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Thursday, 30 August 2012 - Facebook co-founder Moskovitz sells more shares |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Breakingviews Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Obama tells voters to watch Republicans, but he's not 29 Aug 2012 Isaac moves north after drenching U.S. Gulf, New Orleans | 2:32am EDT Samsung steals march on Nokia with first Windows phone 29 Aug 2012 Rice brings foreign policy clout to Republican convention | 3:13am EDT Five Australian soldiers killed in Afghan incidents 2:38am EDT Discussed 138 Obama’s lead over Romney grows despite voters’ pessimism 122 Romney to announce vice presidential choice Saturday 94 Analysis: Are Israelis tough enough for a long war with Iran? Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  Burning Man Strange sights at the Burning Man 2012 arts and music festival in the Black Rock Desert of Nevada.   Slideshow  Syria's indoor war Members of the Free Syrian Army often wage their battle from inside abandoned homes.  Slideshow  Facebook co-founder Moskovitz sells more shares Tweet Share this Email Print Related News Yelp soars in biggest one-day gain as lockup ends Wed, Aug 29 2012 SEC reviews 'quiet period' IPO rule after Facebook mess Mon, Aug 27 2012 Facebook co-founder Moskovitz sold stock post lockup Fri, Aug 24 2012 Wall Street slips after S&P 500 hits four-year high Tue, Aug 21 2012 Breakingviews: Peter Thiel's sale encapsulates Facebook folly Tue, Aug 21 2012 Analysis & Opinion Questions for Ryan, working for welfare, updates on Olbermann and Facebook Facebook’s market meltdown is far from over Related Topics Tech » Media » Facebook » In this photo illustration, a Facebook logo on a computer screen is seen through a magnifying glass held by a woman in Bern May 19, 2012. Picture taken May 19, 2012. Credit: Reuters/Thomas Hodel SAN FRANCISCO | Wed Aug 29, 2012 8:54pm EDT SAN FRANCISCO (Reuters) - Facebook co-founder Dustin Moskovitz is selling yet more shares in the one-time consumer-Internet darling, keeping up a steady but small flow of daily sales, according to a filing. This week, Moskovitz has sold a total of 450,000 Class A shares at prices ranging from $19.19 to $19.22 a share, reducing the Facebook stake of his Dustin A. Moskovitz Trust to 6.15 million A shares, a filing with the Securities and Exchange Commission showed. His Dustin A. Moskovitz Trust also owns 106.8 million B shares, which can be converted to Class A shares on a one-to-one basis at any time. Class B shares carry more voting power. Moskovitz has been selling shares at the rate of 150,000 a day since August 19, the first day since Facebook's initial public offering that certain insiders were allowed to sell shares. Facebook's IPO has been one of the most troubled in recent memory, with the shares debuting in May at $38 but quickly falling. On Wednesday, shares in the social network were trading around $19, beset by concerns over issues ranging from its mobile strategy to its slowing growth. Moskovitz, a roommate of Facebook chief Mark Zuckerberg's at Harvard University, left the company in late 2009 to work on his own start-up, workplace software-service Asana. Several Facebook insiders, including early backer Peter Thiel, have been selling shares at a rapid clip. Thiel, who sits on Facebook's board, sold 20 million shares earlier this month. (Reporting by Sarah McBride; Editing by Chris Gallagher) Tech Media Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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