The Strategist

Zuckerberg sells $185m worth of Meta shares for the first time in two years



12/05/2023 - 02:30



Zuckerberg sold Meta stock for the first time in two years. The business owner received over $185 million for 682,000 securities.



Anthony Quintano
Anthony Quintano
As the value of Meta shares increased, Mark Zuckerberg sold the company's shares for the first time in two years, according to regulatory filings cited by Bloomberg. The agency notes that Zuckerberg received over $185 million in exchange for 682,000 shares.

During the year's start, Meta's stock has increased 172%, outpacing the gains of all other American tech companies excluding Nvidia. According to Bloomberg, Zuckerberg will be able to maximize his profits from venture capital, investments in other businesses, and scientific research by selling securities.

Zuckerberg has consistently been selling shares in Meta throughout the previous ten years, as the agency points out, but he did not sell any securities in 2022. Then, according to Bloomberg, "disastrous quarterly results" caused the company's stock price to plunge during one of the biggest one-day drops and resulted in the worst annual performance since its 2012 IPO.

source: bloomberg.com




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