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Ethan Peck has proposed that Meta convert a portion of its $72 billion cash reserves into Bitcoin to hedge against inflation, citing a 28% loss in cash value over time. Peck, representing his family's shares, argues that Meta's directors benefit from Bitcoin, questioning why shareholders shouldn't receive similar asset allocation strategies. Meanwhile, previous proposals for Microsoft and Amazon to adopt Bitcoin have faced resistance, with concerns over volatility and the companies' strong market positions.
Tech giants like Amazon and Microsoft face pressure to adopt Bitcoin as a hedge against inflation, with proposals suggesting reallocating cash reserves into the cryptocurrency. However, concerns over volatility, environmental impact, and the potential diversion from core business strategies may deter such moves. While Amazon's innovative reputation could lead to a different shareholder response than Microsoft's conservative approach, the risks associated with Bitcoin remain significant.
Nick Cowan
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meta shareholder proposal advocates bitcoin allocation to combat inflation risks
United States Dollar
Microsoft Corporation
Amazon.com, Inc.
USA
Mark Zuckerberg
Nick Cowan
Ethan Peck
Marc Andreessen
Kain Warwick
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22:53 10.01.2025
amazon faces tough decision on bitcoin amid inflation and volatility concerns
United States Dollar
Euro
Amazon.com, Inc.
Tesla, Inc.
Microsoft Corporation
USA
Nick Cowan
Michael J. Saylor
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23:44 12.12.2024
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