Musings on Markets: Corporate Governance, Financial Performance, and Management Mismatches at Meta

This article examines Meta's 75% market value decline through the lens of corporate governance, arguing that tech companies with compressed life cycles are more prone to management mismatches where founder-led structures with dual-class voting shares prevent necessary leadership changes. The author contends that modern corporate governance frameworks focused on board composition and disclosure have failed to address the core issue: shareholder powerlessness to change management when strategic decisions become value-destructive.