Mark Zuckerberg sells $7.98 million in Meta Platforms stock By Investing.com
Mark Zuckerberg, Chairman and CEO of Meta Platforms, Inc. (NASDAQ: ), recently sold a significant portion of its Class A Common Stock Holdings. According to the most recent SEC filing, Zuckerberg disposed of shares valued at approximately $7.98 million on January 10, 2025. Sales occurred at prices ranging from $600.48 to $629.08 per share, with the stock trading near a 52-week high of $638.40. Meta, now valued at $1.54 trillion, has delivered an impressive 63% return over the past year. InvestingPro’s analysis shows that the stock is overvalued at current levels.
This transaction was carried out by the Chan Zuckerberg Initiative Foundation under a previously established trading system. Despite the sale, Zuckerberg has a large stake in Meta, with shares held by various entities, including CZI Holdings, LLC and Chan Zuckerberg Holdings. The sale represents a strategic financial decision within the framework of the Rule 10b5-1 trading system, which allows insiders to set a predetermined schedule for selling stocks to avoid suspicions of insider trading. Meta continues to show strong financial health with a gross profit margin of 81.5%. For in-depth information on Meta valuation and financial metrics, access the complete Pro research report available from InvestingPro.
In other recent news, the Supreme Court is hearing arguments about the possible ban of TikTok in the US. TikTok, owned by Chinese company ByteDance, is challenging the ban on First Amendment grounds. If the ban goes into effect, it could cause a shift in market share to Meta, Snap, and Alphabet (NASDAQ: Oracle, which owns the operating system, could lose revenue. Analysts from Morgan Stanley (NYSE:) and research firm EMARKETER predicts that Meta and YouTube will be the main beneficiaries.
In a review from China Merchants Securities, Meta received a buy rating, highlighting the company’s strong position in the global social media space, diversified cash flow, and growth potential through artificial intelligence applications. The company also noted Meta’s strong financial position and predicted continued growth through 2024.
Recently, Meta announced a trial to allow users in Germany, France, and the US to browse eBay (NASDAQ:) listings on Facebook Marketplace. The move comes after the European Union’s decision that Meta’s connection between the classified ads service and its main communication network undermines competition. The trial aims to increase the visibility of eBay sellers among Facebook users and provide a broader list of Marketplace users.
Meta also announced a change in its content rating policy, moving from a US fact-checking system to a community-based system. This change is in line with the company’s core principles of free speech and aims to reduce errors and audit conditions. The policy change follows the recent appointment of Joel Kaplan as head of global affairs and the election of Dana White to Meta’s board.
This article was created with the support of AI and reviewed by an editor. For more information see our T&C.
