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Jennifer Newstead, Chief Legal Officer at Meta Platforms (NASDAQ: NASDAQ:META), sold 519 shares of Class A Common Stock on July 8, 2025, at a price of $721.57, for a total value of $374494. The sale comes as META trades near its 52-week high of $747.90, with the stock delivering an impressive 36% return over the past year.
Following the transaction, Newstead directly owns 27107 shares of Meta Platforms.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 11, 2025.
In other recent news, Meta Platforms has been at the center of various developments. The company faced internal criticism from a research scientist, Tijmen Blankevoort, who resigned after criticizing Meta’s generative AI division for cultural and organizational issues. Meanwhile, Meta has made a significant investment of $3.5 billion to acquire a 3% stake in EssilorLuxottica, aiming to advance its smart glasses technology. This move led BofA Securities to raise its price target for Meta to $765, maintaining a Buy rating. Baird also increased its price target to $740, highlighting Meta’s AI-powered products and integration with its advertising platform, which could substantially boost messaging revenues.
Additionally, Citizens JMP reiterated a Market Outperform rating for Meta, emphasizing Instagram’s strong position among young adults. However, Meta faces potential fines from the European Commission if its advertising model does not comply with the Digital Markets Act. Despite these regulatory challenges, Cantor Fitzgerald maintained an Overweight rating with a price target of $807, expressing confidence in Meta’s ability to adapt its EU advertising strategy with minimal disruption. These developments reflect Meta’s ongoing efforts to navigate both opportunities and challenges in the tech industry.
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