Meta (FACEBOOK, INC.) | Acquisition of the groups Domain Name and Similar Domain Assets at Meta (FACEBOOK, INC.)

Status
Omitted
AGM date
Resolution details
Company ticker
FB
Lead filer
Individual
Resolution ask
Other ask
ESG theme
  • Governance
ESG sub-theme
  • Other
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Technology
Company HQ country
United States
Resolved clause
I propose that Meta Platforms, Inc. explore the acquisition of the domain name "grou.ps," along with any other similar domain names available for purchase on platforms like Sedo.com. The "grou.ps" domain, with its clever wordplay on "groups," could serve as a valuable and memorable URL shortener for Facebook Groups. Moreover, acquiring such domain names aligns with Meta's strategic goals of community building and user engagement.
Supporting statement
Rationale: Brand Synergy: The domain name "grou.ps" offers a seamless extension to the Facebook Groups product, enhancing user experience with an intuitive and short URL format.  Timeless Value: Domain names like these are valuable, timeless assets for a social-first company like Meta, providing long-term benefits as internet usage evolves.  Financially Sound: Given Meta's strong cash position, these acquisitions are financially prudent. Acquiring domains before the end of the tax year can also provide potential tax advantages, lowering the company's tax liabilities in a legal and efficient manner.  Strategic Growth: Investing in strategic domain names reinforces Meta's commitment to maintaining a leadership role in social networking and digital engagement. Conclusion: The acquisition of grou.ps and other valuable domain names would further Meta's position as a leader in the social networking space, provide lasting value, and offer immediate financial benefits. I kindly request that the Board of Directors consider this opportunity as part of Meta's growth strategy and financial planning.

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