Jamie Cameron

META is definitely not having its best time right now. That's why its CEO Mark Zuckerberg has decided to take a radical step. What is it?

Zuckerberg has decided to take a radical step

Meta$META CEO Mark Zuckerberg has taken a radical measure. The company, which has been drowning in problems lately, had to get rid of a significant part of its staff. But the CEO has handled the situation surprisingly well, despite his reputation as a cold-hearted genius. He offered words of appreciation and encouragement to the departing employees. At least that's what it appears to be in a leaked video recording of a conversation he had internally with employees.

A portion of the call has surfaced online in which Zuckerberg praises their work and says it was hard to eliminate so many jobs. The layoffs affected about 11,000 people, or 13% of the company that owns Facebook, Instagram and WhatsApp.

The Big Five member has already fallen 67% this year

"You really put your heart and soul into this," Zuckerberg said. "No matter what team you worked on, each of you contributed to products that billions of people use every day."

Apparently, this was one of two separate video calls Zuckerberg held with Meta employees on Wednesday: one video call for laid-off employees and another for those not affected.


Zuckerberg also told those laid off that he takes "full responsibility" for the decision.

"I am the founder and CEO. I'm responsible for the health of our company, for our direction, and for deciding how we execute it, including things like this. And this was ultimately my decision," he said.

"And it was one of the hardest decisions I've had to make in 18 years of running the company," he added.

Although he accepted responsibility for the layoffs, Zuckerberg's authority over Meta has never been questioned. He controls a majority of the company's voting stock, so he cannot be outvoted or fired by Meta's board or its shareholders. Wall Street reacted positively to the layoffs, with Meta's stock price rising more than 5% after the news.

Why is Meta in trouble?

The day after the third quarter earnings report was released, Meta ran into even more trouble. In particular, the company found itself in trouble after investors became convinced that the Metaverse might not be such a good idea.

Probably not helping matters is a series of highly significant doubts, both internal and external, about Meta's metaverse. The company reported that it has made more than $9 billion so far this year on its Reality Labs division, home to its aggressive forays into VR hardware and virtual social networks.

It also appears to be losing the battle with competitors on Instagram and Facebook in the long term. Their platforms are becoming less and less interesting to advertisers and users. And they've started to bet all the more on Mark Zuckerberg's "crazy" vision.

Investors seem to have grasped this message, or lack thereof. The company is more than ever these days a show just for its CEO. The question now is whether Zuckerberg, as a visionary, is right or the crowd of investors who trust the company less and less.

If you enjoy my articles and interviews, feel free to throw a follow. Thanks! 🔥

Disclaimer: This is in no way an investment recommendation. This is purely my summary and analysis based on data from the internet and other sources. Investing in the financial markets is risky and everyone should invest based on their own decisions. I am just an amateur sharing my opinions.

Read the full article for free? Go ahead 👇

Do you have an account? Then log in . Or create a new one .
Sponsored by @etoro Advertisement
@ddvsgsdgs 4h

good job

@galyavetd 1d

good bro

@veronica 2d

keep fighting zuckenberg!

@markwatcher 2d

i agree

@tomrussel 3d

BTC history The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009, when its implementation was released as open-source software. The word "bitcoin" was defined in a white paper published on October 31, 2008.

@ghaniaandrew 3d

im interest about Other tools

Education - it's not necessary, you can find a lot of quality content elsewhere than directly at the broker (for example here on Bulios 😇), but it's not a bad thing if the broker offers it.

@astrajingga 4d

According to Coinmarketcap data (26/2/23), the total volume of the crypto market over the last 24 hours was $61.61 billion, an increase of 8.64%. There has been no double-digit percentage increase or decrease in the past week for the Bitcoin price and overall crypto market cap.

Looking at the price conditions this week, it can be concluded that price movements tend to be quite stable for the size of Bitcoin movements, but short-term investors must still be wary of price fluctuations, because in five days there will be a meeting of the Federal Open Market Committee (FOMC),

The FOMC meeting is one of the defining moments for the movement of the world economy. This is because the United States is the country with the highest GDP value in the world in 2021, according to the Worlddata.info report, which is 23.32 trillion dollars.

Through this meeting, the policy board of the United States central bank, The FED, will discuss monetary policy which includes interest rates, price stability, money supply, and so on. The FOMC meeting will take place January 31 to February 1, 2023.fe5

@netflix 4d

Bitcoin is an electronic money created in 2009 by Satoshi Nakamoto. The name is also associated with the open source software he designed, and also uses a peer-to-peer network without a central repository or single administrator where the United States Department of the Treasury calls bitcoin a decentralized currency. Unlike most currencies, bitcoin is not reliant on trusting a major issuer. Bitcoin uses a database that is distributed and propagated to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by the person owning them, and never more. from one time. The design of Bitcoin allows for anonymous ownership and transfer of wealth. Bitcoin - bitcoins can be stored on personal computers in a file wallet format or stored by a third party wallet service, and apart from all that Bitcoin - bitcoins can be sent over the internet to anyone with a Bitcoin addressrfgrtgfr

@titimaryati 6d


@bobbyfrimino 7d

This is how Zuckerberg said goodbye to the employees he fired. Why is META going through its worst period?

META is definitely not having its best time right now. That's why its CEO Mark Zuckerberg has decided to take a radical step. What is it?

@moniruzzaman0812 7d

One Of The Best Thing