Media mogul Mark Zuckerberg sold Meta* shares for the first time in two years. For 682 thousand titles, the businessman received almost 185 million dollars. The company’s shares have risen in price by 172% since the beginning of the year, outpacing all major American IT companies in growth rates except for Nvidia, Bloomberg writes.
The sale of securities will allow the entrepreneur to maximize income from venture capital, investments in other companies and research.
Until 2021, Mark Zuckerberg actively and regularly sold stakes in Meta, but in 2022 he did not sell a single stock amid disastrous quarterly results.
At the end of last year, Mark Zuckerberg became one of the most impoverished billionaires. The value of Meta Platforms* shares fell by 64% and the businessman’s fortune was reduced by $77 billion. Shares of the company founded by Zuckerberg fell after a liquidation by investors due to doubts about Meta Platforms* plans to focus on the creation of metaverse.
*recognized as an extremist organization and banned in Russia, included on the terrorist list
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
