'He’s tone deaf to what the owners of the company want, outside of himself.'
notes that the company's financial structure makes ousting Zuckerberg a virtual impossibility. Disgruntled investors have had — and will continue to have — only one choice while he's still in power: sell, sell, sell.
"He’s tone deaf to what the owners of the company want, outside of himself," David Katz, the chief investment officer at Matrix Asset Advisors, told the financial news outlet. "The stock could double in a year with better management, with management that is more focused on shareholders."As the report notes, Facebook has taken on an unequal voting rights structure.
His massive majority stake means that Zuckerberg has, of course, been hit financially as the company's stock craters, with recentto the tune of $100 billion. But it appears to be the price he's willing to pay for control over his company's future. With 20 percent more investors dropping their Meta shares, it's clear that they don't share his confidence — and likely recognize that there was nothing they could do to change the CEO's mind.
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