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Director Robert M Kimmitt of Meta Platforms (NASDAQ:META), sold 465 shares of Class A Common Stock on August 15, 2025, at a price of $784.32, for a total value of $364708. The transaction occurs as Meta, with its impressive $1.89 trillion market cap, trades near its 52-week high of $796.25, reflecting the company’s strong performance with a 42% return over the past year.
Following the transaction, Kimmitt directly owns 8877 shares of Meta Platforms, Inc.
The sale was executed under a prearranged Rule 10b5-1 trading plan adopted on February 14, 2025. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Meta Platforms is undergoing a significant restructuring of its artificial intelligence division, dividing Meta Superintelligence Labs into four distinct groups. This marks the fourth overhaul of its AI efforts in just six months, with the aim of accelerating AI product development. The new structure will include teams focused on AI research, superintelligence development, products, and infrastructure. Despite these changes, Bank of America Securities has maintained its Buy rating on Meta, with a price target of $900.00. Additionally, Meta has introduced DINOv3, a breakthrough self-supervised vision AI model that excels in diverse visual tasks without the need for labeled data. This model was trained on 1.7 billion images and scaled to 7 billion parameters, significantly larger than its predecessor. Meanwhile, OpenAI employees are planning to sell approximately $6 billion worth of shares, valuing the company at $500 billion. This transaction involves investors such as Thrive Capital, SoftBank (TYO:9984) Group Corp., and Dragoneer Investment Group.
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