Mark Zuckerberg said today that even though his company is worth about 50% less than it was when it came out out on the stock market, he will not sell any of his shares for at least a year. This comes after several other important people at Facebook sold some of there shares. Facebook is now at $17.55 per share, a new all time low for Facebook. Zuckerberg owns 444 million shares of Facebook. He hopes this will provide some security to investers and bring the price of Facebook up.
I think this is good ethics by Mark Zuckerberg, because he is the most recognizable face of the company and he is the most powerful person at Facebook. If he did decide to sell, investers would have absolutely no confidence in him or the company and prices would go even lower. I learned that he did what he had to do to try and help his company even if it may have cost him in the long run depending on what happens to the stock prices
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