Facebook said Friday that it has priced the 70 million shares that the company and its insiders are selling through a secondary offering at $55.05. Facebook, itself, is selling a little more than 27 million shares, which means it will earn close to $1.5 billion through the sale.
The social network announced earlier this week that it would put the shares up for sale. In the offering, CEO and co-founder Mark Zuckerberg will sell 41.35 million of his own shares and make around $2.28 billion to cover his tax obligations. He is also giving 18 million … Read more