Zuckerberg will resign as CEO of Meta next year? Official denial!

It is learned that according to foreign media reports, Mark Zuckerberg may resign as CEO of Meta next year. He also said that the decision to resign was made by himself after the company's poor performance. According to internal sources, Zuckerberg's resignation will not affect the Metaverse.

Meta spokesperson denies resignation rumors

Andy Stone, Meta's communications director, denied Zuckerberg's alleged resignation. "This is fake news," he responded on Twitter. And said that Mark Zuckerberg himself is unlikely to make a statement on the issue.

It is worth noting that according to Reuters, the resignation rumors caused the company's stock price to briefly rise by 1%.

Meta is having a hard time

Meta’s journey over the past decade has been nothing short of remarkable. As pressure mounted on Mark Zuckerberg, Silicon Valley and Wall Street have been abuzz with rumors and speculation about the company’s future.

The billionaire has been the company's CEO since day one, and it's hard to imagine how Meta would operate without him being present, responsible for making most of the decisions as a major shareholder.

Zuckerberg’s new challenges in the advertising market, continued competition with other more popular social networks, and most importantly, the failed bid for the Metaverse have resulted in Meta being excluded from the top 20 most valuable companies in the world by market capitalization, putting its top ranking in the United States in jeopardy.

In addition, an analysis conducted by Bloomberg in October found that Zuckerberg's wealth had shrunk by more than $100 billion in a year. Currently, his assets are only $37.7 billion, ranking him 28th on the world's richest list.

Meta consists of dual-class shares, meaning ordinary shareholders own one type of shares, Class A shares, while Zuckerberg and company veterans own Class B shares.

Class B shareholders have 10 votes per share, while Class A shareholders have only one vote, which means that the position of Meta's CEO and other Class B shareholders is unshakable.

AMZ23 has learned that Meta’s CEO owns 90% of the company’s Class B shares, enough to maintain one person’s control of the company. This makes him one of the most powerful executives on the entire planet.

Editor ✎Estella/

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