Marc Andreessen, the co-founder of the VC firm Andreessen Horowitz, is also a major shareholder and board member at Facebook. He has disclosed in an SEC filing that he has sold over 2.3 million shares of Facebook at prices that range from $22.85 to $23.83 per share. This adds up to around $54.1 million.
Donald Graham Posts
The Washington Post has announced that they are exploring the possibility of selling Newsweek Magazine. Newsweek has been losing money and The Washington Post chairman Donald Graham said that the magazine might be a better fit elsewhere. The Washington Post hired Allen & Company to help find a buyer. Newsweek launched in 1933 and was acquired by The Washington Post in 1961. [BBC]