Meta Investors Say No to Bitcoin—They Prefer Wallets Full of Plain Old Cash! 🚀💸

Confused shareholders holding papers

What to know:

  • Meta shareholders, enlightened as ever, have decisively rejected the notion of adorning their balance sheet with shiny Bitcoin—because who needs digital gold when cash is king? 👑
  • Out of billions (yes, billions—an impressive crowd), a mere 3.92 million voters found the idea appealing, representing an almost invisible 0.08%. The remaining ~5 billion? Firmly against, with none of them showing up for the vote.😂
  • It was Ethan Peck, a crypto evangelist and self-styled Wall Street prophet, who dared to suggest that Meta should stash some of its $72 billion in Bitcoin—probably to buy more Bitcoin memes and less Zuckerberg sandwiches.

According to a filing with the U.S. Securities and Exchange Commission, Meta (META)—the company formerly known as Facebook—has politely told the dreamers to take their Bitcoin fantasies elsewhere.

Less than 4 million votes in favor versus the staggering 5 billion against. Peck, the brave hero of blockchain, also aimed similar arrows at Microsoft and Amazon, though both seem content with their current loot—no surprise there! 🥱

Back in the day, Meta dipped its toes into crypto waters with Libra—an ambitious attempt at creating a global coin—only to be drowned by regulators and internal crises. The project was rebranded as Diem and promptly sank into oblivion.

Meanwhile, Meta’s crypto ambitions are as clear as mud—metaverse here, stablecoins there, and a dash of “what are we doing again?” sprinkled about. The company’s shares? On a good day, they dance up 3.5%, trading at a modest $670.09—perhaps contemplating investments in more stable, less controversial assets. 🤔

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2025-06-02 22:54