Business

Zuckerberg to offload Facebook shares worth $2.3B

Mark Zuckerberg is planning to “unfriend” 41 million shares of Facebook, netting the chairman and CEO about $2.3 billion, according to a company filing.

The company has filed to have a secondary offering of 70 million Class A shares with 27 million coming shares from Facebook.

The remainder of stock will come from other large shareholders.

Facebook shares were down as much as 4 percent in the premarket.

The company said it plans to use the proceeds for working capital and “other general corporate purposes.”

Facebook shares closed at $55.57 on Wednesday