In the wake of Meta’s impressive surge in share prices following stellar quarterly reports, a new concern has emerged among investors regarding the lifestyle choices of Meta’s CEO, Mark Zuckerberg. The Facebook co-founder’s avid participation in cage matches and high-risk activities such as mixed martial arts (MMA) and extreme sports has raised eyebrows among the shareholders, prompting the company to address these concerns in its recent Securities and Exchange Commission (SEC) filing.
In Meta’s latest SEC filing, the company expressed apprehension about Mark Zuckerberg’s lifestyle choices and how any potential injury or health risks to the CEO could pose a significant danger to the company’s stability.
The ‘risk factors’ section of the report highlights the company’s dependency on the performance of key personnel, emphasizing the potential risks associated with Zuckerberg’s engagement in combat sports, extreme activities, and recreational aviation. The filing states, “If Mr. Zuckerberg were to become unavailable for any reason, there could be a material adverse impact on our operations.”
Despite concerns from shareholders, Mark Zuckerberg responded to the matter with a touch of humor on X (formerly Twitter). In a tweet addressing Meta’s SEC filings, Zuckerberg playfully remarked, “Good point. Maybe investors should be more worried about me not doing MMA.” The CEO’s response came in reply to a tweet suggesting that his involvement in MMA has contributed to Meta’s stock surge.
Later, Zuckerberg added a GIF to his feed, stating, “High risk = high reward.”
While Mark Zuckerberg’s recent activities, including tearing his ACL in a mixed martial arts fight and his ongoing participation in activities like cage matches, extreme sports, hydrofoiling, and CrossFit, have raised concerns, Meta’s shares spiked by over 20 percent after the company posted its quarterly results. This surge resulted in Zuckerberg adding $27 billion to his net worth, surpassing Bill Gates on the Bloomberg Billionaire Index.
