Meta CEO Sells over $400 Million Worth of Shares
Release Date:
Mark Zuckerberg has been selling the shares every trading day since November 1, 2023, till the end of 2023. The average earnings from each day amounted to $10.4 million, with the largest transaction occurring on December 28, 2023, at $17.1 million. Meta shares, which grew by 193%, outperformed those of every other major tech giant except Nvidia Corp. last year and is now near its September 2021 record high. Salesforce CEO Marc Benioff also cashed out over $475 million in the second half of 2023. Despite the sale, Zuckerberg still owns a sizable 13% of Meta which is worth about $125 billion
Meta CEO Sells over $400 Million Worth of Shares