Benzinga | Dec 31, 2021 07:05AM EST

Meta Official Sells Stock Worth $393K

* Meta Platforms Inc (NASDAQ:FB) General Counsel Jennifer Newstead sold 1,120 shares on December 28 for ~$393,000.

* Related Content: Why Are Meta Shares Rising Today?

* Meta, formerly Facebook, is the world's largest online social network, with 2.9 billion monthly active users. Advertising revenue represents more than 90% of the firm's total revenue.

* Price Action: FB shares traded lower by 0.1% at $344 in the premarket session on the last check Friday.