Meta Shareholders Reject Bitcoin Proposal; AI Dominates Focus

Despite advocating for a portion of Meta’s cash reserves to be allocated towards Bitcoin hedging against inflation, the company’s shareholders voted down a proposal submitted by Ethan Peck. CEO Mark Zuckerberg’s controlling stake likely played a key role in the outcome. This move follows growing interest in corporate Bitcoin holdings globally, with companies like GameStop and H100 recently joining the ranks of publicly traded firms holding Bitcoin on their balance sheets. Meanwhile, Meta’s investment in AI research shows promise but faces internal struggles as talent departs and competition from rivals intensifies.