Zuckerberg Holds Company-Wide Meeting

Naomi Nix, reporting for Bloomberg:*

At a company-wide virtual meeting Thursday, Zuckerberg explained that the historic stock drop was a result of Meta’s weak forecast for revenue in the current quarter, according to a person who attended and was not authorized to speak about it. Zuckerberg echoed his remarks of a day earlier to investors, telling employees that the social networking giant faced an “unprecedented level of competition,” with the rise of TikTok, the short-video platform Facebook doesn’t own.

Zuckerberg appeared red-eyed and wore glasses, the person said. He said he might tear up because he’d scratched his eye — not because of the topics up for discussion.

He should have appeared as a metaverse avatar. There’s no crying in the metaverse.

* You know.

★ Thursday, 3 February 2022