Moskovitz, who is still known by many as a co-founder of Facebook, started Asana in 2008 to make work more collaborative through software.
Following the purchase of 480,000 Asana shares in June, Moskovitz's ownership swelled to 111.4 million shares, representing over 51% of outstanding stock.
Even after rallying 66% this year, Asana shares are more than 80% below their record high from late 2021.
Moskovitz has agreed not to buy all outstanding Asana shares or even acquire ownership of 90% of the common stock.
Moskovitz declined to talk about whether he was buying up shares to prevent activist investors from coming in and trying to force change.
Persons:
Asana's Dustin Moskovitz, Moskovitz, Asana, It's, Cari, ChatGPT, it's, Mark Zuckerberg, Chris Hughes, Eduardo Saverin, Zuckerberg
Organizations:
Facebook, CNBC, Meta, Good Ventures, National Science Foundation, University of California, Harvard University, New York Stock Exchange
Locations:
Berkeley