Broadcom named strategic vendor for Walmart virtualization solutions
Javier Olivan, Chief Operating Officer of Meta Platforms, Inc. (NASDAQ:META), recently sold shares of the company’s Class A common stock. The transaction comes as Meta maintains its position as a $1.57 trillion market cap giant with a "GREAT" financial health rating according to InvestingPro. According to the latest SEC filing, Olivan sold 608 shares at a price of $609 each, totaling $370,272. Following this transaction, Olivan holds 8,054 shares directly. Additionally, Olivan maintains indirect ownership through various entities, including Olivan D LLC and the Olivan Reinhold Family Revocable Trust, with substantial shares still under his control. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which Olivan adopted in August 2024.Based on InvestingPro’s comprehensive analysis, Meta currently appears fairly valued, with impressive gross profit margins of 82% and a strong return on assets of 25%. Discover 10 more exclusive ProTips and detailed valuation metrics with a subscription to InvestingPro’s in-depth research reports, available for over 1,400 US stocks.
In other recent news, Meta Platforms is preparing to launch a standalone artificial intelligence (AI) application in the second quarter, according to sources. This development aligns with CEO Mark Zuckerberg’s vision to establish Meta as a leading AI entity by year-end. Additionally, Meta plans to introduce a paid-subscription service for its AI offerings, echoing OpenAI’s business model. Meanwhile, Meta and Apple (NASDAQ:AAPL) are reportedly facing moderate fines from EU antitrust regulators for alleged violations of the Digital Markets Act, which aims to regulate the influence of major digital companies. The exact amounts of these fines have not been disclosed but are expected to be less than the maximum 10% of annual global sales allowed by the legislation. In another development, Meta’s CEO, Mark Zuckerberg, recently met with Trump administration officials at the White House to discuss American technology leadership. These meetings are part of ongoing discussions with the administration. Furthermore, Meta is under scrutiny from the European Commission as part of broader efforts to ensure fair competition in the digital market.
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