Meta platforms’ chief product officer sells shares worth $13.3 million

Christopher K. Cox, Chief Product Officer of Meta Platforms, Inc. (NASDAQ:META), recently sold a significant portion of his holdings in the company. According to a recent filing, Cox sold shares valued at approximately $13.3 million. The sales were executed on February 26, 2025, with prices ranging from $658.90 to $671.60 per share. The transaction comes as Meta, now valued at $1.7 trillion, maintains impressive gross profit margins of 82% and strong financial health, according to InvestingPro analysis.

These transactions were carried out under a Rule 10b5-1 trading plan that Cox adopted in late November 2024. Following these sales, Cox’s trust, the Christopher K. Cox Revocable Trust, holds 329,494 shares of Meta’s Class A Common Stock. The sales were part of multiple transactions, demonstrating a strategic approach to managing his holdings in the tech giant. Meta’s stock has shown remarkable strength, gaining 28% over the past six months, though InvestingPro analysis suggests the stock is currently trading near its Fair Value. InvestingPro subscribers can access 12 additional key insights about Meta’s financial health and growth prospects.

In other recent news, Meta Platforms Inc. has announced plans to launch a standalone artificial intelligence application in the second quarter of this year. This development aligns with CEO Mark Zuckerberg’s strategy to position Meta as a leader in AI technology. Additionally, the company intends to introduce a paid subscription service for Meta AI, inspired by OpenAI’s business model. In financial developments, Apollo Global Management (NYSE:APO) Inc. is reportedly in discussions to finance Meta’s U.S. data centers with a package estimated at $35 billion. Meanwhile, Italian Prime Minister Giorgia Meloni recently met with Meta’s Chief Global Affairs Officer to discuss potential new investments in Italy, focusing on technological collaboration.

Meta also resolved a glitch in Instagram Reels that led to a flood of graphic content, addressing user complaints and emphasizing its commitment to user safety. The company has faced criticism over its content moderation policies, particularly after ending its U.S. fact-checking program. In the power sector, shares of related companies surged following reports of Meta’s plans to build a massive AI data center campus, which could cost over $200 billion. This expansion is part of Meta’s strategy to meet the growing demand for generative AI across its platforms, with potential locations being considered in states like Louisiana, Wyoming, or Texas.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.