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Meta spent billions to close offices and lay people off. Now we know why

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Meta spent billions to close offices and lay people off. Now we know why


Mark Zuckerberg is smiling: Its profit margins are much improved — and that's partly because of a shrinking headcount. Josh Edelson/AFP/Getty Images Meta lost an astonishing $16 billion on the Metaverse last year. But Wall Street loves Meta late Thursday: Its stock is up another 12%. One big…

#markzuckerberg #meta #metaverse #realitylabs #zuckerbergmetaverse #bigtech

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