 504 million Class B shares (those are the ones … Read more