According to the Business Insider website, this is according to data for regulatory authorities. Zuckerberg disposed of Meta shares for the first time in two years, benefiting from their growth. These shares have rallied 194 percent last year and are trading near their highs.
The founder of Meta, which used to be called Facebook, started selling shares on November 1 and sold shares every day from then until the end of the year. In total, Zuckerberg disposed of 1.28 million shares.
It is the first time since November 2021 that he has reduced his stake in the company. The Meta Platforms group includes the social network Facebook, Instagram or the chat application WhatsApp. According to Forbes , Zuckerberg is the sixteenth richest person in the world.
Meta did well last year. Zuckerberg cut costs, while investors’ interest in large technology companies was boosted by the wave surrounding artificial intelligence. Meta’s stock was the second-best performer in the S&P 500 last year, surpassed only by chip maker Nvidia.
Zuckerberg still owns approximately thirteen percent of the shares in Meta. The value of his stake in the middle of this week was almost 116 billion dollars.
