Mark Zuckerberg sold shares in Meta for the first time in two years

6. 01. 2024 | Natalie Bezděková

Billionaire Mark Zuckerberg sold a portion of Meta’s shares, the company that owns social networks like Facebook and Instagram, over the past two months of last year. Records from the U.S. Securities and Exchange Commission (SEC) revealed that he earned a total of $428 million (9.6 billion CZK) from these sales.

This marked Zuckerberg’s first share sell-off of his own company in two years, despite holding a 13% stake in Meta, valued at approximately $116 billion. According to SEC data, Zuckerberg began selling shares on November 1st and continued daily until the end of last year, selling a total of 1.28 million shares.

Zuckerberg’s timing couldn’t have been better—his company’s shares surged nearly 200% last year during Meta’s “Year of Efficiency.” Moreover, technological companies were alluring investors due to the heightened interest in AI-related entities. Only graphic processing unit (GPU) manufacturer Nvidia outperformed tech companies more than Meta did last year.

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Author of this article

Natalie Bezděková

I am a student of Master's degree in Political Science. I am interested in marketing, especially copywriting and social media. I also focus on political and social events at home and abroad and technological innovations. My free time is filled with sports, reading and a passion for travel.


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