Facebook CEO Mark Zuckerberg rides a hydrofoil surfboard holding the American flag on July 4, 2021.
Mark Zuckerberg, Instagram
Mark Zuckerberg’s preference for blended martial arts and water sports activities is not only a particular hazard, but it truly is also a threat to investors.
In its yearly fiscal report for 2023 filed Friday, Meta disclosed a new chance element pertaining to Zuckerberg and any other executives engaged in likely perilous hobbies.
“Mr. Zuckerberg and specific other associates of management participate in different significant-chance pursuits, this sort of as beat athletics, excessive athletics, and recreational aviation, which carry the hazard of serious personal injury and loss of life,” Meta explained. “If Mr. Zuckerberg were to turn out to be unavailable for any motive, there could be a materials adverse influence on our functions.”
Zuckerberg, Meta’s founder, CEO and biggest shareholder, has a nicely-documented curiosity in MMA and severe sporting activities these types of as hydrofoiling, a pastime he showed off in patriotic fashion.
In November, Zuckerberg disclosed that he tore his anterior cruciate ligament, or ACL, through MMA instruction and experienced undergone surgical treatment to swap it.
His preventing hobby also produced headlines last 12 months as portion of an on the web spat with Tesla CEO Elon Musk. The tech executives, two of the world’s 4 richest men and women, have very long butted heads on issues related to synthetic intelligence and are direct rivals now that Musk owns social media platform X.
Zuckerberg and Musk experienced agreed to choose their rivalry into the cage for an MMA match. For a variety of factors, the combat was at some point known as off. Each individual accused the other of bailing.
In response to a Morning Brew put up on Threads about the new hazard factors, Zuckerberg posted a GIF stating, “High hazard = large reward.”
Meta shares soared Friday immediately after the corporation documented a tripling of fourth-quarter revenue and issued its to start with-at any time dividend.
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