Mark Zuckerberg’s company needs to reflect on its position in the technology market.
the bet of Goal for being him Leader in the technology sector, more recently in its invented metaverse, is experiencing a time of difficultiesespecially in the financial field, where they have not just found the key to exponentially increase the company’s income. It seems that mark zuckerberg will have to Tighten the belt to all work teams and will begin with stop hiring in the American company.
Results not as good as expected and Goal that you will have to figure out how to grow without increasing the company’s headcount
they had already filtering reports insiders from the upper echelons of Facebook where they advocated stop hiring staff for the rest of the year 2022 and the news that we bring you in this article seems to confirm that complicated times are coming within Meta. The financial forecasts are not flattering and Mark Zuckerberg’s company foresees a limitation at the entrance of workersas one of the first measures that will be implemented to try to decrease spending of the company. In fact, in the last weeks has already started limit the hiring from engineers fresh out of college.
Meta must face a slowdown in its commitment to virtual reality.
Even though the income in this first trimester were top than expected, even with more active users than in the previous period, the company foresees a drop in incomeespecially motivated by the war which is plunging Ukraine into darkness and which also affects the Russian userswhose country has declared war on the North American company. David Wehnerfinancial director of Meta, it states what:
Meta has experienced an increasing slowdown in growth since the start of the Ukraine war, due to the loss of revenue from Russia and reduced demand for advertising both in Europe and outside the continent.
Besides, Manzana doesn’t seem to help either, as they are expected losses of 10,000 million dollars due to the privacy policies of the Cupertino company. The impossibility to approach the users from an iPhone, iPad, or Mac via the data collection on these devices, it makes Meta not be able to focus advertising on your tastes and this affects your advertising campaigns. advertisingone of the fundamental pillars of the company’s business.
Related topics: Technology
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