The CEO of the American Internet company Meta Platforms Mark Zuckerberg sold the shares of the company for 428 million dollars in the last two months of last year. According to Business Insider, this is according to data for regulatory authorities. Zuckerberg disposed of Meta shares for the first time in two years, benefiting from their growth. These shares have rallied 194 percent in the past year and are trading near their highs.
For the first time since 2021
The founder of Meta, which was formerly called Facebook, started selling shares on November 1 and sold shares every day from then until the end of the year. In total, Zuckerberg disposed of 1.28 million shares. It is the first time since November 2021 that he has reduced his stake in the company. The Meta Platforms group includes the social network Facebook, Instagram or the chat application WhatsApp. Zuckerberg is currently the seventh richest person in the world.
Second
Meta did well last year. Zuckerberg cut costs, while the wave surrounding artificial intelligence (AI) encouraged investors’ interest in large technology companies. Meta’s stock was the second-best performer in the S&P 500 last year, surpassed only by chipmaker Nvidia.
Zuckerberg still owns approximately 13 percent of the stock in Meta. The value of his stake in the middle of this week was almost 116 billion dollars. His personal wealth grew by $80 billion to $128 billion last year thanks to a surge in Meta’s stock price, according to the Bloomberg Billionaires Index.
source: ÄŒTK
