Meta Platforms shareholders reject proposal to incorporate Bitcoin into the company's finances

According to Odaily Planet Daily, shareholders of Meta Platforms voted against a proposal to incorporate Bitcoin into the company's finances at the annual meeting. More than 4.9 billion shares opposed the move, with only 3.92 million shares in support. A few months ago, Microsoft pushed for Bitcoin to become mainstream, and Meta Platforms became the latest large tech company to consider this move. However, shareholders voted down the proposal due to concerns about volatility. The proposal was submitted by investor Ethan Peck, suggesting the company explore the possibility of converting some cash and bonds into Bitcoin.