What’s OpenAI’s impact on Microsoft, Oracle and the software sector
MENLO PARK, CA—Jennifer Newstead, Chief Legal Officer at Meta Platforms, Inc. (NASDAQ:META), recently sold shares of the company’s Class A common stock. The technology giant, currently valued at $1.49 trillion, maintains a "GREAT" financial health score according to InvestingPro analysis. According to an SEC filing, Newstead sold 921 shares on March 11, 2025, at a price of $595 per share, totaling $547,995. This transaction was conducted under a Rule 10b5-1 trading plan, which was adopted by Newstead on November 30, 2023. Following this sale, Newstead holds 33,024 shares of Meta Platforms. The stock has experienced a nearly 6% decline over the past week, though it maintains an impressive 19.5% gain over the last year. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report, offering deeper analysis of META’s market position and growth potential.
In other recent news, Meta Platforms is set to test its Community Notes feature across Facebook, Instagram, and Threads in the United States. This initiative aims to provide additional context to posts by allowing community contributors to write and rate notes. Meta anticipates that the Community Notes will be less biased than the third-party fact-checking program it replaces. Meanwhile, Meta Platforms, alongside Apple (NASDAQ:AAPL), is facing moderate fines from European Union antitrust regulators over alleged violations of the Digital Markets Act. The fines are anticipated to be modest, suggesting they may not reach the maximum limit allowed by the Act.
In another development, Meta’s CEO Mark Zuckerberg held meetings with officials from the Trump administration at the White House. A Meta spokesman mentioned that these discussions are part of ongoing talks about American technology leadership. Additionally, among the Magnificent Seven stocks, Meta saw a slight increase of 0.4% in premarket trading, while other tech giants like Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA) also experienced gains. These recent developments highlight Meta’s ongoing activities and regulatory challenges in both the United States and Europe.
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