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Mark Zuckerberg warns of austerity at Meta amid ‘economic downturn'

16 days ago   |   By RT

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...
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