Facebook CEO Zuckerberg stepping down next year Meta spokesperson denies report 
Facebook CEO Zuckerberg stepping down next year Meta spokesperson denies report
Meta Platforms Inc prophet Andy Stone said in a tweet on Tuesday that a report on Chief Executive Officer Mark Zuckerberg stepping down coming time was false. News website The Leak before in the day reported that Zuckerberg was set to abdicate in 2023, citing an unnamed bigwig source. The report briefly transferred the company’s shares up 1.
Meta has had a tough time, with a sharp dip in advertising profit. The company also blazoned layoffs before this month, with,000 workers impacted, which was roughly 11 per cent of Meta’s pool.
He'd criticized the rapid-fire acceleration ofpost-Covid that didn't hold up. “ numerous people prognosticated this would be a endless acceleration that would continue indeed after the epidemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this didn't play out the way I anticipated, ” he'd written.
still, reports have also refocused out that Zuckerberg’s pet design, which is the Metaverse continues to remain a drain on the company’s coffers. The company’s Reality Labs unit, which is responsible for the Metaverse design and its affiliated tackle has lost$9.4 billion in 2022 alone till now, according to reports. profit in the unit had also dropped by 50 per cent due to lower than anticipated deals of its Quest 2 headset. And while Meta’s shareholders aren't happy with this, Zuckerberg has claimed that they will double down and invest more on the metaverse.
Mark Zuckerberg, Mark Zuckerberg leaves Meta, Mark Zuckerberg resigns
train print of Mark Zuckerberg with the Meta totem.( AP print/ Eric Risberg)
Meta Platforms Inc prophet Andy Stone said in a tweet on Tuesday that a report on Chief Executive Officer Mark Zuckerberg stepping down coming time was false. News website The Leak before in the day reported that Zuckerberg was set to abdicate in 2023, citing an unnamed bigwig source. The report briefly transferred the company’s shares up 1.
Meta has had a tough time, with a sharp dip in advertising profit. The company also blazoned layoffs before this month, with,000 workers impacted, which was roughly 11 per cent of Meta’s pool. Zuckerberg had taken responsibility for the job cuts in an open letter after the advertisement.
He'd criticized the rapid-fire acceleration ofpost-Covid that didn't hold up. “ numerous people prognosticated this would be a endless acceleration that would continue indeed after the epidemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this didn't play out the way I anticipated, ” he'd written.
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still, reports have also refocused out that Zuckerberg’s pet design, which is the Metaverse continues to remain a drain on the company’s coffers. The company’s Reality Labs unit, which is responsible for the Metaverse design and its affiliated tackle has lost$9.4 billion in 2022 alone till now, according to reports. profit in the unit had also dropped by 50 per cent due to lower than anticipated deals of its Quest 2 headset. And while Meta’s shareholders aren't happy with this, Zuckerberg has claimed that they will double down and invest more on the metaverse.
During the third quarter investor call, Meta’s Chief Financial Officer in his statement said that the “ company anticipates that Reality Labs operating losses in 2023 will grow significantly time-over-year. ”
“ Beyond 2023, we anticipate to pace Reality Labs investments similar that we can achieve our thing of growing overall company operating income in the long run, ” the statement added.
