These transactions were part of a Rule 10b5-1 trading plan adopted by Zuckerberg on August 9, 2024. Following these sales, Zuckerberg's holdings through CZI Holdings, LLC are reported to have decreased, while the Chan Zuckerberg Initiative Foundation continues to hold a substantial number of shares.
These transactions were part of a Rule 10b5-1 trading plan adopted by Zuckerberg on August 9, 2024. Following these sales, Zuckerberg's holdings through CZI Holdings, LLC are reported to have decreased, while the Chan Zuckerberg Initiative Foundation continues to hold a substantial number of shares.
These transactions were part of a Rule 10b5-1 trading plan adopted by Zuckerberg on August 9, 2024. Following these sales, Zuckerberg's holdings through CZI Holdings, LLC are reported to have decreased, while the Chan Zuckerberg Initiative Foundation continues to hold a substantial number of shares.
In other recent news, Databricks, a data and AI firm, completed its Series J funding round, achieving a valuation of $62 billion. New strategic investor Meta, along with existing investor QIA and new participants including Temasek and Macquarie Capital, contributed to the successful round. The funding will facilitate the development of new AI products, potential acquisitions, and the expansion of Databricks' international operations. Additionally, Databricks secured a $5.25 billion credit facility led by JPMorgan Chase (NYSE:JPM), with contributions from other major financial institutions.
In financial analyst news, Meta Platforms Inc (NASDAQ:META). saw a slight decrease in its stock target from $730 to $720 by Cantor Fitzgerald, which continues to endorse the stock with an Overweight rating. Jefferies also maintained a Buy rating on Meta, citing the company's long-term potential despite the stock being slightly overvalued. Meanwhile, Citi analysts reaffirmed their Buy rating on Meta with a price target of $753.00, amidst uncertainties for rival TikTok following a U.S. Supreme Court decision.
Meta is also expanding its product line, venturing into the creation of new wearable devices, including smart glasses. The company's Reality Labs is actively developing these devices, with a more advanced "Hypernova" model of Meta's smart glasses anticipated for launch. These recent developments underscore Meta's strong market position and potential for continued growth in the dynamic digital environment.
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