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CNBC Squawk Box September 5, 2012



headlines, andrew. let s talk facebook. it s promising not to sell stock to cover a $2 billion tax bill. it says it will cover that with existing cash and borrowing from credit facilities. as a result of the move, total outstanding shares will be reduced by 1.5 million shares. the company spinning it as a equivalent of buy back. the company disclosing rank and file employees can start selling stock they own starting on october 29th. that is the big day. and then a couple of other dates that will come after that. ceo mark zuckerberg, as joe was saying earlier, saying he won t be selling stock in the company for at least the next 12 months. you probably i would hope it goes up. you can only hope at this point. by the way, one other comment. i thought when the ipo first happened that he had said or people close to facebook were saying that he wasn t planning on ever selling his shares anyway, so doesn t want to dilute the stake. it is what it is. you ment ....

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