![]() What Hung didn’t say was that on the same day his company finalized. He added that based on his life experience, transitioning to a four-day work week all the time would not be productive. The drug was one of a handful of cutting-edge new drugs that Hung hailed as an exciting class of oncology therapeutics. He also encouraged exhausted employees to use their vacation days. The social media giant is thinking of extending existing three-day holiday weekends, Zuckerberg said, responding to a question on burnout. Meta is already talking about ways to retain staff amid the stock rout. Zuckerberg’s own wealth dropped by $31 billion. Others fretted about what a continued decline might mean for their net worth, according to people familiar with the matter. Some were discussing buying shares during the dip, believing in Zuckerberg’s long-term vision for the metaverse, an immersive version of the internet. Facebook lost a record $251 billion of value in a single day. Meta’s Instagram app has a copycat of TikTok called Reels, which the company is now prioritizing.Įmployees were glued to the stock price. ![]() 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 rival viral-video platform. It is important to focus on growing Facebook’s short-video product, he said. In early October, former Meta employee and whistleblower Frances Haugen testified before Congress, alleging that Metas Facebook platform is detrimental to. 15, and annual bonuses hit in March - both of which could be factors in workers’ potential decisions to leave, according to another person familiar with the company’s plans.At a company-wide virtual meeting, 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. He added that based on his life experience, transitioning to a four-day work week all the time would not be productive.įacebook employees, like many in the technology industry, tend to be heavily compensated via shares. His red, teary eyes were the result of a scratched cornea, the Facebook founder. He also encouraged exhausted employees to use their vacation days. 262.04 USD +9.35 +3.70 Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news. ![]() Meta is already talking about ways to retain staff amid the stock rout. (Bloomberg) - Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news. 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 rival viral-video platform.
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