Facebook COO Sheryl Sandberg Sold Over 22 Million Facebook Shares Over 10 Years
The representative noted that the Facebook COO purchased 48 million restricted stock units, options, and shares while she served at the technology company.
The representative noted that the Facebook COO purchased 48 million restricted stock units, options, and shares while she served at the technology company.
The Facebook parent company Meta fell to the eighth position among the most valuable US companies following a decrease in market cap.
JPMorgan analysts downgraded FB stock from overweight to neutral on Thursday and lowered their price target from $385 to $284.
The company said that Apple’s privacy changes have cost their ad revenue to the tune of $10 billion during the fourth quarter of 2021. The company also reported an additional $10 billion loss in its AR/VR operations.
Meta’s recent stock troubles began after Britain’s Competition and Markets Authority (CMA) blocked the acquisition of Giphy, a major GIF platform.
Meta announced its new decision following the news of the departure of David Marcus.
Facebook’s latest earnings reports have a mixed bag of commentary from market analysts. The company is looking to invest into new avenues while devoting significant resources towards building metaverse.
As for the third quarter operational highlights, Facebook reported that its daily active users (DAUs) came in at 1.93 billion representing a 6% rise YoY.
The earnings details posted by Snap were disappointing enough to cause a plunge in stocks of Facebook, Twitter, and other social media companies.
The Facebook stock has risen approximately 23.27%, and 19.43% in the past year and YTD respectively.