Patrick Collison joins Meta's board to enhance business strategy
- Patrick Collison has been appointed to Meta's board of directors along with Dina Powell McCormick.
- Collison previously served as part of Meta's advisory group on strategic business opportunities.
- The appointments come amid Meta's ongoing legal battles over its market dominance.
On April 14, 2025, Patrick Collison, co-founder and CEO of the financial technology company Stripe, joined Meta's board of directors. This appointment was made alongside Dina Powell McCormick, a former advisor in the Trump administration. Their roles began immediately after the announcement. For some time, Collison was part of Meta’s advisory group, where he provided insights into strategic business opportunities. Mark Zuckerberg, the founder of Meta, emphasized the significance of their expertise in supporting businesses that utilize Meta's platforms. Stripe, founded by Patrick and John Collison in 2010, is currently valued at over $91 billion following strategic moves into the cryptocurrency sector, notably its acquisition of the stablecoin platform Bridge. This reflects the company's shift back towards integrating cryptocurrency payments. Meanwhile, Powell McCormick has a noteworthy background in both finance and government. She has served as deputy national security adviser and has influential experience in advocating economic development and entrepreneurship. Joining Collison and Powell McCormick are other newly appointed board members, such as Dana White, the CEO of the UFC, and John Elkann, CEO of Exor. The board consists of 15 members, including Marc Andreessen and Peggy Alford. These latest appointments come at a critical time for Meta, as it faces legal challenges from the US Federal Trade Commission (FTC) over monopoly concerns regarding acquisitions of platforms like Instagram and WhatsApp. The addition of seasoned professionals to the board could be key in navigating both internal strategies and external pressures. In summary, as Meta continues to evolve and face regulatory scrutiny, the expertise of Collison and Powell McCormick could be pivotal in steering the company toward new growth opportunities while addressing the challenges posed by the ongoing legal battles regarding its market position. Their collective experience in fostering business growth may provide an essential perspective in supporting the diverse array of businesses relying on Meta's platforms for their success.