FANG insiders may sell $5b in stock

Insiders at tech heavyweights led by Facebook Inc’s Mark Zuckerberg are selling stock at the fastest pace in six years, cashing in on buoyant equity markets. Senior executives and directors of Facebook, Amazon.com Inc, Netflix Inc and Google parent Alphabet Inc have disposed of $4.58 billion (Dh16.8 billion) of stock this year. They’re on track to exceed $5 billion for the first six months of 2018, the highest since Facebook went public in 2012.