Facebook’s chief operating officer Sheryl Sandberg has sold over 2.25 million shares in the firm, netting her a cool $91m in the process.
The trade was carried out on 8 August, just a few days after the stock finally returned to its launch price of $38 per share after a disastrous launch that saw the price fall to half its initial value.
The botched IPO in May 2012 led to a rush of legal action against the firm, with many angry that information had been allegedly passed to financial organisations ahead of the flotation.
However, despite the problems the firm has managed to grow its stock price, eventually reaching its launch amount of $38 last week, no doubt promoting Sandberg to cash in while things are rosy. She still retains a huge share holding in the company of around 14 million shares, worth around $700m.
Sandberg is currently on the company's board of directors, the first woman to hold a board position at the company. Sandberg has previous experience directing companies through her position on the board of the Walt Disney Company.
Facebook has managed to turn around its fortunes in recent months by demonstrating it is able to make significant money from advertising on mobile platforms, something investors had initially been skeptical of.
The firm has also launched several new offerings for users this year, such as its Home skin for Android phones and the Social Graph search function, although neither has proved that popular with users. Facebook has also updated its News Feed function to try and boost popular posts.
However, the social network has also been hit by issues, such as the revelation that data on some six million users was left exposed by a flaw in its system.
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