METAMeta Platforms, Inc.
Industry Megacap tech Updated 28 Sep 2026 Price 23 Oct 2026
If management hits its targets, one share in 12 months
$643 → $757
What the podcasts say
10 bullish · 5 bearish · 12 speakers · 6 showsWhat investors said about this company on the podcasts we transcribe, newest first. Bullish means the speaker expects the stock to do well, bearish means they expect it to do badly.
- Bullish
- Bullish
- Bullish
- Bearish
- Bullish
- Bullish
- Bearish
- Bullish
Promises vs. what happened
15 claims · 8 releasesEvery target management put in a slide deck, and whether they hit it, missed it, or quietly dropped it.
| Promise | Made in | What happened | |
|---|---|---|---|
| 2025 costs $114-119B | Q4 '24 | $117.7B | Held |
| Strong growth through 2025 | Q4 '24 | +22% | Held |
| Q4 '25 growth below Q3's | Q2 '25 | 24% after 26% | Held |
| 2026 cost growth above 2025's 24% | Q2 '25 | guided 49-52% | Held |
| Q3 '26 revenue $61-64B | Q2 '26 | $64.6B | Held |
| 2025 tax rate 12-15% | Q4 '24 | 30% reported, 13% before a $15.9B charge | Late |
| Most 2025 capex to the core business | Q4 '24 | sentence gone from Jul '25 | Dropped |
| 2026 operating income above 2025's $83.3B | Q4 '25 | 9 months $54.6B; now before a $9.9B charge | Open |
| Reality Labs losses flat on 2025 | Q4 '25 | now guided down to $18-19B | Open |
| Q4 '26 revenue $73-76B | Q3 '26 | reports late Jan '27 | Open |
| Strong revenue growth through 2027 | Q3 '26 | no number given | Open |
| Reality Labs losses about $15B in 2027 | Q3 '26 | 2027 not begun | Open |
| 2025 capex $60-65B | Q4 '24 | $72.2B after three raises | Missed |
| 2026 capex $115-135B | Q4 '25 | $135-145B by October | Missed |
| 2026 costs $162-169B | Q4 '25 | raised to $175-179B for legal charges | Missed |
What they’re pitching
the headline page, release by releaseThe headline from each quarterly results deck over two years, so you can see what they want you to focus on, and when it changes.
'24Q1
'25Q2
'25Q3
'25Q4
'25Q1
'26Q2
'26Q3
'26
CEO linePage one since Q4 '24
RevenuePage one since Q4 '24
CostsPage one since Q4 '24
CapexPage one since Q4 '24
BuybacksPage one since Q4 '24
FCFPage one since Q4 '24
UsersPage one since Q4 '24
One-offsPage one since Q3 '26
Class CPage one since Q3 '26
on the headline page further in the release not in the release▲ onto page one▼ off page one● first mentionTap a mark for the quote.
The chief executive's line
“"We continue to make good progress on AI, glasses, and the future of social media," said Mark Zuckerberg, Meta founder and CEO. "I'm excited to see these efforts scale further in 2025."”
Deck Meta Reports Fourth Quarter and Full Year 2024 Results (release, Ex. 99.1) · p. 1 ·
The chief executive's line
“"We're making good progress on AI glasses and Meta AI, which now has almost 1 billion monthly actives."”
Deck Meta Reports First Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
The chief executive's line
“"We've had a strong quarter both in terms of our business and community," said Mark Zuckerberg, Meta founder and CEO. "I'm excited to build personal superintelligence for everyone in the world."”
Deck Meta Reports Second Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
The chief executive's line
“Superintelligence Labs is off to a great start and we continue to lead the industry in AI glasses. If we deliver even a fraction of the opportunity ahead, then the next few years will be the most exciting period in our history."”
Deck Meta Reports Third Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
The chief executive's line
“"We had strong business performance in 2025," said Mark Zuckerberg, Meta founder and CEO. "I'm looking forward to advancing personal superintelligence for people around the world in 2026."”
Deck Meta Reports Fourth Quarter and Full Year 2025 Results (release, Ex. 99.1) · p. 1 ·
The chief executive's line
“Superintelligence Labs," said Mark Zuckerberg, Meta founder and CEO. "We're on track to deliver personal superintelligence to billions of people."”
Deck Meta Reports First Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
The chief executive's line
“"AI is accelerating our core business today, powering our next generation of products, and opening the door to entirely new enterprise opportunities," said Mark Zuckerberg, Meta founder and CEO.”
Deck Meta Reports Second Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
The chief executive's line
“"We hit major milestones this quarter toward delivering personal superintelligence for everyone - including launching Muse and Muse Wonder, our first frontier model," said Mark Zuckerberg, Meta founder and CEO.”
Deck Meta Reports Third Quarter 2026 Results (release, Ex. 99.1) ·
Revenue growth
“Revenue – Revenue was $48.39 billion and $164.50 billion, representing increases of 21% and 22% year-over-year for the fourth quarter and full year 2024, respectively.”
Deck Meta Reports Fourth Quarter and Full Year 2024 Results (release, Ex. 99.1) · p. 1 ·
Revenue growth
“Revenue – Revenue was $42.31 billion, an increase of 16% year-over-year. Revenue on a constant currency basis would have increased 19% year-over-year.”
Deck Meta Reports First Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Revenue growth
“Revenue – Revenue was $47.52 billion , which increased by 22% year-over-year on both a reported and constant currency basis.”
Deck Meta Reports Second Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Revenue growth
“Revenue – Revenue was $51.24 billion, an increase of 26% year-over-year. Revenue on a constant currency basis would have increased 25% year-over-year.”
Deck Meta Reports Third Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Revenue growth
“Revenue – Revenue was $59.89 billion and $200.97 billion, representing increases of 24% and 22% year-over-year for the fourth quarter and full year 2025, respectively.”
Deck Meta Reports Fourth Quarter and Full Year 2025 Results (release, Ex. 99.1) · p. 1 ·
Revenue growth
“Revenue – Revenue was $56.31 billion, an increase of 33% year-over-year. Revenue on a constant currency basis would have increased by 29% year-over-year.”
Deck Meta Reports First Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Revenue growth
“Revenue – Revenue was $60.80 billion, an increase of 28% year-over-year. Revenue on a constant currency basis would have increased by 27% year-over-year.”
Deck Meta Reports Second Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Revenue growth
“Revenue – Revenue was $64.60 billion, an increase of 26% year-over-year on both a reported and constant currency basis.”
Deck Meta Reports Third Quarter 2026 Results (release, Ex. 99.1) ·
Costs growing faster than revenue
“Costs and expenses – Total costs and expenses were $25.02 billion and $95.12 billion, representing increases of 5% and 8% year-over-year for the fourth quarter and full year 2024, respectively.”
Deck Meta Reports Fourth Quarter and Full Year 2024 Results (release, Ex. 99.1) · p. 1 ·
Costs growing faster than revenue
“Costs and expenses – Total costs and expenses were $24.76 billion, an increase of 9% year-over-year.”
Deck Meta Reports First Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Costs growing faster than revenue
“Costs and expenses – Total costs and expenses were $27.07 billion, an increase of 12% year-over-year.”
Deck Meta Reports Second Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Costs growing faster than revenue
“Costs and expenses – Total costs and expenses were $30.71 billion, an increase of 32% year-over-year.”
Deck Meta Reports Third Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Costs growing faster than revenue
“Costs and expenses – Total costs and expenses were $35.15 billion and $117.69 billion, representing increases of 40% and 24% year-over-year for the fourth quarter and full year 2025, respectively.”
Deck Meta Reports Fourth Quarter and Full Year 2025 Results (release, Ex. 99.1) · p. 1 ·
Costs growing faster than revenue
“Costs and expenses – Total costs and expenses were $33.44 billion, an increase of 35% year-over-year.”
Deck Meta Reports First Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Costs growing faster than revenue
“Costs and expenses – Total costs and expenses were $42.03 billion, an increase of 55% year-over-year. This includes”
Deck Meta Reports Second Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Costs growing faster than revenue
“Costs and expenses – Total costs and expenses were $51.61 billion, an increase of 68% year-over-year. This includes the litigation charge as discussed above.”
Deck Meta Reports Third Quarter 2026 Results (release, Ex. 99.1) ·
Capital expenditures
“Capital expenditures – Capital expenditures, including principal payments on finance leases, were $14.84 billion and $39.23 billion for the fourth quarter and full year 2024, respectively.”
Deck Meta Reports Fourth Quarter and Full Year 2024 Results (release, Ex. 99.1) · p. 1 ·
Capital expenditures
“Capital expenditures – Capital expenditures, including principal payments on finance leases, were $13.69 billion.”
Deck Meta Reports First Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Capital expenditures
“Capital expenditures – Capital expenditures, including principal payments on finance leases, were $17.01 billion.”
Deck Meta Reports Second Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Capital expenditures
“Capital expenditures – Capital expenditures, including principal payments on finance leases, were $19.37 billion.”
Deck Meta Reports Third Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Capital expenditures
“Capital expenditures – Capital expenditures, including principal payments on finance leases, were $22.14 billion and $72.22 billion for the fourth quarter and full year 2025, respectively.”
Deck Meta Reports Fourth Quarter and Full Year 2025 Results (release, Ex. 99.1) · p. 1 ·
Capital expenditures
“Capital expenditures – Capital expenditures, including principal payments on finance leases, were $19.84 billion.”
Deck Meta Reports First Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Capital expenditures
“Capital expenditures – Capital expenditures, including principal payments on finance leases, were $31.08 billion.”
Deck Meta Reports Second Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Capital expenditures
“Capital expenditures – Capital expenditures, including principal payments on finance leases, were $34.91 billion.”
Deck Meta Reports Third Quarter 2026 Results (release, Ex. 99.1) ·
Buybacks, then none
“Capital return program – Share repurchases of our Class A common stock were nil and $29.75 billion, and total dividend and dividend equivalent payments were $1.27 billion and $5.07 billion for the fourth quarter and full year 2024, respectively.”
Deck Meta Reports Fourth Quarter and Full Year 2024 Results (release, Ex. 99.1) · p. 1 ·
Buybacks, then none
“Capital return program – Share repurchases of our Class A common stock were $13.40 billion and total dividend and dividend equivalent payments were $1.33 billion.”
Deck Meta Reports First Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Buybacks, then none
“Capital return program – Share repurchases of our Class A common stock were $9.76 billion and total dividend and dividend equivalent payments were $1.33 billion.”
Deck Meta Reports Second Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Buybacks, then none
“Capital return program – Share repurchases of our Class A common stock were $3.16 billion and total dividend and dividend equivalent payments were $1.33 billion.”
Deck Meta Reports Third Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Buybacks, then none
“Capital return program – Share repurchases of our Class A common stock were nil and $26.26 billion , and total dividend and dividend equivalent payments were $1.34 billion and $5.32 billion for the fourth quarter and full year 2025, respectively.”
Deck Meta Reports Fourth Quarter and Full Year 2025 Results (release, Ex. 99.1) · p. 1 ·
Buybacks, then none
“Capital return program – Dividend and dividend equivalent payments were $1.35 billion.”
Deck Meta Reports First Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Buybacks, then none
“Capital return program – Dividend and dividend equivalent payments were $1.35 billion.”
Deck Meta Reports Second Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Buybacks, then none
“Capital return program – Dividend and dividend equivalent payments were $1.36 billion.”
Deck Meta Reports Third Quarter 2026 Results (release, Ex. 99.1) ·
Free cash flow
“$77.81 billion as of December 31, 2024. Free cash flow was $13.15 billion and $52.10 billion for the fourth quarter and full year 2024, respectively.”
Deck Meta Reports Fourth Quarter and Full Year 2024 Results (release, Ex. 99.1) · p. 1 ·
Free cash flow
“$70.23 billion as of March 31, 2025. Cash flow from operating activities was $24.03 billion and free cash flow was $10.33 billion.(1)”
Deck Meta Reports First Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Free cash flow
“$47.07 billion as of June 30, 2025 . Cash flow from operating activities was $25.56 billion and free cash flow was $8.55 billion.(1)”
Deck Meta Reports Second Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Free cash flow
“$44.45 billion as of September 30, 2025 . Cash flow from operating activities was $30.0 billion and free cash flow was $10.62 billion.(1)”
Deck Meta Reports Third Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Free cash flow
“Cash flow – Cash flow from operating activities was $36.21 billion and $115.80 billion, and free cash flow was $14.08 billion and $43.59 billion for the fourth quarter and full year 2025, respectively.(1)”
Deck Meta Reports Fourth Quarter and Full Year 2025 Results (release, Ex. 99.1) · p. 1 ·
Free cash flow
“Cash flow – Cash flow from operating activities was $32.23 billion, and free cash flow was $12.39 billion.(1)”
Deck Meta Reports First Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Free cash flow
“Cash flow – Cash flow from operating activities was $31.86 billion, and free cash flow was $784 million.(1)”
Deck Meta Reports Second Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Free cash flow
“Cash flow – Cash flow from operating activities was $32.79 billion, and free cash flow was negative $2.12 billion. (1)”
Deck Meta Reports Third Quarter 2026 Results (release, Ex. 99.1) ·
Family daily active people
“Family daily active people (DAP) – DAP was 3.35 billion on average for December 2024, an increase of 5% year-over-year.”
Deck Meta Reports Fourth Quarter and Full Year 2024 Results (release, Ex. 99.1) · p. 1 ·
Family daily active people
“Family daily active people (DAP) – DAP was 3.43 billion on average for March 2025, an increase of 6% year-over-year.”
Deck Meta Reports First Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Family daily active people
“Family daily active people (DAP) – DAP was 3.48 billion on average for June 2025, an increase of 6% year-over-year.”
Deck Meta Reports Second Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Family daily active people
“Family daily active people (DAP) – DAP was 3.54 billion on average for September 2025, an increase of 8% year-over-year.”
Deck Meta Reports Third Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
Family daily active people
“Family daily active people (DAP) – DAP was 3.58 billion on average for December 2025, an increase of 7% year-over-year.”
Deck Meta Reports Fourth Quarter and Full Year 2025 Results (release, Ex. 99.1) · p. 1 ·
Family daily active people
“The slight decline in DAP on a quarter-over-quarter basis was driven by internet disruptions in Iran, as well as a restriction on access to WhatsApp in Russia.”
Deck Meta Reports First Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Family daily active people
“Family daily active people (DAP) – DAP was 3.60 billion on average for June 2026, an increase of 3% year-over-year.”
Deck Meta Reports Second Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
Family daily active people
“Family daily active people (DAP) – DAP was 3.64 billion on average for September 2026, an increase of 3% year-over-year.”
Deck Meta Reports Third Quarter 2026 Results (release, Ex. 99.1) ·
One-offs: tax and legal
“Net income would have increased by $15.93 billion to $18.64 billion, compared to the report ed net income of $2.71 billion.”
Deck Meta Reports Third Quarter 2025 Results (release, Ex. 99.1) · p. 1 ·
One-offs: tax and legal
“Absent the valuation allowance charge as of the enactment date, our full year 2025 effective tax rate would have decreased by 17 percentage points to 13%, compared to the reported effective tax rate of 30%.”
Deck Meta Reports Fourth Quarter and Full Year 2025 Results (release, Ex. 99.1) · p. 1 ·
One-offs: tax and legal
“(1) Includes an $8.03 billion income tax benefit recognized in the first quarter of 2026 , which partially offsets the $15.93 billion non-cash tax charge recorded in the third quarter of 2025 upon enactment of the One Big Beautiful Bill Act.”
Deck Meta Reports First Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
One-offs: tax and legal
“$2.40 billion of charges related to legal proceedings and $1.18 billion of severance expenses in connection with the May 2026 headcount reduction.”
Deck Meta Reports Second Quarter 2026 Results (release, Ex. 99.1) · p. 1 ·
One-offs: tax and legal
“Third quarter 2026 costs and expenses includes a $9.89 billion charge related to this agreement.”
Deck Meta Reports Third Quarter 2026 Results (release, Ex. 99.1) ·
Non-voting Class C stock
“The Board of Directors has approved the establishment of a new class of publicly listed, non-voting Class C common stock, with an effective date in January 2027.”
Deck Meta Reports Third Quarter 2026 Results (release, Ex. 99.1) · CFO Outlook Commentary ·
What they keep talking about · 11
The themes that show up deck after deck, and the ones that disappear.
- CEO line
- AI in every quote; 'personal superintelligence' from Q2 '25; the core business in Q2 '26; a first frontier model, Muse, in Q3 '26.
- Revenue
- 16-33% growth every quarter, and above the guided range five times in seven, Q3 '26 included.
- Costs
- 9% growth in Q1 '25 against 16% revenue; 68% in Q3 '26 against 26%, with a $9.9B legal charge.
- Capex
- $14.8B a quarter to $34.9B; the year's range is raised more often than it holds.
- Buybacks
- $13.4B, $9.8B and $3.2B in the first three quarters of 2025, none since; from Q1 '26 the capital return line names only the dividend.
- FCF
- $13.2B in Q4 '24, $0.8B in Q2 '26, -$2.1B in Q3 '26.
- Users
- 3.35B to 3.64B daily people; growth 8% to 3%, with a first quarter-on-quarter dip in Q1 '26 blamed on Iran and Russia.
- One-offs
- A $15.9B tax charge in Q3 '25 and an $8.0B benefit in Q1 '26, then legal charges of $2.4B in Q2 '26 and $9.9B in Q3 '26.
- Class C
- New in Q3 '26, in the release's title: a non-voting share, one per existing share from Jan '27, for raising capital, pay and acquisitions.
- New
- Q2 '25: a first look at the next year's costs. Q4 '25: the only profit promise. Q3 '26: Reality Labs loss guides for 2026 and 2027.
- Quiet
- Gone after Q1 '25: 'the majority of our capital expenditures ... directed to our core business'. Never given: a margin, a year's revenue or an AI return.
Every quarterly report we’ve saved · 18
The press releases and shareholder letters behind this page.
- Q3 2026 release · 8-K 21 Oct 2026
- Q2 2026 release · 8-K 29 Jul 2026
- Q1 2026 release · 8-K 29 Apr 2026
- Q4 2025 release · 8-K 28 Jan 2026
- Q3 2025 release · 8-K 29 Oct 2025
- Q2 2025 release · 8-K 30 Jul 2025
- Q1 2025 release · 8-K 30 Apr 2025
- Q4 2024 release · 8-K 29 Jan 2025
- Q3 2024 release · 8-K 30 Oct 2024
- ? release · filed copy
- ? release · filed copy
- ? release · filed copy
- ? release · filed copy
- ? release · filed copy
- ? release · filed copy
- ? release · filed copy
Archived as text; the links open the copies filed on EDGAR or the investor-relations site.
What analysts asked them
8 calls · Q3 24 – Q2 26The last eight earnings calls: what analysts kept asking about, which questions got dodged, and how much the CEO did the talking.
Share of questions by topic, call by call. A topic that suddenly dominates is usually the problem. The last row is how much of the answering the CEO did, rather than the CFO or others.
| Share of questions about… | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|
| Demand & customers | 11% | 25% | 11% | 12% | 40% | 11% | 11% | 57% |
| Growth & sales | 22% | 25% | 11% | 38% | 40% | 22% | 22% | 14% |
| Pricing & margins | 22% | 25% | 22% | 12% | 10% | · | · | 14% |
| Guidance & outlook | 22% | 25% | 44% | 12% | 60% | 22% | 11% | · |
| Capacity & supply | · | 12% | 44% | 12% | 20% | 33% | 11% | 43% |
| Capital & financing | 22% | 38% | 44% | 62% | 30% | 33% | 33% | 29% |
| Competition | · | 12% | 33% | · | 20% | · | 11% | 29% |
| Products & technology | 78% | 38% | · | 50% | 70% | 67% | 89% | 71% |
| Macro & regulation | · | · | 11% | · | · | 11% | · | · |
| Other | 11% | · | · | · | · | 11% | · | · |
| Questions | 9 | 8 | 9 | 8 | 10 | 9 | 9 | 7 |
| How much the CEO talked | 99% | 61% | 98% | 61% | 66% | 44% | 99% | 80% |
Who’s in charge, who’s selling
read from the filings · 23 Oct 2026Shareholder votes against the board and pay, plus which executives have been selling their own shares.
Tier 1 · stable
One shareholder holds 60.8% of the votes
Zuckerberg holds 99.8% of the ten-vote Class B. One share one vote drew about 26% of votes cast in 2025 and 2026; since his bloc is about 3.42B votes, that is most of everyone else's. Meta is a controlled company under Nasdaq rules.
Tier 2 · worsening
Capex guide raised five times in two years; buybacks stopped; debt tripled
2025 capex $60-65B guided, $72.2B spent. 2026 went $115-135B to $135-145B. Q3 '26 free cash flow -$2.12B. No buyback after Q3 '25. Long-term debt $28.8B to $83.7B, with $349B of commitments off the balance sheet.
Tier 2 · worsening
$2.4B of legal charges in a quarter, and youth trials that 'may ultimately result in a material loss'
Q2 '26 carried $2.40B of legal charges and $1.18B of severance. The releases warn of material losses from youth-related trials; the EU issued preliminary DSA findings in April and July '26; the FTC is appealing the case Meta won.
Tier 2 · stable
The founder may pledge; a director's company sold Meta $2.3B
Pledging is allowed within caps (20% of his holding, loans up to 5% of its value). Meta paid Broadcom, run by director Hock Tan, about $2.3B in 2025; Tan left the board in May '26.
Tier 3 · stable
Officers' bonus target raised to 200%; say on pay every three years
Named officers' target bonus went from 75% to 200% of salary in 2025, on a committee-judged company percentage (115%). Say on pay drew 10.5% against in 2025 and is next held in 2028. Insiders sold $391.5M and bought nothing.
Accounting rule changes 1 in 1 quarters
- Q4 '24Server and network asset lives extended to 5.5 years from 2025, about $2.9B less 2025 depreciation
Where shareholders voted no
At each annual meeting shareholders vote on who sits on the board, what the executives are paid and whether the company may create more shares. These are the votes that drew the most "no"s at the last two meetings: the shares voted against (or withheld) each year, then what share of all votes cast that was. Under each one, what the vote was about and what a no means.
| 2025 | 2026 | Share 2026 | |
|---|---|---|---|
| ElkannA board seat. Shareholders vote to keep this person on the board, the group that hires, pays and can fire the CEO. A no, or a withheld vote, says they want this director out, often because of the committee they sit on or a decision they signed off. | 527.5M | 858.6M | 17.3% |
| Alford (compensation chair)A board seat. | 699.8M | 677.5M | 13.6% |
| HoustonA board seat. | 487.6M | 443.6M | 8.9% |
| WhiteA board seat. | 19.6M | 426.6M | 8.6% |
| Zuckerberg (chairman and CEO)A board seat. | 366.6M | 318.5M | 6.4% |
| AndreessenA board seat. | 694.4M | 201.9M | 4.1% |
Insiders who sold the most stock
Reported sales by executives and directors, biggest first.
| SEC insider data sets, Jul '25-Jun '26 | Sold | Note |
|---|---|---|
| Zuckerberg, CEO | $132.5M | 167 sales, all planned |
| Li, CFO | $118.6M | 47 sales |
| Cox, product | $58.1M | 13 sales |
| Olivan, COO | $33.0M | 129 sales |
| Bosworth, CTO | $32.9M | 21 sales |