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Metaverse Jitters: Investor Warning Raises Concerns

via Guardian News
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

Meta, the parent company of Facebook, has warned investors that CEO Mark Zuckerberg’s participation in high-risk activities like combat sports and extreme sports could potentially impact the company’s performance if he were to become unavailable.

This includes his involvement in Brazilian jiu-jitsu tournaments and training for a private pilot’s license.

The report also mentioned a proposed cage fight between Zuckerberg and Elon Musk, which ultimately did not materialize.

“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,” Meta wrote.

“If Mr. Zuckerberg were to become unavailable for any reason, there could be a material adverse impact on our operations,” Meta added.

“I’m up for a cage match if he is,” Musk wrote in mid-2023.

“I think we can all agree Elon isn’t serious and it’s time to move on. I offered a real date. Dana White offered to make this a legit competition for charity. Elon won’t confirm a date, then says he needs surgery, and now asks to do a practice round in my backyard instead,” Zuckerberg wrote.

“If Elon ever gets serious about a real date and official event, he knows how to reach me. Otherwise, time to move. I’m going to focus on competing with people who take the sport seriously,” he added.

Despite suffering a knee injury during MMA training, Zuckerberg expressed a desire to continue competing in the future.

“Tore my ACL sparring and just got out of surgery to replace it,” Zuckerberg wrote. “Grateful for the doctors and team taking care of me.”

“I was training for a competitive MMA fight early next year, but now that’s delayed a bit. Still looking forward to doing it after I recover. Thanks to everyone for the love and support,” he added.

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