Social Media

Mark Zuckerberg sold nearly half a billion of Meta stock in November and December 2023

Mark Zuckerberg, the CEO and cofounder of Meta Platforms Inc., sold some $190 million worth of Meta shares in November 2023, and another $238 million in December 2023. 

These were his first stock sales since 2021, when he sold $2.9 billion worth of shares. 

Meta Platforms is one of the leading social media and technology companies in the world with its flagship platform Facebook.

Its stock price has surged by 166% in 2023, making it one of the best-performing stocks among the so-called ‘Magnificent Seven’ group of tech giants. Meta has also rebranded itself as a metaverse company, aiming to create a virtual reality platform that connects people across its various apps and devices.

Philanthropic – The Giving Pledge

Zuckerberg and his wife, Priscilla Chan, have pledged to donate 99% of their Meta shares to charitable causes during their lifetimes, as part of the Giving Pledge initiative started by Warren Buffett and Bill Gates. 

They have also established the Chan Zuckerberg Initiative, a philanthropic organization that focuses on education, health, science, and justice.

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