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by mcast 1596 days ago
>In most companies the board would have required the resignation of the CEO after the historically bad results yesterday

That's a strong claim. The stock only dropped 25%, other tech company stocks have dropped as much as 50% in the last few quarters (Snap, DocuSign, etc.) and haven't changed leadership.
2 comments
samwillis 1596 days ago
Meta literally made the history books yesterday with the larges one day drop in market capitalisation of any company in history. That's $200B of shareholder value wiped out. If I was an intuitional investor I would be asking for his resignation.

https://www.bloomberg.com/news/articles/2022-02-03/meta-set-...

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myvoiceismypass 1596 days ago
Yeah Netflix had a big post-earnings drop, too, and Reed Hastings ain't going anywhere.
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