Rumors are spinning hot about Mark Zuckerberg resignation. Is Meta CEO Mark Zuckerberg resigning? Spokesperson Andy Stone wrote off the rumors via a tweet, terming the claims false.
A seemingly downward looking advertising revenue has led to plans to lay off a significant percentage of staff, signaling what might be the beginning of unpredictable times in the social media giant founded by Zuckerberg with monumental success along the way.
The Leak, a news site, started the rumors by reporting that Mark is preparing to resign in 2023. Attributing the rumors to information in their possession, the Leak said the resignation of Mark will not affect the company’s mega Metaverse projects that have consumed some significant amounts of money. Mark has ‘stubbornly’ pushed the metaverse concept, making big bets on technologies like VR and AR, amidst massive criticism.
Recently, the Financial Times reported on investor frustrations with Zuckerberg’s big Metaverse plans. This pointed to speculation that the CEO could be losing favor with a critical section of investors who do not believe that it’s the right time to double down on the metaverse.
The concerns by investors are founded on depressing figures. Take for instance that Meta’s worth has now come down to $256 billion, down from $1 trillion.
The metaverse is agreeably new, and many feel that while it could amount to something in future, Mark’s obsession with it might be the straw that ultimately brings him down. In a recent interview with Verge, he said that he loves the criticism as this is what actually propels him. “I kind of enjoy being doubted. If too many people think that what you are doing is obviously going to happen, then it gets a little comfortable””, he said.
The Metaverse is generally a new concept. This is why most of Zuckerberg’s critics point out that it’s too early to be overly ambitious about it. They argue that it is simply too early to tell if the concept will prove to be successful or sustainable in the long run. Moreover, some analysts also point out that achieving this goal quickly could lead to other unseen consequences such as economic instabilities or weaker digital security designs for users within the space. While further developments occur and Zuckerberg’s plans begin to unfold before us, some risk averse quarters opine that the smart decision, according to them, remains watching from a distance and remaining cautious until we have a better understanding of what lies ahead for individuals embracing this new universe. There’s no doubt about it—the Metaverse promises to bring about many new changes across different industries over time. For critics, the timing is not yet ripe. For Zuckerberg, this is the time.