There is no denying that Meta is all-in on becoming a lean, mean cash-printing machine. They’ve made it their goal to churn out as much money as possible, and they’re doing anything and everything in their power to achieve this. Whether it
Meta is dedicating significant resources to two areas in its near future- machine learning and artificial intelligence. By leaning down and speeding up, Meta hopes to lead the way in these new technologies while benefiting society as a whole.
This news likely comes as a relief to investors and shows that the company is still doing well two years after its stock market crash. The platform has also been gaining users relatively steadily despite some controversies, such as Cambridge Analytica’s use of Facebook data, which hurt user sentiment.
Meta Lynch was aggressive in its cuts, announcing that it would be slashing 20 percent of its workforce by the end of this year. Meanwhile, Meta’s president promised that the company would be efficient in the next two years, thus justifying the price increase.
Zuckerberg’s statement suggests that the Facebook CEO is planning to focus more on cutting projects rather than continuing to funding them, even if they may not be as crucial or efficient. This could lead to a decrease in the number of new features and updates released by Facebook, but it would likely result in an increased efficiency in the way they are executed, meaning better quality products with fewer errors.
Laying off 11,000 employees in November is only a fraction of Meta’s total workforce reduction in the past year. The company has also downsized its staff by 13 percent, but this most recent quarter doesn’t factor in those 11,000 jobs that the company cut in November. Meta has stated that the downsizing is part of an effort to streamline operations and better focus on their core businesses.
Facebook is going all in on the Year of Efficiency, hoping to be a stronger and more nimble organization. Under the leadership of Zuckerberg, this goal has already begun to take shape with various changes and enhancements made to the platform. One such change is the recent implementation of automatic message replies, which will help keep users up-to-date with their conversations without needing to manually reply every time. Additionally, Facebook has announced that it will be making monthly active users (MAU) stable for many years to come – meaning that no matter how much growth there is outside of Facebook proper,
Given that Facebook has long been a dominant force in social media, themetaverse-focused work Meta is doing is undoubtedly ambitious. However, it remains to be seen whether the public will take to this newer direction. Zuckerberg’s recent comments suggest that the metaverse may not be as important to the company as it once was, which could hinder its ability to compete with giants like Instagram and Facebook itself.
Zuckerberg said that Facebook and Instagram are shifting from being organized solely around people and accounts you follow to increasingly showing more relevant content recommended by their artificial intelligence systems. This covers every content format, something that makes the services unique, but they’re especially focused on short form videos since Reels is growing so quickly.
The mayor’s daughter was pulling her horse along the path in the park, when she saw a figure in the distance. She knew it could only be her
