Zuckerberg Offloads $2B in Meta Stock as AI Ambitions Soar

Mark Zuckerberg sells $2B in Meta stock in 2024 amidst a massive 70% stock surge.

Mark Zuckerberg, CEO of Meta, sold $2 billion worth of Meta shares in 2024, taking advantage of the stock’s rise. The move is in line with a trading plan that has already been approved, and it will help his personal projects and investment diversity in the midst of Meta’s aggressive AI-driven growth strategy.

Up to 5.6 million Class A shares and 1.7 million Class B shares are being sold as part of a Rule 10b5-1 plan that began in August. Even though the company was sold, Zuckerberg still controls Meta thanks to his super-voting Class B shares, which give each share 10 votes. This gives him even more power over the tech giant.

Meta’s market value has grown to $1.49 trillion, and its price has gone up over 70% this year, hitting an all-time high of $588.88. This growth is due to higher earnings by 35% and higher sales by 19%, which came in at $40.59 billion, more than what Wall Street expected.

Meta is putting more resources into artificial intelligence to get people to interact with all of its sites more. Meta’s three billion Facebook and Instagram users are being wooed by AI-powered characters, and the company’s own “Metamate” AI tool is supposed to make work easier and get more done.

Meta’s newest AI-driven inventions are “Orion” glasses that let you see augmented reality and improved Ray-Ban Meta smart glasses that can translate your words in real-time. In early 2025, ads will also start running on Threads, Meta’s rival to X (formerly Twitter), which will open up new ways to make money.

Meta is putting $10 billion into a state-of-the-art data center in Louisiana to help its big AI plans. The company is committed to staying at the forefront of AI development, and this center will help them meet the growing energy needs of their AI projects.

Meta has come out with some new kinds of AI and continues to make money and Zuckerberg recently sold a lot of his stock in the company which indicates how he feels about the company’s future direction. Meta is on its way to becoming a major market player in the rapidly evolving sector by investing heavily and developing innovative concepts.