70m Facebook shares to be sold

Press Association
Facebook-Mobile
Facebook-Mobile

Facebook and chairman and chief executive Mark Zuckerberg are selling a combined 70 million shares of Class A stock as the social media company prepares to join the Standard & Poor's 500 index.

The offering includes more than 41 million shares from Mr Zuckerberg, who will also buy Class B shares that carry more voting weight.
%VIRTUAL-SkimlinksPromo%