Will Mark Zuckerberg stay as CEO of META? Check out the news about META CEO
earlier several news reports came in that mark Zuckerberg is going to retire next year but it was false
META, as we all know, is a large corporation, and Facebook is one of its sub-brands; this massive corporation cannot function without a CEO. Now we are going to talk about his retirement.
Earlier, there were rumors that META CEO Mark Zukerberg is going to retire next year. But a spokesperson for Meta Platforms Inc., Andy Stone, claimed in a tweet on Tuesday that a rumor that CEO Mark Zuckerberg will retire in 2023 was untrue.
This is false.
— Andy Stone (@andymstone) November 22, 2022
Zuckerberg was expected to step down in 2023, according to a story published earlier in the day on the news website The Leak, which cited an unidentified insider.
Since Meta sacked a sizable portion of its personnel, Mark Zuckerberg has been under heavy pressure. Meta said earlier this month that it will be laying off more than 11,000 workers, or 13% of its workforce.
Reports have also noted that the company’s resources are still being used to fund Zuckerberg’s pet project, the Metaverse. The company’s Reality Labs business, which is in charge of the Metaverse project and the related gear, is expected to lose $9.4 billion in 2022 alone, according to sources. Due to lower-than-anticipated sales of its Quest 2 headset, the unit’s revenue also fell by 50%. Even though this has upset Meta’s stockholders, Zuckerberg has promised that they will continue to bet big on the metaverse and increase their investments.
Zuckerberg was expected to step down in 2023, according to a story published earlier in the day on the news website The Leak, which cited an unidentified insider. The news caused the company’s shares to momentarily increase by 1 percent.