Mark Zuckerberg's 'Year of Efficiency' is paying off for Meta

United States News News

Mark Zuckerberg's 'Year of Efficiency' is paying off for Meta
United States Latest News,United States Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

– the Meta chief has been out to reverse his social media empire's fortunes after a pretty disastrous period.last year, coupled with rising public sentiment that the metaverse was destined for the dumpster, some felt the company was stuck in a downward spiral.

"We've already seen a number of examples of how our leaner organization and some of the cultural changes that we've made can build higher quality products faster, and this is probably the biggest example so far," Zuckerberg said.a serious rival to OpenAI's GPT-4 The result has been a 7% increase in time spent on the platform."This improves the experience because you can now discover things that you might not have otherwise followed or come across," he added.metaverse ambitionsAlthough losses at Reality Labs – the business unit at Meta tasked with turning the vision of a virtual world into a reality – have now topped $40 billion,, Wall Street has been able to breathe a sigh of relief after revenue growth picked up again.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

House Republicans plan to hold Meta’s Mark Zuckerberg in contempt of CongressHouse Republicans plan to hold Meta’s Mark Zuckerberg in contempt of CongressHouse Republicans plan to hold Meta’s Mark Zuckerberg in contempt of Congress:
Read more »

House Republicans plan to hold Meta’s Mark Zuckerberg in contempt of CongressHouse Republicans plan to hold Meta’s Mark Zuckerberg in contempt of CongressThe Republican chairman of the House Judiciary Committee is threatening to hold Meta CEO Mark Zuckerberg in contempt of Congress for failing to supply documents related to an investigation into supposed censorship by tech companies of conservatives.
Read more »

Meta Reports Higher Quarterly Revenue Amid “Year of Efficiency”Meta Reports Higher Quarterly Revenue Amid “Year of Efficiency”Total monthly active users across all of Meta's apps, which include Facebook, Instagram, WhatsApp and Messenger, were up six percent from a year ago.
Read more »

Zuck beats Musk at his own game with Meta's year of efficiencyZuck beats Musk at his own game with Meta's year of efficiencyMeta is growing revenue and building new products — all with a leaner operation.
Read more »

Facebook's ad rebound gives Meta CEO Mark Zuckerberg freedom to pursue far-out betsFacebook's ad rebound gives Meta CEO Mark Zuckerberg freedom to pursue far-out betsMeta's improved financial picture is allowing the company to invest in the money-losing metaverse, while rival Snap is under increased pressure.
Read more »



Render Time: 2025-02-23 08:19:55