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Founder Mark Zuckerberg will also sell 30 million of his own personal shares as part of the IPO.
The social media company Facebook is expected to sell its stock publically sometime this month and would likely be valued by the stock market something like $100 billion. It could start officially selling stock on May 18th.
Mark Zuckerberg will follow a tradition of CEOs who earned just $1 a year. Sort of. Facebook isn’t struggling, so what’s his point?