Mark Zuckerberg’s Latest Move Has a High Impact on Meta Stock. Here Is Why.

Dec 05, 2023

Mark Zuckerberg's Latest Move Has a High Impact on Meta Stock.

Mark Zuckerberg, the CEO of Meta Platforms (META), is reaping the benefits of his perseverance: selling at the bottom is for losers. Zuckerberg made his first sale of Meta stock in two years, taking advantage of the stock’s 150%+ gain over the previous year and the fact that investors seem to be moving past the company’s expensive transition to virtual reality.

Using information from regulatory filings, Bloomberg claims that in November, his trust and groups that receive charitable and political donations sold almost $185 million worth of shares through trading plans. For the first time since November 2021, Zuck sold his shares.

At that time, Meta’s shares had fallen to their lowest point since 2015. The fact that Meta’s stock has been trading at this level since November 2021 may not be a coincidence.

According to Smart Asset’s capital gains tax calculator, Zuckerberg will pay roughly 24% in federal capital gains tax and 13.3% in California state tax (assuming his $37 million Palo Alto estate is considered his primary residence).

That means Zuckerberg might owe up to $68.6 million in capital gains taxes.

The move has weighed on Meta stock on Monday, with shares down roughly 3% at the time of writing in early market activity.

Prior to his two-year hiatus, Zuckerberg was quite active in selling his shares, dumping more than $1 billion of stock in 2021, according to Bloomberg.

According to the Bloomberg Billionaires Index, Zuckerberg still owns approximately 13% of the firm he co-founded, which accounts for the majority of his almost $118 billion fortune.

When the stock was in the doldrums, investors questioned Zuckerberg’s emphasis on transitioning his firm out of the social media age and into the so-called digital metaverse.

The stock dropped from an all-time high in late September 2021 to half its previous value a year later.

In October 2022, Jim Cramer, the CNBC analyst who had stood behind Zuckerberg and Meta through thick and thin, had had enough. For years, the guy whose slogan for the firm held, don’t trade, claimed he was mistaken for supporting the company a day after the stock plunged 25% in a single session.

.@jimcramer: I was wrong to trust $META

The tech giant’s Q3 results disappointed street estimates, sending the stock to its lowest levels since 2016. pic.twitter.com/Eg5d8q1XTv

— Squawk on the Street (@SquawkStreet) October 27, 2022

Subscribe Our Newsletter

Is Amazon a Good Stock to Buy? Amazon Reports Strong Q2 Results. Here Is Why.

Alexander

Is Amazon a Good Stock to Buy? Amazon Reports Strong Q2 Results. Here Is Why.

Investors are pondering the question, "Is Amazon a good stock to buy?" after the company reported impressive second-quarter results and outlook for the third quarter.

Companies
GM Newest Weapon in the EV Wars Is a Factory Liquidity Provider
GM’s Newest Weapon in the EV Wars Is a Factory

The facility is located in both Detroit and Hamtramck, Michigan. The term Zero represents GM's goal for an automotive future with zero emissions, zero accidents, and zero traffic congestion. Accidents and congestion reductions are the results of GM's autonomous-driving initiatives. EVs contribute to emissions.

Companies
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Anna

Demystifying Black Box AI And Its Use Cases
AI has become widespread in various spheres, including healthcare, finance, etc. But how does it work? Learn what the black box AI is and what risks it poses.

discover
Understanding Perpetual Futures: How Do They Work?

Tamta

Understanding Perpetual Futures: How Do They Work?

The world of finance is constantly changing, and with it comes new ways to grow your wealth. Cryptocurrencies, stocks, and commodities are known for their ups and downs, and while it might not happen overnight, there's potential for investments to multiply in value.

Trading
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.