Exiting Facebook board member dumps $38 million in stock
Jim Breyer, the early Facebook investor who is leaving the company’s board, has dumped roughly $38 million worth of Facebook stock, according to a Securities and Exchange Commission filing published Monday.
Breyer is a venture capitalist whose firm, Accel Partners, was one of the social network’s first investors. The filing from Wednesday shows that he sold 1.3 million of his own shares, valued between $28.19 and $29.03. The amount is a drop in the bucket for Breyer, who is still hanging onto 7.8 million shares, which were worth roughly $223.6 million at the time of the filing.
Breyer…
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