Zuckerberg Sold Nearly Half a Billion Dollars of Meta Stock In Last Two Months
![]() 1889 Thursday, 04 January, 2024, 22:36 Mark Zuckerberg sold nearly half a billion dollars of Meta Platforms Inc. shares in the final two months of 2023 after a two-year hiatus in which the company’s stock price hit its lowest in seven years. The Meta chief executive sold shares on every trading day between Nov. 1 and the end of the year, unloading nearly 1.28 million shares for about $428 million, according to a Tuesday regulatory filing. On average, each sale took in $10.4 million, with the largest on Dec. 28 at $17.1 million. Before this period, Zuckerberg had not sold Meta shares since November 2021. The company’s share price rebounded 194% last year from a seven-year low near the end of 2022. Meta shares outperformed those of every other major tech giant except Nvidia Corp. last year and is now near its September 2021 record high. Zuckerberg, 39, owns about 13% of Meta and has a net worth of about $125 billion, according to the Bloomberg Billionaires Index, making him the seventh-richest person in the world. Zuckerberg primarily sells Meta shares to fund philanthropic initiatives, according to company spokesperson. He has pledged to give away 99% of his stake to charitable purposes. Marc Benioff, Zuckerberg’s peer in the tech world, also sold shares nearly every day in the second half of 2023. The Salesforce Inc. co-founder unloaded more than $475 million worth of shares during the period, selling about 15,000 shares — about $3 million — every day. |
A hedgehog prevented a plane from taking off at an airfield in Germany
196Yesterday, 19:54«Armenians let’s protect Armenia and lead the world to a truly peaceful COP29». Luis Moreno Ocampo
38306.09.2024, 00:06Durov banned from leaving France until March 2025
53305.09.2024, 23:12Lithuania has installed anti-tank "dragon's teeth" on the bridge connecting the territory of the republic with Russia
59405.09.2024, 20:54The RA Ministry of Defense denies the Azerbaijani disinformation
60904.09.2024, 22:36Media reveals how many IRIS-T systems were supplied to Ukraine by Germany
56204.09.2024, 20:06US seizes Venezuela President Nicolas Maduro’s airplane in the Dominican Republic (video)
71203.09.2024, 01:00Demonstrators march on Netanyahu's home amid cease-fire protests
70903.09.2024, 00:42