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Re: MiamiGent post# 648835

Thursday, 01/04/2024 12:04:54 PM

Thursday, January 04, 2024 12:04:54 PM

Post# of 648882
(Mark) Making money
https://stockcharts.com/h-sc/ui?s=META
2023 was a bumper year for Meta Platforms (NASDAQ:META), becoming the best-performing Magnificent 7 stock after AI darling Nvidia (NVDA). Shares soared 178% during the "year of efficiency," in which CEO Mark Zuckerberg refocused the business on digital advertising and social media market share and away from moonshot projects like the Metaverse. As growth returned and the stock neared all-time highs, the captain of the ship also decided to cash in. New filings show that Zuckerberg offloaded nearly half a billion dollars of Meta shares in the final two months of the year, selling stock on every trading day between Nov. 1 and the end of 2023 (his last sales occurred in November 2021).
WSBreakfast

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