WSJ: Meta eyes $9 trillion market cap by 2031

Meta hopes to reach a market capitalisation of $9 trillion by 2031, according to the documents the company filed with the US Securities and Exchange Commission (SEC), reviewed by The Wall Street Journal.

The company plans to motivate its top executives toward extremely “aggressive growth” through a new bonus system, with full payouts contingent on achieving the target valuation. Meta’s current market capitalisation stands at $1.5 trillion.

If the goal is met, executives could receive bonuses worth hundreds of millions of dollars. Participants include Chief Technology Officer Andrew Bosworth, Chief Operating Officer Javier Olivan, Chief Financial Officer Susan Li, and several other top executives. Meta noted that founder and CEO Mark Zuckerberg is not part of the program.

While senior executives at major tech and other companies already receive large performance-linked bonuses, WSJ notes that in the competitive landscape of artificial intelligence development, these incentives could become even larger, with more ambitious conditions.

By Jeyhun Aghazada