Mark Zuckerberg continues to offload Meta Platforms, Inc. (NASDAQ:META) stock at an astonishing rate following the social media giant’s eye-popping rally on stellar fourth-quarter financial results.
What Happened: In the latest regulatory filing, Meta said Zuckerberg intends to sell 97,093 class A common shares, valued at over $45 million. The company’s total outstanding shares currently stand at 22,00,048,907.
This month alone, the Meta CEO has parted with 408,453 shares, translating to over $188 million, according to the filing.
Selling Spree: Zuckerberg started selling shares in November 2023 after a nearly two-year break, in tandem with the company’s positive performance. He has offloaded a total of 1,992,169 shares valued at around $744 million since then. Bloomberg reported in January that his sales amounted to a staggering $428 million in the last two months of 2023.
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