MENLO PARK, CA — Jennifer Newstead, the Chief Legal Officer of Meta Platforms, Inc. (NASDAQ:META), sold 921 shares of the company’s Class A Common Stock on March 18, 2025. The shares were sold at a price of $600.25 each, amounting to a total transaction value of approximately $552,830. Following this transaction, Newstead retains ownership of 32,103 shares. The sale comes as Meta, currently valued at $1.48 trillion, maintains excellent financial health with an impressive 81.68% gross profit margin and robust liquidity ratio of 2.98, according to InvestingPro data.
This transaction was executed under a Rule 10b5-1 trading plan, which was adopted by Newstead on November 30, 2023. Rule 10b5-1 plans allow insiders of publicly traded corporations to set up a predetermined plan to sell company stock in order to avoid concerns about insider trading. InvestingPro analysis reveals Meta’s overall financial health score as "GREAT," with 12 additional ProTips available to subscribers through the comprehensive Pro Research Report, offering deeper insights into the company’s valuation and growth prospects.
In other recent news, Meta Platforms has introduced enhanced features for its Threads app, focusing on personalization and user control. The updates include tagged topics in user bios, follower-only replies, and an advanced video player, aiming to improve user interaction and content visibility. Furthermore, Meta Platforms is set to test its Community Notes feature across Facebook, Instagram, and Threads in the U.S., allowing users to provide context to posts, with a focus on reducing bias.
In another development, Ark Investment Management has trimmed its stake in Meta Platforms, marking its first sale of the company’s stock in about a year. This move reflects a shift in momentum for major U.S. tech stocks. Meanwhile, Meta’s open-source AI model, Llama, has achieved over one billion downloads, underscoring its widespread adoption across various industries.
Additionally, Meta Platforms has entered a significant power purchase agreement with RWE (LON:0HA0) for a 200 MW solar project in Texas, marking their third collaboration in recent months. This partnership aligns with Meta’s sustainability goals and highlights its commitment to renewable energy initiatives.
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