Meta COO Javier Olivan disposes $2.27M in company shares
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Facebook parent Meta Platforms (NASDAQ:META) has disclosed a share sale by its chief operating officer Javier Olivan.
In a regulatory filing, the tech giant stated that Olivan sold 13341 shares of the firm's Class A common stock in a transaction dated Feb. 17, 2023. The shares were disposed at a price of $170.23 each in a total transaction size of $2.27M.
In other major development, Meta (META) is said to launch a monthly subscription service for Instagram and Facebook later this week
Shares of the Menlo Park, California-based firm were marginally down premarket