Mark Zuckerberg halts Facebook stock sale as value plummets over privacy scandals

Mark Zuckerberg halts Facebook stock sale as value plummets over privacy scandals
Mark Zuckerberg and a like-minded friend

[Ed- The system works!]

Billionaire Mark Zuckerberg has halted the sale of his Facebook stock after the company’s value collapsed last year.

The controversial 34-year-old has seen his company fall from grace, and failed to sell a single share in the last three months of 2018.

Back in September 2017, Zuck promised to flog between 35 million and 75 million of his Facebook shares over 18 months.

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It was part of a promise to give away most of his fortune, which requires converting stocks to hard cash.

Since then, he’s sold about 30.4 million shares worth roughly $5.6 billion (£4.4 billion).

But Bloomberg says that the Facebook CEO has stopped selling shares after 2018 saw Facebook’s worth plummet.

2018 saw the ashen-faced CEO appear before US Congress for questioning over Facebook’s dodgy privacy antics

In just a few days in December, Facebook’s stock price slumped by nearly $10 billion (£7.4 billion) after sealed court documents about the firm were released to the public.

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