In a leaked Q&A, Mark Zuckerberg tells employees “we’re in a different world”

[CharlesW]

https://www.vox.com/technology/2023/4/20/23692002/meta-layoffs-leaked-mark-zuckerberg-facebook

[jschveibinz]

So now META will need to start paying a healthy dividend since they are no longer in “growth” mode.

Meta Platforms EBITDA for the twelve months ending December 31, 2022 was $37.630B.

[gregjor]

When the CEO of a company huge enough to make markets reveals he (1) failed to see obvious and predictable economic and technological changes coming, and (2) has no plan for dealing with likely disruptions.

This article should have the title “Zuckerberg again admits to complete incompetence, employees pay the price.”