Nick Clegg Resigns from Meta After Selling $19M in Shares
Former British deputy prime minister Nick Clegg has resigned from his role as president of global affairs and communications at Meta after selling almost $19m (£15m) worth of the company’s shares during his six-year tenure. Clegg, 57, still holds close to 39,000 Meta shares, valued at around $21m. His successor will be his deputy, Joel Kaplan, a former member of George W Bush’s administration and a prominent conservative influence at Meta.
There is speculation about Clegg’s next career move, with some suggesting he may venture into artificial intelligence. Clegg has been a critic of regulating AI and sees the technology’s potential to transform public services. He has been open to opportunities in both the public and private sectors in Europe, where his wife, Miriam, has established a think tank in Spain.
Clegg’s decision to join Facebook in 2018 drew criticism due to his prominent role in the pro-Remain campaign and the People’s Vote movement. Despite the controversy, Clegg has navigated through intense political pressure over data protection, fake news, and regulatory oversight issues during his tenure at Meta.
In a farewell post on Facebook, Clegg described his time at Meta as “the adventure of a lifetime,” expressing pride in promoting innovation alongside transparency, accountability, and new forms of governance. This transition marks a new chapter for the former Liberal Democrats leader, who led his party into a coalition government in 2010 and subsequently lost his seat in 2017.
