Sheryl Sandberg sells $91m worth of Facebook shares
Sheryl Sandberg has sold 2.4m shares in Facebook, worth $91m (£51m).
The sale represents just five per cent of her total holdings in Facebook - the total value of her shares remains more than $1.5bn - and was made without her knowledge of the timing, under a pre-arranged plan used by executives to avoid accusations of insider trading.
The chief operating officer sold £50m worth of stock in December.
It comes following a successful second quarter for Facebook, with the latest financial report stating that it generated $655.6m from mobile ads, 41 per cent of its total revenue. The report resulted in a leap in share price, taking it past its $38 IPO for the first time since going public 14 months ago.