Facebook Shareholders Attack Zuckerberg, Call Out ‘Dystopian Downsides’ of Metaverse

Facebook’s stock has dropped 34 percent sparking anger from a group of shareholders. Among other complaints, the shareholders are deeply concerned by the “dystopian downsides” of Zuckerberg’s much-heralded Metaverse.

The New York Post reports that a group of Facebook (now known as Meta) shareholders are deeply angered by CEO Mark Zuckerberg’s leadership as the company’s shares have plummeted by 34 percent. Investors are reportedly pushing two resolutions at the next shareholder meeting that they say would provide essential oversight of Facebook and Instagram, and would explore the possible “dystopian downsides” of the Metaverse project.

In an effort to garner support for the resolutions, the corporate accountability group SumOfUs which is currently working with activist investors is sending a report to over 4,000 investors with stakes in Facebook, including firms such as Vanguard, Fidelity, and BlackRock.