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Zuckerberg dumped Meta shares for the first time in two years

Zuckerberg dumped Meta shares for the first time in two years
December 4, 2023 – 2:20 p.m.

Despite these operations, the founder of Meta still owns about 13% of the technology company, a stake that regularly feeds his fortune, valued at about US$117.7 billion.

The chief executive officer (CEO) of Meta, Mark Zuckerberg decided to get rid of shares of the parent company of Facebook, Instagram and WhatsApp for the first time in two years after a revaluation of 172%. In wall street, The stock falls more than 2% after the news was announced.

This way, Zuckerberg got rid of 682,000 shares worth almost $185 million through business plans carried out by his trust and by other entities for charitable and political donations, according to information from ‘Bloomberg’.

The block sale of shares was a common practice by Zuckerberg until two years ago, although In 2022 he did not give up any of his titles, that lost much of their value during the year due to the results achieved by the group.

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In 2022, the businessman had not disposed of any shares.

In 2022, the businessman had not disposed of any shares.

However, the tone has changed and this year has been marked by green in Goal actionswhich are already approaching the all-time highs set in 2021a year in which Zuckerberg and his charitable foundation, the Chan Zuckerberg Initiative, sold more than $1 billion in company stock.

Despite these operations, The founder of Meta still owns about 13% of the technology companya stake that regularly feeds his fortune, valued at about US$117.7 billion.

Meta, founded in 2015, the Palo Alto, California-based foundation, has net assets of around US$6.3 billion and is led by Zuckerberg and Chan, according to the latest filings. The Goal actions They have risen more than 200% since eight years ago they committed to giving away most of their fortune.

Source: Ambito

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