Meta Stocks Soar After Dividend Announcement
Meta, the company behind Facebook and Instagram, recently revealed that it will start paying dividends to its shareholders in advance of its 20th anniversary. This exciting news caused the company’s market cap to surge by over $140 billion. However, Meta is now sounding a note of caution to investors concerning the personal lifestyle of its founder and CEO, Mark Zuckerberg.
In a statement accompanying its 2023 financial report, Meta expressed concerns about Zuckerberg’s involvement in combat sports, extreme sports, and recreational aviation. The company emphasized that its reliance on key personnel such as Zuckerberg means that their participation in high-risk activities carries the potential for serious injury or even death. Meta warned that if Zuckerberg were to become unavailable for any reason, it could negatively impact the company’s operations.
As the founder of Facebook and one of the wealthiest individuals in the world, with an estimated fortune of $161 billion, Zuckerberg has attracted attention for his conflicts with other high-profile figures. Last year, Zuckerberg and Elon Musk became embroiled in a public war of words, with the possibility of a boxing match between the two billionaires being teased on social media.
The feud began when Meta announced plans to launch a social media platform, Threads, to challenge Musk’s X, previously known as Twitter. Zuckerberg appeared to take a direct jab at Musk, referring to Threads as a platform controlled by a “sane” person, contrasting Musk’s takeover of Twitter in 2022.
This led to a series of jabs and taunts exchanged between the two, with Musk even suggesting a cage match against Zuckerberg. The idea of a physical confrontation gained traction, with reports of discussions between the two billionaires and UFC President Dana White about a potential fight, with all proceeds going to charity.
Despite the hype surrounding the potential face-off, it never materialized. However, Meta’s recent warning to investors about Zuckerberg’s participation in combat sports may still hold a glimmer of hope that the fight could happen. Some sportsbooks in the U.S. even produced hypothetical odds for the potential bout, with Zuckerberg emerging as the heavy favorite.
While the possibility of a showdown between Zuckerberg and Musk remains uncertain, it is clear that the ongoing clash between these tech titans has captured the public’s imagination.