Ppl who are safe, aren’t you guys worried that frequent cuts across the board to make the Financials look good indicate the failing business? Mark and team are trying to cover up the MetaVerse and AD (because of Macro economic and competition) losses - what consoles you guys to stay long term? Do you guys believe in Metaverse turnaround or Meta’s core(FOA) business turnaround? @Meta
With PS VR2, yeah they are pretty much done
Why be worried about meta specifically. All of tech is being hit because of how macroeconomics have impacted the tech bubble as a whole. Meta is the news today, Goog, Microsoft, and other companies will be next weeks news.
Meta lost revenue because of Apple Privacy changes isn’t it? Google will likely have an impact due to cost per search as it starts using Bard (ChatGPT competitor). Why Microsoft?
Not the same, would I buy Microsoft stock now? Maybe. Meta? No way!
Who is safe in meta? The number is set but the list is not made yet
I'd bet good money that the ML engineers who work on ads are as safe as can be.
It is still a giant revenue generating machine through their ad business but with the upcoming extended privacy restrictions Meta will be worth shorting
Zuck said "the leaner the better" going forward. And He Seems to be very open for further layoff this year. He was saying "no more layoff" last year.
that was so 22
The whole chain of leaders ( the c suites) ppl still there. It is almost a guarantee that bad bad decision will made again and layoffs again. Now that they no longer in the hyper growth phase. MZ should look into changing all his “ads buddies” in the leadership group.
Not yet!