shares
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Elon Musk Sells Billions More in Tesla Stock, Continues to Break a Broken Promise
Tesla CEO Elon Musk has reportedly sold off another $US3.58 ($5) billion of the automaker’s stock. That brings the total amount of stock he sold since late last year to right around $US40 ($56) billion. That $US3.58 ($5) billion comes out to about 22 million shares.
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Why Facebook Investors Ignored The Signs Of Its Doomed IPO
During the build up to Facebook’s initial public offering last month, there were plenty of clues to suggest that it wouldn’t make small investors any money. But that didn’t stop them flocking to the deal, in turn wasting their money. Why is that?
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Facebook Will Offer Up 50 Million More Shares Than Expected
Facebook has announced that it will be selling an extra 50.6 million shares, at a price likely to fall between $US34 and $US38 per share, reports TechCrunch. That should snag them at least another $US13.1 billion — and probably push their final valuation north of the expected $US100 million.
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Zuckerberg Buys Facebook Control, $100 A Time
Now Facebook’s IPO is filed, soon anybody will be able to buy a piece of a Facebook. But going public won’t stop Zuckerberg having control — especially given that he buys out the voting rights of current shareholders, $US100 at a time.