Meta surged 172% this year through the end of November, outperforming all major US tech companies other than Nvidia Corp. That’s helping to maximize the proceeds for Zuckerberg’s activities outside Meta, which include venture capital, scientific research and impact investments.
Mark Zuckerberg is selling Meta Platforms Inc. stock for the first time in two years after the social media giant rapidly rebounded from a tumultuous 2022.
The Meta co-founder’s trust as well as entities for his charitable and political giving unloaded about 682,000 shares worth almost US$185 million ($247.3 million) in November through trading plans, with the latest disclosed Wednesday, according to data compiled by Bloomberg from regulatory filings. That’s the first time entities that manage Zuckerberg’s fortune have sold shares since November 2021.
