Instant Alert: Marc Andreessen has sold nearly 75% of his Facebook stock in two weeks

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Marc Andreessen has sold nearly 75% of his Facebook stock in two weeks by Jillian D'Onfro on Nov 15, 2015, 2:46 PM Advertisement Marc Andreessen has sold a whopping proportion of his Facebook stock in the last two weeks, Re/code's Kurt Wagner points out based on SEC filings.  Andreessen's spree started on October 30 and has continued via a prearranged trading plan, amounting to a grand total of 1.5 million shares valued around $160 million.  That's more than 73% of Andreessen's ownership of the company, Wagner calculates.  Andreessen, a Facebook board member since 2008, mentored CEO Mark Zuckerberg back when Yahoo tried to buy the company for $1 billion in 2006. "Every single person involved in Facebook wanted Mark to take the Yahoo offer," Andreessen recently said in a New Yorker profile. "The psychological pressure they put on this 22-year-old was intense. Mark and I really bonded in that period, because I told him, 'Don't sell, don't sell, don't sell!'" As far as selling goes, Business Insider reached out to Andreessen via his firm Andreessen Horowitz for any explaination for his off-loading of Facebook stock.    SEE ALSO: Marissa Mayer may have spent $70K so top execs could dress up as 'Wizard of Oz' characters   Share the latest business news with your network: Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011