Meta spokesperson denies report of CEO Zuckerberg stepping down next year

Meta Platforms Inc spokesperson Andy Stone said in a tweet on Tuesday that a report on Chief Executive Officer Mark Zuckerberg stepping down next year was false. News website The Leak earlier in the day reported that Zuckerberg was set to resign in 2023, citing an unnamed insider source. The report briefly sent the company’s shares up 1%.

Meta has had a tough year, with a sharp dip in advertising revenue. The company also announced layoffs earlier this month, with 11,000 employees impacted, which was roughly 11 per cent of Meta’s workforce. Zuckerberg had taken responsibility for the job cuts in an open letter after the announcement.