Rumors circulated on Tuesday that Mark Zuckerberg is planning to step down as the CEO of Meta, the parent company of Facebook and Instagram.
Insiders reportedly told ‘The Leak’ that Zuckerberg decided to step down from the company amid plummeting profits.
Zuckerberg’s alleged decision reportedly would have no effect on the Metaverse, his multi-billion dollar virtual reality project that has gained little interest.
However, Meta officials denied the rumors that Zuckerberg planned to step down as CEO.
Comminications of $META are reporting this false: https://t.co/MYux3x2yf7
— unusual_whales (@unusual_whales) November 22, 2022
Meta stock climbs on ‘false' report that Mark Zuckerberg planned to resign as CEO https://t.co/g3OMzT61qw pic.twitter.com/7VKKISjbnz
— New York Post (@nypost) November 22, 2022
From The Leak:
According to a Financial Times report in October,…
