ALBAWABA - Despite Meta, previously known as Facebook, reaching new heights under the leadership of Mark Zuckerberg, recent developments have stirred debates about the CEO's decisions.
Discord within the company has emerged due to Zuckerberg's persistent focus on MetaVerse, especially as the substantial investments in an area projected not to yield profits for years have strained Meta's finances.
The year 2022 witnessed the company's shares hitting a seven-year low, indicating a decline in investor confidence in Zuckerberg. However, the tides turned in 2023, with the company recovering its lost value from the previous year and entering an upward trajectory.
In an intriguing turn of events, documents surfaced this week, revealing that Mark Zuckerberg has been steadily selling Meta shares daily for the past two months, amounting to the divestment of nearly $500 million in Meta shares during this period. This move raises eyebrows, given that Zuckerberg had refrained from selling his own shares for the past two years.
While selling shares during a positive period for the company may seem counterintuitive, it is plausible that Zuckerberg's decision was driven by the desire to convert shares into cash rather than financial concerns. As someone actively involved in investments beyond Meta, Zuckerberg has demonstrated a penchant for funding non-Meta projects. Notably, recent reports exposed Zuckerberg's construction of an extensive underground bunker for personal endeavors.
Zuckerberg's share-selling decision may be attributed to the need for liquidity for various personal initiatives. Nevertheless, this move is likely to prompt investors to scrutinize Meta shares more closely.
