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