Meta's shareholders overwhelmingly rejected a proposal to allocate some $72 billion in cash into cryptocurrencies. The vote was nearly 50 billion votes opposed versus about one million casting their support.
This follows Microsoft also nipping a similar idea in the bud, and Amazon hasn't decided yet.
Backer Ethan Peck wants Meta to hold crypto as part of its strategic reserves against uncertain monetary policies.
Although earlier this year reports suggested Facebook is exploring digital money fo