Key Points
Meta founder Mark Zuckerberg sold the shares of his company every day during November and December last year..
In the meantime, the price of Meta shares went up by 194%..
The stock sales of Meta boss are subject to the federal capital gains tax of approximately 24%, and an additional 13.3% state tax in California, where Zuckerberg maintains a $37 million estate...
Besides, Zuckerbergs peer in the tech world, Marc Benioff also sold shares nearly every day in the second half of 2023..
Meta shares plummeted to a seven-year low in 2022 after Zuckerberg spent billions on a widely panned shift toward the metaverse...
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Mark Zuckerberg sold nearly half billion dollars of Meta stock in 2 months
04, Jan, 24Before this period, Zuckerberg had not sold Meta shares since November 2021.