Items tagged with Dustin Moskovitz
It's a telling sign when the co-founder of a company can't offload his shares quick enough. That's sort of what's happening with Dustin Moskovitz, the billionaire Internet whiz kid not named Mark Zuckerberg. Like Zuckerberg, Moskovitz had a hand in founding Facebook, but unlike his cohort, Moskovitz is selling his shares at a steady clip. According to reports, he's been steadily offloading falling Facebook shares every day, having now sold 450,000 Class A stock for anywhere between $19.19 to $19.22 a pop. That's about half of Facebook's debut price of $38 back in May. To put the sales into perspective, Moskovitz still owns 6.15 million Class A shares, along with 106.8 million B shares. The latter,...
Read more...
