Meta in its recent 10-K filing admitted that CEO Mark Zuckerberg’s hobbies such as MMA training and helicopter flying, could pose a threat to his life and the business. It added that their unavailability due to any reason whatsoever could have an adverse impact on the operations and even disrupt the business. A user on Instagram shared the report on Instagram Threads and pointed out that ever since Zuckerberg started participating in MMA, the Meta stock is up by around 500 per cent. The Meta CEO agreed with it and responded with his wit which garnered everyone’s attention.
Zuckerberg while agreeing with this wrote, “Good point. Maybe investors should be more worried about me *not* doing MMA.”
Post by @zuck
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Another user while reacting to the report emphasised the growing stock prices and wrote, “Let this man do anything he wants.” Zuckerberg while responding to this posted a GIF with the caption “High Risk = High Reward.”
Post by @zuck
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Meta 10-K Filing Report
Meta in its report stated, “The loss of one or more of our key personnel, or our failure to attract and retain other highly qualified personnel in the future, could harm our business. We currently depend on the continued services and performance of our key personnel, including Mark Zuckerberg. Mr. Zuckerberg and certain other members of management participate in various high-risk activities, such as combat sports, extreme sports, and recreational aviation, which carry the risk of serious injury and death.”
It added, “If Mr. Zuckerberg were to become unavailable for any reason, there could be a material adverse impact on our operations. The loss of other key personnel, including members of management as well as key engineering, product development, marketing, and sales personnel, could also disrupt our operations and have an adverse effect on our business.”
The stock prices of Meta have been on the rise for quite some time. It especially saw a rise after a challenge of an MMA fight between Twitter chief Elon Musk and Meta CEO Zuckerberg was made public. Since then, the latter’s interest in MMA has been clearly seen on social media platforms where videos of his training kept circulating.
