Facebook’s Stock bump has helped COO Sheryl Sandberg to move up in terms of monetary status, the stock bump changed her rank to $91 million this week as she cashed in 2.37 million shares about 5% with face value from $37.79 to $38.78 on Wednesday. Sandberg has been periodically offloading her shares since the company went public.
Facebook’s stock price is steadily on rise since last week and finally hit its IPO price of $38 a share on July 31 and brought in $1.813 billion in revenue last quarter. This week, Facebook also made a new recruitment of first Chief Marketing Officer.