Meta Platforms chef executive Mark Zuckerberg said he mistakenly expected that a bump in usage and revenue growth during coronavirus lockdowns would be sustained. AP
Meta Platforms chef executive Mark Zuckerberg said he mistakenly expected that a bump in usage and revenue growth during coronavirus lockdowns would be sustained. AP

Business

Technology

Meta's pandemic-era growth forecast was too optimistic, Mark Zuckerberg says

The social media company hired too aggressively and failed to account for the possibility of an economic downturn, he tells employees

Reuters

July 30, 2022