- "We will give 99% of our Facebook (NASDAQ:FB) shares -- currently about $45 billion -- during our lives to join many others in improving this world for the next generation," says Mark Zuckerberg in a post announcing the birth of his daughter. "We'll share more details in the coming months once we settle into our new family rhythm and return from our maternity and paternity leaves."
- For those worried a major liquidation is imminent, Facebook states Zuck, currently 31, won't gift more than $1B/year for the next three years, and plans to keep his majority voting position (made possible by a dual-class share structure) for the "foreseeable future." The Facebook co-founder/CEO owns 419M Class B shares and 4M Class A shares.
- The announcement follows a trading day in which Facebook rose 2.7% amid a 0.9% Nasdaq gain, raising its market cap to $303B. An upbeat Barclays note may have helped.
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Last month: Andreessen sells 73% of Facebook stake