The transactions were made under a Rule 10b5-1 trading plan, which was adopted on August 9, 2024. Following these sales, the shares are held indirectly by the Chan Zuckerberg Initiative Foundation, over which Zuckerberg is deemed to have voting and investment power but no pecuniary interest. After these transactions, Zuckerberg retains substantial holdings in Meta, with a significant number of shares still under his control through various trusts and LLCs. The company, now valued at $1.6 trillion, maintains strong financial health with impressive gross profit margins of 81.5% and solid cash flows. Discover Meta's complete financial story and access the comprehensive Pro Research Report, along with 1,400+ other top stocks, on InvestingPro. The company, now valued at $1.6 trillion, maintains strong financial health with impressive gross profit margins of 81.5% and solid cash flows. Discover Meta's complete financial story and access the comprehensive Pro Research Report, along with 1,400+ other top stocks, on InvestingPro.
The transactions were made under a Rule 10b5-1 trading plan, which was adopted on August 9, 2024. Following these sales, the shares are held indirectly by the Chan Zuckerberg Initiative Foundation, over which Zuckerberg is deemed to have voting and investment power but no pecuniary interest. After these transactions, Zuckerberg retains substantial holdings in Meta, with a significant number of shares still under his control through various trusts and LLCs.
In other recent news, Meta Platforms (NASDAQ:META) has been under the microscope of European regulators over a discontinued advertising collaboration with Instagram targeting teenagers. The project has been terminated, but the European Commission continues its investigation. In the meantime, Piper Sandler has increased the target for Meta shares, acknowledging the company's impressive earnings results for 2024 and advancements in artificial intelligence.
Truist Securities continues to maintain a Buy rating on Amazon (NASDAQ:AMZN) shares, predicting record highs in U.S. e-commerce and digital advertising spending, with Amazon expected to capture approximately 49% of U.S. e-commerce market share. The firm's analysis suggests that Amazon's U.S. Revenue is tracking at or slightly above the current consensus estimate of $114.5 billion for the fourth quarter of 2024.
Piper Sandler released its PSC 2025 Ad Buyer Survey, indicating a more optimistic outlook for 2025 compared to the previous year. The survey projects growth acceleration in both digital and total ad spend for 2025. The results were particularly favorable for Alphabet (NASDAQ:GOOGL) Inc's Google, as its AI products, Gemini and Performance Max, were identified as having strong potential to drive incremental spend in 2025.
Lastly, a U.S. appeals court upheld legislation mandating ByteDance to sell TikTok, a ruling that may impact Meta's competitors. Moreover, Meta Platforms announced a $0.50 quarterly dividend, continuing its practice of returning value to shareholders, and plans to construct a fiber-optic subsea cable encircling the globe, marking a significant move to take control of its internet infrastructure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.