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Sunday, August 11, 2013

Sheryl Sandberg Cashes Out $91 Mn - How much was your share in that?

43 year-old Sheryl Sandberg has served as the Chief Operating Officer of Facebook and is Number 2 executive after Mark, the founder. The moment Facebook crossed the IPO price of $38 per share, Sheryl cashed it out for a whooping $91 Mn.

Currently Facebook is trading at $38.50.

Well, thats the news. But whats in it for you? You have actually got a share in her earnings. The number of posts you have made, the likes you clicked and the ads you've seen are all responsible for her earnings. It was a life-saving event for Mark Zukerberg as Facebook was not doing well on stock market after its much-hyped IPO.

Sheryl became a billionaire after selling part of facebook stocks she had. Yes, she still holds around 25 million shares worth about $1 bn according to US Security Filings.





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