Investors are being officially
cautioned by Meta regarding the potential risk to its business posed by CEO
Mark Zuckerberg's passion for mixed martial arts. It's well-known that
Zuckerberg has developed a strong interest in MMA, regularly sharing photos of
his training sessions with UFC fighters and occasionally competing in local
matches.
Additionally, he underwent knee surgery last year following an ACL injury sustained during fight preparation. Meta Platforms Inc. has determined that disclosure of Zuckerberg's MMA enthusiasm is necessary for shareholders.
In its annual report filed on
February 2, the company emphasized its reliance on key personnel, notably Mark
Zuckerberg, stating, "We currently
depend on the continued services and performance of our key personnel,
including Mark Zuckerberg." The report's "key personnel"
section highlighted that Mr. Zuckerberg and certain other members of management
engage in high-risk activities such as combat sports, extreme sports, and
recreational aviation, which carry the potential for serious injury or death.
It further cautioned that if Mr. Zuckerberg were to become unavailable for any reason, it could significantly impact the company's operations. Previously, Meta's founder expressed his admiration for MMA during a conversation with podcast host and UFC commentator Joe Rogan, remarking, "it really is the best sport. Five minutes in I was like where has this been my whole life?"
He notably found himself in a
"will they or won't they?"
disagreement with fellow tech mogul Elon Musk, who suggested a charity fight
between them. Zuckerberg eventually called off the idea last August, expressing
on Instagram:
"I believe we can all agree Elon isn't genuinely interested, and it's
time to move forward," Zuckerberg stated. "I proposed a genuine date. Dana White offered to organize this as a
legitimate charity competition. Elon won't confirm a date, then mentions
needing surgery, and now suggests a practice round in my backyard instead."
While the CEO may not be facing off
against Musk, he remains involved in fighting. This fact is sufficient for Meta
to ensure its shareholders are informed about the significant risks involved.
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