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Meta Platforms, led by CEO Mark Zuckerberg, raised unusual concerns for investors in its latest report filed with the Securities and Exchange Commission.
The company’s 10-K filing, a thorough review of its 2023 activities, cited the CEO’s penchant for high-adrenaline hobbies for the first time as a “risk factor,” suggesting the possibility of “serious injury or death.”
Zuckerberg, 39, is known as an adventurer with activities such as hydrofoiling and mixed martial arts, but his passions come with risks.
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During the pandemic, Zuckerberg discovered a new hobby called Brazilian Jiu-Jitsu, frequently updating social media with images of his workouts and toned physique. He was recognized for his efforts in the sport by winning gold and silver medals at the Brazilian Jiu-Jitsu tournament in May.
His dedication to these pursuits was highlighted last November when he suffered a torn ACL during a mixed martial arts training session, an incident he shared with his followers on Instagram. The post shows Zuckerberg lying in a hospital bed with his left leg wrapped and secured in a brace, proving that his adventures often come at a price.
Zuckerberg’s enthusiasm extends to surfing, which, despite his enthusiastic participation, has drawn playful criticism from online communities.
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Showing his passion for pushing boundaries, Zuckerberg entered the aviation industry by pursuing a pilot’s license. Federal Aviation Administration records show he earned his student pilot certification last year, showing progress in this often dangerous endeavor.
Meta’s recent SEC disclosures note that Zuckerberg’s array of “high-risk activities” including martial arts, extreme sports and recreational aviation pose unique challenges for the company.
The filing is frank about the potential impact on Meta’s business if these pursuits have serious consequences for Mr. Zuckerberg, and emphasizes the important role he plays within the company. . If the worst happens, he says, “it could have a significant negative impact on our society.” [Meta’s] operation. “
“We currently rely on the continued service and performance of key personnel, including Mark Zuckerberg,” the filing added.
Meta did not discuss the decision to add this warning to the latest 10-K. Similarly, there’s no word on whether Mr. Zuckerberg plans to take a step back from his many thrill-seeking hobbies.
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This article Meta warns of Zuckerberg’s deadly lifestyle — ‘Our operations could be materially adversely affected’ was originally published on Benzinga.com
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