Markets

Mark Zuckerberg sells first Meta shares in two years after stock surge

Meta co-founder unloaded about 682,000 shares worth almost $185 million in November

Meta surged 172 per cent this year through the end of November, outperforming all major US tech companies other than Nvidia. Picture: Getty

Mark Zuckerberg is selling Meta stock for the first time in two years after the social media giant rapidly rebounded from a tumultuous 2022.

The Meta co-founder’s trust as well as entities for his charitable and political giving unloaded about 682,000 shares worth almost $185 million (€175 million) in November through trading plans, with the latest disclosed Wednesday, according to data compiled by Bloomberg from regulatory filings. That’s the first time entities that manage Zuckerberg’s ...