Meta Shares Surge On ‘False’ Report Zuckerberg Is Resigning

Facebook CEO Mark Zuckerberg speaks about the new Facebook News feature at the Paley Center For Media on October 25, 2019 in New York City.

At a glance

  • The suggestion that Mark Zuckerberg might be retiring as CEO of Meta created a surge in the share price of Facebook’s parent company.
  • Meta quickly denied the report, though Zuckerberg faces mounting pressure from furious shareholders who have grumbled about his rampant spending on the metaverse.
  • Zuckerberg co-founded Facebook and has served as the only CEO in the company’s history.

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