Investors beware
Meta warns about boss Zuckerberg’s “high-risk” hobbies
February 6, 2024, 7:06 a.m
For the first time, Facebook parent Meta refers to his boss’s private activities with a risk warning. Because Mark Zuckerberg’s hobbies could have “significant negative consequences” for the business. The company speaks of serious injuries and possible death.
Facebook founder Mark Zuckerberg’s enthusiasm for martial arts is forcing the meta-group he leads to issue an unusual warning to investors. Zuckerberg and some other managers engaged in “high-risk activities such as martial arts, extreme sports and recreational flying” that could “lead to serious injury and death,” Meta noted in the detailed report for last year published over the weekend.
It is the first time that the Facebook Group has included such a reference to its boss’s hobbies in its usual risk warnings for investors. As before, Meta also emphasized that if Zuckerberg were no longer available for whatever reason, this would have “significant negative consequences” for the business.
The Facebook boss has been practicing Brazilian Jiu-Jitsu for years and has even taken part in tournaments. However, in November 2023 he seriously injured his cruciate ligament and had to undergo surgery. His passion for martial arts led to him being challenged to a cage fight by Elon Musk last year after Musk completed the acquisition of X, formerly Twitter, which was set to lead to a battle of billionaire social media tycoons. In addition, Zuckerberg is said to have reportedly started working on getting a pilot’s license in 2023.
Zuckerberg has control over Meta thanks to shares with more voting rights than ordinary investors – and still has a leading role in determining the company’s strategy. Meta has billions of users on its services such as Facebook, Instagram and WhatsApp.