Mark Zuckerberg, CEO and President of Meta Platforms, Inc. (NASDAQ: ), recently sold a significant portion of its Class A common stock. According to a filing with the Securities and Exchange Commission, Zuckerberg sold shares worth approximately $14.1 million. These transactions occurred on January 17, 2025, with sale prices ranging from $603.85 to $621.82 per share. The sale comes as Meta shares are trading near a 52-week high of $638.40, after posting an impressive 61% return over the past year.
The sale was made through CZI Holdings, LLC, a company associated with Zuckerberg. This transaction was part of a prearranged trading plan under Rule 10b5-1, which Zuckerberg adopted on August 9, 2024. This plan allows insiders to sell a predetermined number of shares at a predetermined time, helping to avoid potential insider trading charges.
Additionally, the Chan Zuckerberg Initiative Foundation, another entity associated with Zuckerberg, also sold shares worth a total of about $7.96 million, with sale prices ranging from $604.99 to $622,415 per share. These sales were also made under a Rule 10b5-1 trading plan.
These transactions underscore Zuckerberg’s continued stewardship of his significant holdings in Meta Platforms, reflecting ongoing strategic financial decisions.
In other recent news, Meta Platforms Inc. is actively developing its line of smart glasses and other wearable devices, aiming to compete with Apple (NASDAQ: ) in the technology market. The company’s Reality Labs division plans to introduce Oakley-brand smart glasses designed for athletes this year, with a top-of-the-line model with a built-in display slated for 2025. Meta’s current product portfolio includes Ray-Ban smart glasses equipped with cameras and microphones, with upcoming enhancements to the “Supernova” product line.
Recently, the US Supreme Court upheld a law ordering the sale or ban of TikTok, a development that could potentially benefit Meti. Amidst this, Citi analysts maintained their Buy rating on Meta, citing the company’s strong financial performance, including strong revenue growth of 23% over the past year.
However, President-elect Donald Trump is reportedly considering an executive order to suspend enforcement of the TikTok law, which could affect competitive dynamics within the social media industry. Despite these developments, Meta continues to focus on its production cycle and the improved ROI that advertisers experience on its platform.
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