According to a financial document filed with the Securities and Exchange Commission, Duffield owns more than 70.1 million shares, or nearly 44% of the 160.3 million outstanding shares following the initial public offering.
Billionaire Peter Thiel sold the majority of the remaining Facebook shares under his name last week according to a financial document filed Monday with the Securities and Exchange Commission.
But the main portion of the agreement dealt with finances and from the looks of it Tiffany very much wanted Peretti to stay, according to a document filed with the U.S. Securities and Exchange Commission.
While such may make for a good detective story, that should not be the standard of presentation for a formal regulatory document setting forth the circumstances on which an individual has been barred from the securities industry.
This document contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.