Meta is officially warning investors: CEO Mark Zuckerberg’s love of mixed martial arts poses a risk to its business.
Zuckerberg, as many people know by now, has become a big MMA fan, posting photos training ith UFC fighters, and even participating in some local matches. He also underwent knee surgery last year after injuring his ACL while training for a fight.
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Now his company, Meta Platforms Inc., has decided that Zuckerberg’s love for MMA needs to be disclosed to shareholders.
“We currently depend on the continued services and performance of our key personnel, including Mark Zuckerberg,” the company said in the “key personnel” section of its annual report, which it filed Feb. 2. “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.
“If Mr. Zuckerberg were to become unavailable for any reason, there could be a material adverse impact on our operations,” the section continued.
The Meta founder had previously waxed poetic about MMA in a conversation with podcast host (and UFC commentator) Joe Rogan, telling him “it really is the best sport. Five minutes in I was like where has this been my whole life?”
He also memorably was involved in a “will they or won’t they?” dispute with fellow tech billionaire Elon Musk, who proposed a fight between the two men, with all proceeds going to charity. Zuckerberg called it off last August, writing in an Instagram story:
“I think we can all agree Elon isn’t serious, and it’s time to move on,” Zuckerberg wrote. “I offered a real date. Dana White offered to make this a legit 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.”
Of course, the CEO may not be fighting Musk, but he is fighting. And that’s enough for Meta to make sure its shareholders know about the, uh, serious risks involved.
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