Sure, according to cnbc they say they want to change the
world. But they also want to preserve their wealth. The freshly minted tech millionaires and
billionaires of Silicon Valley, including those benefitting from Facebook’s
initial public offering today, are selling stock earlier and in larger numbers
than previous generations of tech tycoons.
The sales are aimed at helping the new generation of tech
insiders avoid the wealth destruction of the dot-com bust in the late 1990s,
when many holders saw their fortunes vanish with the market crash.
Facebook CEO and Founder Mark Zuckerberg is selling shares
worth more than $1 billion, though his stake in the company will still be worth
more than $19 billion. ….
Find out more at http://www.cnbc.com/id/47476718
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