Mark Zuckerberg's stake in Facebook has climbed to nearly 30 percent
since the leading social network made its dismal stock market debut,
according to a filing Wednesday with US regulators.
632.65 million Facebook shares as compared with the slightly more than
500 million he held in September when the stock's sagging price prompted
a promise he would not sell any for at least a year.
sold about 30 million shares when the Menlo Park, California-based
social network made its stock market debut in May at an opening price of
Shares slid to a low of $17.55 in September but have
regained ground, trading at $28.04 at the close of trading on the Nasdaq
exchange on Wednesday.
Securities and Exchange Commission filings
show Zuckerberg has been building his stake Facebook, the potential of
which he contends is underestimated by the market.
One SEC filing
showed that Zuckerberg acquired 18 million Facebook shares in
mid-December at a price of zero, indicating they were tied to his
compensation as chief of the social network.