Meta Shareholders Reject Proposal to Invest in Bitcoin

Despite shareholder proposals encouraging Meta to invest a portion of its cash into Bitcoin, Meta’s shareholders overwhelmingly rejected the proposal. With only 0.08% of votes in favor, this vote signals a clear preference for maintaining traditional investments. The proposal, put forward by Ethan Peck, argued that Bitcoin’s value as an inflation hedge could benefit Meta. However, concerns about Bitcoin’s volatility and potential impact on research and development likely swayed most shareholders against the investment.