Zuckerberg sold Meta shares for almost half a billion dollars
- January 4, 2024
- 0
American billionaire and owner Mark Zuckerberg Meta Platforms Inc. He sold nearly half a billion dollars worth of company stock in the last two months of 2023. This
American billionaire and owner Mark Zuckerberg Meta Platforms Inc. He sold nearly half a billion dollars worth of company stock in the last two months of 2023.
This was reported by Bloomberg, according to a report from Ukrinform.
This comes after a two-year hiatus in which the company’s share price fell to its lowest level in seven years.
Zuckerberg sold shares every trading day from Nov. 1 through the end of the year, selling about 1.28 million shares worth about $428 million, according to a filing with regulators.
On average, each sale made a profit of $10.4 million, with the largest coming on December 28 at $17.1 million.
Before this period, Zuckerberg had not sold Meta shares since November 2021. Last year, the company’s share price rose 194% from a seven-year low at the end of 2022. Last year, Meta shares traded with Nvidia Corp. It has outperformed all other major tech giants apart from 2021 and is currently approaching its all-time high for September 2021.
Zuckerberg, 39, owns about 13 percent of Meta and is worth about $125 billion, according to the Bloomberg Billionaires Index, making him the seventh richest person in the world.
In December, Mark Zuckerberg sold shares of his company Meta Platforms Inc. for the first time in two years, Ukrinform reported. For $185 million.
Photo: David Paul Morris/Bloomberg
Source: Ukrinform
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