Facebook Chief Operating Officer Sheryl Sandberg, author of the book “Lean In,” has sold 109,000 company shares following sales of similar amounts in recent weeks. Chief Technology Officer Mike Schroepfer has sold 20,000 company shares.
Director Jan Koum, a co-founder of WhatsApp — which Facebook now owns — has sold 1.4 million company shares.
After Apple dodged what was likely to be a contentious legal battle with wide-ranging privacy implications, WhatsApp said this week that it made all of its users’ correspondence end-to-end encrypted.
Facebook is down 4.6% for the week, but is still near a buy point.