Mark Zuckerberg warns of austerity at Meta amid ‘economic downturn’ ...News

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Mark Zuckerberg warns of austerity at Meta amid ‘economic downturn’
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The tech firm reported a decline in revenue in the second quarter of this year Mark Zukerberg, co-founder of the social media giant Facebook and its parent Meta Platforms, suggested on Wednesday that the US economy is seeing a downturn and that his company will have to face some austerity in the near future. “We seem to have entered an economic downturn that will have a broad impact on the digital advertising business,” Zuckerberg said during the company’s second-quarter earnings call, as Meta reported a steeper than expected decline in revenue. The company will hire less, Zuckerberg suggested, saying that the sit

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