'Meta' COO Continues Stock Sales… Headquarters Issues $25 Billion Long-Term Bonds

Meta Platforms, Inc. (NASDAQ: META) disclosed that on April 13 and April 20, Chief Operating Officer Javier Olivan sold Class A common shares on the open market under a pre-arranged Rule 10b5-1 trading plan. On April 13, Olivan disposed of approximately 3,844 shares at prices ranging from $626 to $635 per share, and on April 20 he sold 1,555 shares at $680.09 each. These transactions generated roughly $3.5 million in cash (about ₩5 billion). Olivan continues to hold a significant stake in Meta, both directly and indirectly, following these sales.

On May 4, Meta entered into a supplemental indenture to establish six series of unsecured senior notes linked to U.S. Treasury rates. These new notes, which include make-whole call and put-call options, carry fixed coupon rates of 4.55% to 6.45% and mature between 2031 and 2066. The offering is expected to raise up to $25 billion (approximately ₩35 trillion).

In its first-quarter 2026 earnings report, released April 29, Meta reported revenue of $56.31 billion, up 33% year-over-year. Meanwhile, in New Mexico, Meta faces litigation seeking up to $3.7 billion in fines and orders to restructure its platforms in a child protection suit. In Europe, the company is presenting its case at a public hearing to contest an EU directive that would require WhatsApp to permit access by competing AI chatbots.

Headquartered in Menlo Park, California, Meta Platforms operates Facebook, Instagram and WhatsApp. The company adopted its current name in 2021 to reflect its strategic focus on the metaverse and extended reality. More recently, Meta has expanded its role as an AI infrastructure provider—developing generative models in the Llama family and the Muse Spark platform, and investing in AI assistants, robotics and humanoid technologies.