On the occasion of Meta Platforms soaring to its highest level in two years, Mark Zuckerberg "cashes out" at a high point, pocketing nearly $500 million.

Zhitong App has learned that Mark Zuckerberg, the founder and CEO of Meta Platforms and its subsidiary Instagram, has recently sold nearly $500 million worth of Meta Platforms stock in the last two months of 2023. This is the first time in two years that Zuckerberg has sold a large amount of Meta Platforms stock, as the company's stock price hit a seven-year low in 2022.

According to a document submitted to regulatory agencies on Tuesday, Zuckerberg sold nearly 1.28 million shares of Meta Platforms stock worth approximately $428 million on almost every trading day from November 1st to the end of 2023. During this period, the stock price of Meta Platforms reached its highest point in over two years.

Publicly disclosed data shows that the average total transaction amount per stock sale was about $10.4 million, with the highest transaction amount reaching $17.1 million on December 28th.

It is understood that Zuckerberg has regularly sold a large amount of Meta Platforms stock over the past 10 years. However, he did not sell any shares throughout 2022, as the disastrous quarterly performance led to one of the largest single-day declines in Meta Platforms stock price and the worst annual performance since its initial public offering (IPO) in 2012. At that time, in order to maintain investor confidence in Meta Platforms, Zuckerberg did not sell any shares throughout 2022. Therefore, this high-selling cycle that began in November can be seen as the first time Zuckerberg has sold Meta Platforms stock since November 2021. After experiencing drastic fluctuations in stock prices in 2022, this social media giant achieved an epic rebound in 2023, with a total increase of 195%. Benefiting from the global investment frenzy surrounding AI, Meta Platforms Platforms Platforms Platforms had the second highest stock price surge among the "Big Seven Tech Giants" in 2023, second only to Nvidia, which is considered the hottest investment in the global stock market. Meta Platforms Platforms Platforms Platforms' stock price is currently approaching its all-time high set in September 2021.

The epic rebound in 2022, which was considered a "disastrous" year for stock performance, confirms the CEO Mark Zuckerberg's ambition to reduce costs. 2023 is expected to be the "year of efficiency" for Meta Platforms Platforms Platforms Platforms, and the company, with over 3 billion global users, has firmly grasped the global AI trend.

The social media company Meta Platforms Platforms Platforms Platforms and its subsidiary Instagram are betting on artificial intelligence to convince people to spend more time on their social media applications next year. They are also using this technology to make the biggest technological transformation on their social platforms since the launch of short videos, Reels, in 2020.

Meta Platforms Platforms Platforms Platforms is currently testing over 20 different new generative artificial intelligence (generative AI) features across its family of applications, including Meta Platforms Platforms Platforms Platforms, Instagram, Messenger, and WhatsApp, which have a combined user base of over 3 billion. These features cover various mainstream application scenarios, such as search, advertising, and commercial information. Ultimately, Meta Platforms Platforms Platforms Platforms plans to apply these new generative AI tools globally.

According to the Bloomberg Billionaires Index, the 39-year-old Zuckerberg owns approximately 13% of Meta Platforms Platforms Platforms Platforms and Instagram's parent company, Meta Platforms Platforms Platforms Platforms, with a net worth of around $125 billion, making him the seventh richest person in the world. Mark Benioff, a peer of Zuckerberg in the tech industry, can be said to be following in Zuckerberg's footsteps by cashing out at a high stock price. In the second half of 2023, this co-founder of the cloud software giant Salesforce sold over $475 million worth of Salesforce stock, selling approximately 15,000 shares per day, with a value of around $3 million.