Zuckerberg to Sell Up to 75M Facebook Shares

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Mark Zuckerberg says he's sticking with his plan to eventually sell 99% of his shares in Facebook—and he's starting with up to 75 million shares, which is almost a fifth of his stake in the company. In a post on, of course, Facebook, Zuckerberg explains that he has dropped his controversial plan to create non-voting shares in the company because his shares have become so valuable that he can sell enough to fund his philanthropy and "retain voting control of Facebook for 20 years or more," TechCrunch reports. 

Facebook "was not originally founded to be a company, but to accomplish a social mission," he says. The stock has soared to more than $170 a share, meaning Zuckerberg's sell-off could raise up to $12.8 billion.

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