Zuckerberg Sells Facebook Stock For Charity Just Before Satellite Explosion, But Musk Most Hurt

Mark Melin

Published onSeptember 2, 2016

Updated on May 14, 2021

Mark Zuckerberg is a giving kind of guy with Facebook Inc (NASDAQ:FB) stock. On the day Facebook’s satellite exploded while in the care of Elon Musk’s SpaceX, now a division of electric car manufacturer Tesla, Facebook stock was active. Thursday we learned the Zuckerberg and his wife, Priscilla Chan, sold $95 million in Facebook Inc (NASDAQ:FB) stock to benefit charity just days before the disaster. That might be good trade timing except it was Musk’s net worth that dropped the most after the event, not impacting Zuckerberg much at all.

SpaceX Rocket Explosion FB — Image source: USLaunchReport - YouTube Video Screenshot

Zuckerberg had a dream: putting...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Zuckerberg Sells Facebook Stock For Charity Just Before Satellite Explosion, But Musk Most Hurt

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