Drew Angerer
2023 proved to be a remarkable year for Meta Platforms (NASDAQ:META), emerging as the top-performing stock after AI powerhouse Nvidia. The company’s shares experienced a staggering 178% surge during the “year of efficiency,” as CEO Mark Zuckerberg steered the business towards digital advertising and social media dominance while veering away from ambitious ventures like the Metaverse.
This resurgence in growth, accompanied by the stock nearing all-time highs, coincided with Zuckerberg’s surprising decision to offload nearly $500 million worth of Meta (META) shares, meticulously selling stocks on a daily basis from November 1 until the close of 2023 (His last sales occurred in November 2021).
Exploring the Implications
