Meta covers all bases in latest 10-K, including trial by combat
Feb. 02, 2024 4:27 PM ET
By: Brandon Evans, SA News Editor
8 Comments
 Drew Angerer/Getty Images News
In Meta's (NASDAQ: META) latest annual filing, the social network Goliath appears prepared to battle David.
"We currently depend on the continued services and performance of our key personnel, including Mark Zuckerberg," reads the 10-K. "Mr. Zuckerberg and certain other members of management participate in various high-risk activities, such as combat sports ... which carry the risk of serious injury and death.
If Mr. Zuckerberg were to become unavailable for any reason, there could be a material adverse impact on our operations."
Tesla ( TSLA) Chief Executive and owner of Facebook-rival X Elon Musk appeared ready to battle Zuckerberg in a UFC-style cage match last year after Musk repeatedly made fun of Facebook's competitor to X, Threads.
However, the match never happened. "I think we can all agree Elon isn't serious and it's time to move on," Zuckerberg posted last August. "Elon won't confirm a date, then says he needs surgery, and now asks to do a practice round in my backyard instead ... I'm going to focus on competing with people who take the sport seriously."
Regardless of the risks facing Meta and its executives, the stock ended the week on a tear, gaining 20.3% to finish at $474.99 on Friday. |
