Mark Zuckerberg, CEO and Chairman of Meta Platforms, Inc. (NASDAQ:META), now valued at $1.54 trillion and trading near its 52-week high, has recently executed significant stock transactions. According to InvestingPro data, META has demonstrated remarkable strength with a 71.5% return over the past year. On January 8, Zuckerberg sold shares of Meta’s Class A Common Stock through CZI Holdings, LLC, totaling approximately $14 million. These sales were conducted at prices ranging from $603.21 to $615.61 per share. Additionally, further sales were made by the Chan Zuckerberg Initiative Foundation, amounting to roughly $7.9 million, with prices between $606.54 and $615.76 per share. These transactions were part of a pre-arranged trading plan.
In other recent news, Meta Platforms has been making significant strides in its operations. The tech giant announced a trial in Germany, France, and the U.S. to allow users to browse eBay (NASDAQ:EBAY) listings on its Facebook Marketplace platform. This move is in response to a ruling by the European Union, which suggested that Meta’s classified-ads service was undermining competition. The trial aims to increase visibility for eBay sellers among Facebook users, and vice versa.
In addition to this, Meta has announced a shift in its content moderation policy, transitioning from its U.S. fact-checking program to a community-based system. The company aims to reduce errors, simplify policies, and reinstate free expression across its platforms. This move follows the appointment of Joel Kaplan as the head of global affairs and the election of Dana White, CEO of Ultimate Fighting Championship, to Meta’s board.
Furthermore, Meta has expanded its board of directors with the addition of three new members. These include Dana White, CEO of the Ultimate Fighting Championship, John Elkann, CEO of Exor (AS:EXOR), and Charlie Songhurst, a seasoned technology investor. These recent developments reflect Meta’s ongoing efforts to adapt and lead in the competitive tech industry.
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