Meta Dispute Spokesman CEO Mark Zuckerberg Resigns Next Year

Meta CEO Mark Zuckerberg is rumored to want to resign next year. (photo: Instagram @zuck)

JAKARTA - Meta Platforms Inc spokesman Andy Stone said in a tweet on Tuesday 22 November that reports of CEO Mark Zuckerberg resigning next year were false.

The news website The Leak reported the previous day that Zuckerberg would resign in 2023, citing unnamed insider sources. The report briefly made the company's shares rise 1%.

This is certainly an anomaly. Zuckerberg, known as the founder of Facebook, has invested a lot of funds for Metaverse research which has ultimately caused a lot of harm to many companies. Even Meta was forced to lay off 11 thousand employees.

Initially the information obtained by The Leak showed that Zuckerberg had decided to resign. The decision, according to insider sources, "will not affect the metaverse" - Mark's multi-billion dollar project, which has dragged Meta with him as the company experienced a significant decline in profit earlier this year.

Throughout the year, despite shareholders' skepticism and concerns, Zuckerberg has been determined to aggressively push for his plans at risk in the Metaverse VR's flagship product, which he says will pay off in the long term.

This insider leak makes sense in the context of huge investor pressure on Meta due to the company's losses.

According to a Financial Times report in October, investors vented their frustration with Zuckerberg's plans to double their investment in the Metaverse. This comes after a scathing open letter by Brad Gerstner, whose funds are Altimeter Capital, owns hundreds of millions of dollars worth of Meta shares.