FAST FIVE: Meta Denies Report Of Zuckerberg 2023 Departure
Meta Denies Report Of Zuckerberg 2023 Departure Update (1126ET): Meta spokesman, Andy Stone has denied the report, tweeting “This is false” in response.
* * * Shares of Meta are spiking after an unconfirmed report that CEO Mark Zuckerberg will step down next year.
According to the Leak, the decision “will not affect metaverse,” the company's multi-billion dollar project.
Information obtained by The Leak suggests that Zuckerberg has decided to step down himself.
The letter, which outlines how investors have lost trust in the company, lays out a three-point plan to right the ship which includes “Limit investment in metaverse / Reality Labs to no more than $5B per year.” Zuckerberg already has plans to let go of thousands of employees.