Chief Executive Officer (CEO) of Meta, Mark Zuckerberg reportedly intends to resign of his own free will in 2023, but insisted that the decision will not affect his multi-billion dollar metaverse project.
Even so, the resignation is expected to cause the company's stock price to decline even more than before, even though his project efforts are also the cause of the company's profit decline.
However, Zuckerberg remains firm even though most individuals still lack faith in his objective in continuing with plans related to the metaverse with VR that can provide various benefits in the long term.
Meanwhile, Facebook's shareholders, including investors, are less agreeable to Zuckerberg's idea of increasing investment into their next metaverse project, fearing that it will lead to a number of large losses.
This follows because the CEO of Altimeter Capital, Brad Gernster stated that the situation of his company is now in a critical state after investing hundreds of millions of dollars in Meta shares and this issue resulted in investors starting to lose faith in Zuckerberg.
As such, he is trying to find an alternative that can restore his company's performance after the stock plunged more than 70% from its all-time high.
In the meantime, Zuckerberg's firing of thousands of employees has sparked doubts among investors about his staff expenses, as described in an open letter by Altimeter Capital.
