Mark Zuckerberg says Meta will 'keep things lean,' going big in AI with a lid on hiring
Publishing timestamp: 2024-02-01 21:22:57
Summary
Meta CEO Mark Zuckerberg plans to continue the "year of efficiency" strategy, which involves cutting costs and minimizing hiring. The company's fourth-quarter earnings exceeded expectations, and its stock value has tripled. Despite this success, Meta's Reality Labs unit continues to incur losses as it develops virtual reality and augmented reality technologies. Zuckerberg believes in the future potential of the metaverse and is confident in the company's financial health.
Sentiment: POSITIVE
Keywords: mark zuckerberg, nvidia corp, technology, breaking news: technology, internet, apple inc, business news, mobile, social media, meta platforms inc,