It’s going to be a very merry Christmas at the Zuckerberg mansion by the sounds of it
Mark Zuckerberg has decided that he wants access to some of the sweet, sweet cash that he’s been working hard for all these years and that his lovely cash cow Facebook seems to be churning out, and while we initially thought that he’d be trowing the money in the pot for a few new plain black hoodies, he seems to have opted to take the money out for a different reason.
The sale of his 41.4 million shares (worth about $2.3 billion) is to pay a tax bill, and will reduce his voting power signficantly from a powerful 58.8% to a measly 56.1%. The hashtag #firstworldproblems comes to mind.
Anyway, the taxes relate to the purchases of a different class of Facebook share, whereas Zuckerberg will be selling Class A, he will use them to pay the taxes on the purchase of Class B shares, according to Reuters. We’re just a simple hyperchicken from a backwater asteroid, so we have no idea what that means. Money?
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