Zuckerberg sold Meta shares for the first time in two years
- December 4, 2023
- 0
Mark Zuckerberg sold shares of his company Meta Platforms Inc. for the first time in two years. For $185 million. According to Ukrinform, this was reported by Bloomberg
Mark Zuckerberg sold shares of his company Meta Platforms Inc. for the first time in two years. For $185 million.
According to Ukrinform, this was reported by Bloomberg with reference to normative documents of regulatory bodies.
In November, Zuckerberg’s foundation and other entities affiliated with the businessman sold about 682,000 shares worth about $185 million.
The article said, “The institutions that manage Zuckerberg’s wealth are selling shares for the first time since November 2021.”
By the end of November, Meta shares were up 172%, outpacing Nvidia Corp. It outperformed other major technology companies in the US, except
Mark Zuckerberg owns about 13% of Meta shares, according to the Bloomberg Billionaires Index. His fortune is estimated at $117.7 billion.
As reported, there was a sharp decline in shares on the New York Stock Exchange in February 2022. The one that lost the most value was Meta, whose market value fell by more than 230 billion dollars.
Source: Ukrinform
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