Facebook

Thu Dec 19, 2013 12:07pm GMT

(Reuters) – Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares.

Facebook shares, which have doubled in value this year, were down 4 percent at $53.54 before the bell.

Zuckerberg’s sale will reduce his voting power to 56.1 percent from 58.8 percent, the company said in a filing on Thursday.

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