Contrary to rumors on the internet, Mark Zuckerberg is not stepping down as CEO of Meta. Earlier today, The Leak reported, citing an unnamed insider source, that “Zuckerberg has stepped down himself.” The report came when investor confidence in the company is at an all-time low, and there is no shortage of major controversies.
Zuckerberg has invested billions of dollars in the metaverse, which he describes as “the next iteration of the internet that embraces immersion through augmented and virtual reality experiences.” Despite a poor start and difficulties in making metaverse-ready gear more affordable, the under-fire Meta CEO has showed an unwavering commitment to his metaverse ambitions.
Meanwhile, the Facebook co-net founder’s worth has plummeted dramatically as Meta’s stock has fallen precipitously. Zuckerberg’s net worth peaked at $142 billion a little more than a year ago, but it has since fallen to half that amount. Following the company’s most recent quarterly report, Zuckerberg’s net worth fell by $11 billion in a single day, according to Forbes.
With Meta stock losing its luster, Zuckerberg’s vision losing investor interest, and the social media industry facing its most difficult competition yet, it’s natural for Meta’s CEO to be under pressure. However, reports that he is planning to resign next year have been categorically denied. Officially.
Meanwhile, the Facebook co-net founder’s worth has plummeted dramatically as Meta’s stock has fallen precipitously. Zuckerberg’s net worth peaked at $142 billion a little more than a year ago, but it has since fallen to half that amount. Following the company’s most recent quarterly report, Zuckerberg’s net worth fell by $11 billion in a single day, according to Forbes.
George Soros, a prolific investor, and philanthropist called for Zuckerberg’s resignation in an open letter published in the Financial Times in 2020. When the platform was at the center of the election interference scandal in 2018, The Atlantic’s Robinson Meyer asked Zuckerberg if he would finally resign, and he replied, “No.”
When asked about the possibility of resigning in a CNN interview, Zuckerberg stated emphatically, “That’s not the plan.” Many experts, activists, and journalists have attempted to force Zuckerberg’s resignation over the years because of the many controversies that have arisen, but the Meta CEO has survived them all.
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Meanwhile, several high-profile departures have occurred. Kevin Systrom and Mike Krieger, co-founders of Instagram, left the company in 2018 because of disagreements with Zuckerberg’s vision for the product. The same year, WhatsApp CEO Jan Koum left Facebook, as did WhatsApp co-founder Brian Acton. Sheryl Sandberg, COO of Meta, recently resigned after 14 years at the social media behemoth.
