“I was hoping the economy would have stabilized more clearly by now, but from what we’re seeing it doesn’t look like it has yet, so we want to plan somewhat conservatively,” Zuckerberg told employees during a weekly Q&A session. responses, reported Bloomberg News.
The businessman also pointed out in an internal meeting that one of the “worst recessions we have seen in recent history” was approaching, which would delay the hiring of personnel.
Although Meta has managed to recover active users and claims to have the largest amount ever, investors are more concerned about the costs of their commitment to the metaverse and the fact that the results of this decision will not be seen until later. 10 years, according to Zuckerberg himself.
According to company data, Meta’s Virtual Reality division lost 3.7 billion dollars in the last quarter, as well as a total of 9.4 billion dollars throughout the year, while its shares are in the lowest level since early 2016.
