TSX lower as gold rally takes a breather
Jennifer Newstead, the Chief Legal Officer of Meta Platforms Inc. (NASDAQ:META), recently sold 921 shares of the company’s Class A Common Stock. The sale, executed on February 25, 2025, was part of a pre-arranged trading plan under Rule 10b5-1, adopted by Newstead in late 2023. The transaction comes as Meta, now valued at $1.71 trillion, maintains a GREAT financial health score according to InvestingPro analysis. The shares were sold at a price of $665.75 each, totaling $613,155. Following this transaction, Newstead retains ownership of 34,866 shares in the company. Meta continues to demonstrate robust financial performance with an impressive 81.68% gross profit margin and holds more cash than debt on its balance sheet. For deeper insights into Meta’s insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access the detailed Pro Research Report, available for 1,400+ top US stocks.
In other recent news, Meta Platforms Inc. is preparing to launch a standalone artificial intelligence (AI) application in the second quarter of this year. This development is part of CEO Mark Zuckerberg’s strategy to position Meta as a leader in AI technology. Additionally, Meta is planning a paid subscription service for its AI platform, similar to OpenAI’s business model. In a separate development, Apollo Global Management (NYSE:APO) Inc. is reportedly in talks to finance Meta’s U.S. data centers with a package worth approximately $35 billion. Discussions are still in the preliminary stages, and a final deal has yet to be confirmed.
Meta has also resolved a glitch in Instagram Reels that caused users to see graphic content, despite settings meant to filter such material. The company issued an apology but did not specify the cause of the error. In Italy, Prime Minister Giorgia Meloni met with Meta’s Chief Global Affairs Officer to discuss potential new investments and technological collaboration. Furthermore, Meta’s ambitious AI data center plans have sparked interest in the power sector, as the project is expected to require substantial power infrastructure. The company is exploring several U.S. states for the construction of this new campus, highlighting its commitment to expanding AI capabilities.
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