NVDA - Mark Zuckerberg Resumes Massive Stock Sell-Off Offloading Almost $428M In Meta Shares Since November | Benzinga
Mark Zuckerberg reportedly sold an eye-watering $428 million worth of Meta Platforms Inc. (NASDAQ:META) shares in the last two months of 2023, following a two-year pause.
What Happened: Zuckerberg, who owns about 13% of Meta, sold shares on every trading day from Nov. 1 through the year’s end, Bloomberg reported, citing Tuesday regulatory filing.
This massive sale came after a period of two years where the tech mogul had not sold any Meta shares. During this hiatus, Meta’s stock price reached its lowest in seven years.
The report reveals that Zuckerberg sold almost 1.28 million shares, with each sale averaging $10.4 million. The largest single sale was made on Dec. 28, amounting to $17.1 million.
In 2023, the company’s share price rebounded, increasing by 194% from a seven-year low near the end of 2022. This surge in stock price saw Meta outperform ...