Zuckerberg Sells $40 Million of Stock

Owen Thomas is reporting that Mark Zuckerberg sold $40 million worth of stock when the company accepted an investment from Microsoft. That’s not a bad position to be in just in case the company goes belly-up! One has to wonder if Facebook will lose any motivation with $40 million in the bank. Perhaps in addition to cashing out a little, Zuckerberg will hire a CEO who can manage the company on a daily basis. Steve Jobs left Apple before later deciding to return so it’s not that unlikely of a situation.