CEO Mark Zuckerberg sold his share of Meta stocks for the first time in two years. The majority of the shares sold were acquired in 2004 through a founder stock purchase. Additionally, about 150,000 shares were acquired for $0 through exercising options acquired in 2013. Despite catastrophic quarterly results, Zuckerberg did not sell any shares in 2022. In 2021, he and his charitable foundation, the Chan Zuckerberg Initiative, sold over $1 billion worth of shares. The recent Meta stock sales came from shares controlled by the Chan Zuckerberg Initiative, including stocks worth $19 million that went to its advocacy arm. The Q3 2023 revenue of Meta was $34 billion, with costs and expenses at $20.4 billion. However, Meta’s Reality Labs division is still burning cash, and the AR-VR division has lost nearly $25B since last year.
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Mark Zuckerberg sells his shares of Meta, here’s how much the CEO made
CEO Mark Zuckerberg sold his share of Meta stocks for the first time in two years. The majority of the shares sold were acquired in 2004 through a founder stock purchase. Additionally, about 150,000 shares were acquired for $0 through exercising options acquired in 2013. Despite catastrophic quarterly results, Zuckerberg did not sell any shares in 2022. In 2021, he and his charitable foundation, the Chan Zuckerberg Initiative, sold over $1 billion worth of shares. The recent Meta stock sales came from shares controlled by the Chan Zuckerberg Initiative, including stocks worth $19 million that went to its advocacy arm. The Q3 2023 revenue of Meta was $34 billion, with costs and expenses at $20.4 billion. However, Meta’s Reality Labs division is still burning cash, and the AR-VR division has lost nearly $25B since last year.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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