In a striking revelation, Meta CEO Mark Zuckerberg , JP Morgan Chase CEO Jamie Dimon , and Oracle CEO Safra Catz offloaded shares in the first quarter ahead of President Donald Trump’s tariff announcement that tumbled markets worldwide. According to a Bloomberg report, Zuckerberg sold 1.1 million shares worth $733 million in Q1 through his Chan Zuckerberg Initiative and its related foundation. The report says the shares sale was made in January and February when Meta’s stock was still trading above $600. The company’s shares have declined by 32% since then.
JP Morgan Chase CEO joins the pre-crash selloff
JP Morgan Chase CEO, on the other hand, allegedly sold nearly $234 million of stocks during the quarter. As per Bloomberg’s wealth index, Dimon has a net worth of $3 billion. Oracle CEO Safra Catz was another major seller, who offloaded 3.8 million shares worth $705 million before the company’s stock dropped over 30%. Her total fortune is now $2.4 billion, as per Bloomberg Billionaires Index.
According to Washington Service, Nikesh Arora - Chairman & CEO of Palo Alto Networks sold 2,365,196 shares worth $432,371,610. Stephen Cohen, President, Palantir Technologies reportedly sold 4,060,000 shares worth $337,239,916.
Donald Trump’s Liberation Day triggered market mayhem
On April 2—dubbed "Liberation Day" by President Donald Trump—the announcement of sweeping new tariffs sent shockwaves through global markets. These tariffs, targeting a vast array of imports, led to a historic two-day market crash, wiping out over $6.6 trillion in value from U.S. stocks.
While nearly all sectors were impacted, the tech sector also bore the brunt of this downturn. Elon Musk, for instance, saw his net worth plummet by $129 billion as tech stocks, including those of Tesla, suffered significant losses.
Amidst the turmoil, some billionaire insiders viewed the depressed stock prices as buying opportunities, increasing their stakes in various companies. However, the timing of substantial stock sales by executives like Meta’s Mark Zuckerberg and Oracle’s Safra Catz, occurring just before the tariff announcements, has raised questions about potential insider knowledge and the fairness of these transactions.
JP Morgan Chase CEO joins the pre-crash selloff
JP Morgan Chase CEO, on the other hand, allegedly sold nearly $234 million of stocks during the quarter. As per Bloomberg’s wealth index, Dimon has a net worth of $3 billion. Oracle CEO Safra Catz was another major seller, who offloaded 3.8 million shares worth $705 million before the company’s stock dropped over 30%. Her total fortune is now $2.4 billion, as per Bloomberg Billionaires Index.
According to Washington Service, Nikesh Arora - Chairman & CEO of Palo Alto Networks sold 2,365,196 shares worth $432,371,610. Stephen Cohen, President, Palantir Technologies reportedly sold 4,060,000 shares worth $337,239,916.
Donald Trump’s Liberation Day triggered market mayhem
On April 2—dubbed "Liberation Day" by President Donald Trump—the announcement of sweeping new tariffs sent shockwaves through global markets. These tariffs, targeting a vast array of imports, led to a historic two-day market crash, wiping out over $6.6 trillion in value from U.S. stocks.
While nearly all sectors were impacted, the tech sector also bore the brunt of this downturn. Elon Musk, for instance, saw his net worth plummet by $129 billion as tech stocks, including those of Tesla, suffered significant losses.
Amidst the turmoil, some billionaire insiders viewed the depressed stock prices as buying opportunities, increasing their stakes in various companies. However, the timing of substantial stock sales by executives like Meta’s Mark Zuckerberg and Oracle’s Safra Catz, occurring just before the tariff announcements, has raised questions about potential insider knowledge and the fairness of these transactions.
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