![]() Got a tip? Email Daniel Howley at Follow him on Twitter at. Meta Chief Executive Officer Mark Zuckerberg rallied his employees to focus on video products, after they watched the stock lose a quarter of its value. More investment will be made in AI to improve Reels recommendations and advertisement measuring tools, adding large language model (LLM) features into messaging, and automating ad campaigns with creative content generation,” he said. Mark Zuckerberg rallied his employees to focus on video products, after they watched the stock lose a quarter of its value. Here are the plans he just laid out to further cut costs in 2023. “ looking to invest in projects that can drive growth,” Deepwater Asset Management Managing Partner Gene Munster wrote in a recent note. Mark Zuckerberg is finally embracing his new role as Metas Chopper-in-Chief. Especially since it’s expected to be years until the metaverse is a bankable reality, if ever. Zuckerberg Tells Staff to Focus on Video Products as Meta’s Stock Plunges Meta working to retain employees as bonus season approaches. In 2022, that jumped to $13.7 billion.Ī greater emphasis on AI, though, allows Meta to appease investors, while continuing to plow money into its metaverse ambitions. In 2021, Meta reported a $10.1 billion loss from its Reality Labs business, which houses the company’s metaverse efforts. That includes the research and development of everything from the headsets needed to power that vision to the software that will run the apps. RT ginosullivan: Meta Platforms CEO Mark Zuckerberg rallied his employees to focus on video products, after they watched the stock lose a quarter of its value. ![]() ![]() The holding company even adopted the infinity loop as its new logo. Meta has been stung for its massive investments in Zuckerberg’s plan to turn the company into a metaverse first business. It was in October last year when Facebook was rebranded into Meta as an effort to focus on its ambitions of building the metaverse. Facebook Chairman and CEO Mark Zuckerberg speaks during the annual Munich Security Conference in Germany, February 15, 2020. Zuckerberg said the companys AI-discovery engine had helped plays of Reels, its short-form video rival to TikTok, double in just the last six months.Were making progress here, and our monetization efficiency on Facebook has doubled in the past six moths, he added. Zuckerberg tells staff to focus on video products as Metas stock plunges Sensex ( 0.37 ) 65628.14 + 240.98 Nifty ( 0.48 ) 19528.80 + 93. ![]()
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