I've worked in the tech industry in the Bay Area my whole life and never heard this, so not exactly legendary. Maybe they're orgies that people keep hush hush.
So he has some wild in him. Good. If he wants Metaverse to succeed he needs to loosen up and let it happen there and not be such a prude. He's got rock and roll in the Metaverse but no sex or drugs. Perhaps he needs to do an adult Metaverse.