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Friday, April 19 2024

Zuckerberg’s Combat Sports Raise Meta Investor Concerns; CEO Responds

Photo Credit : Twitter

In its most recent financial report, Meta revealed a potential risk related to Mark Zuckerberg, the company’s CEO. According to a CNBC report, the company expressed dissatisfaction with Mr. Zuckerberg’s lifestyle choices, stating that his involvement in mixed martial arts (MMA) and extreme sports is not just a matter of personal preference but also could pose a risk to Meta and its investors.

The risk of serious injury or worse was mentioned in the report, which was turned in last Friday. Mr. Zuckerberg is known to enjoy combat sports, extreme sports, and even aviation. “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 stated.

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

Responding to the news of the same, Mr Zuckerberg wrote on Threads, “Good point. Maybe investors should be more worried about me *not* doing MMA.” He was replying to a user who said, “@zuck doing MMA poses risk to Meta? Ever since he started training the stock is up like 500%.” Later, the Meta CEO posted a GIF stating, “High risk = high reward.”

The chief executive officer, who holds the lion’s share of Meta stock, disclosed in November that he suffered an anterior cruciate ligament (ACL) tear while preparing for a mixed martial arts tournament. He is seen on a hospital bed with his left leg bandaged and wearing a brace to support it in an Instagram photo. “I tore my ACL sparring and just had surgery to replace it,” he wrote. Thank you to the physicians and their team for my care. My goal of training for a competitive mixed martial arts fight early in the upcoming year has been postponed. I’m still excited to complete it once I’m well. I appreciate all of the love and support I’ve received.

Notably, Mr Zuckerberg has trained in Brazilian jiu-jitsu, a self-defence martial art, for more than a year and won an amateur tournament. In July 2023, he was awarded his blue belt in Brazilian Jiu-Jitsu by his coach.

In October, he posted a selfie on Instagram, showing his face swollen and marked by multiple bruises under the eyes and on the nose. The Meta CEO explained that it happened when sparring, a common training method in combat sports, got out of hand.


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A post shared by Mark Zuckerberg (@zuck)

There was also talk of a potential cage match between Mr Zuckerberg and Tesla CEO Elon Musk, following a public exchange between the two tech moguls on social media in 2023. Several weeks later, Meta CEO said Mr Musk “isn’t serious” about the fight and that it was “time to move on”.

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

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