Mark Zuckerberg, CEO and President of Meta Platforms, Inc. (NASDAQ: ), which is now valued at $1.54 trillion and is trading near a 52-week high, has recently made significant stock transactions. According to InvestingPro data, META has shown incredible strength with a return of 71.5% over the past year. On January 8, Zuckerberg sold shares of Meta’s Class A Common Stocks through CZI Holdings, LLC, for a total value of approximately $14 million. These sales were made at prices ranging from $603.21 to $615.61 per share. Additionally, further sales were made by the Chan Zuckerberg Initiative Foundation, in the amount of approximately $7.9 million, with prices between $606.54 and $615.76 per share. These transactions were part of a pre-arranged trading plan.
In other recent news, Meta Platforms is making significant strides in its business. The tech giant announced a trial in Germany, France and the US to allow users to browse eBay (NASDAQ: ) listings on its Facebook Marketplace platform. The move is in response to a ruling by the European Union, which suggested Meta’s classifieds service undermined competition. The goal of the trial is to increase the visibility of eBay sellers among Facebook users and vice versa.
In addition, Meta announced a change in its content moderation policy, moving from its US fact-checking program to a community-based system. The company aims to reduce errors, simplify rules and restore free expression on its platforms. The move follows the appointment of Joel Kaplan as head of global affairs and the election of Ultimate Fighting Championship CEO Dana White to Meta’s board of directors.
Furthermore, Meta expanded its management board with three new members. They include Dana White, CEO of the Ultimate Fighting Championship, John Elkann, CEO of Exor (AS:), and Charlie Songhurst, a seasoned technology investor. These recent developments reflect Meta’s ongoing efforts to adapt and take leadership in the competitive technology industry.
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