Is Mark Zuckerberg standing down as Meta CEO? | World Information

Meta has denied a report that mentioned Mark Zuckerberg is standing down as its chief government. On Tuesday, a report mentioned that Mark Zuckerberg could be stepping down from his position as the top of the corporate subsequent 12 months. It was first reported in The Leak.

However Andy Stone, Meta’s outspoken communications official, denied the report on Twitter. “That is false,” he tweeted, giving no extra clarification or context.

Mark Zuckerberg has confronted widespread criticism in latest weeks after Meta fired giant numbers of its workers. Earlier this month, Meta mentioned that it might be shedding 13% of its workers, with greater than 11,000 individuals being fired.

Mark Zuckerberg then mentioned that he took “accountability for these selections and the way we received right here”, in a message shared with workers. He added that he had mistakenly assumed that the expansion the corporate noticed in the course of the pandemic was prone to proceed however that in latest months it has slowed.

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Mark Zuckerberg has been persevering with the corporate’s funding into the metaverse, regardless of questions over whether or not Meta’s work on digital actuality would repay. The corporate’s newest outcomes, launched on the finish of October, confirmed that Meta’s “Actuality Labs” division misplaced virtually $10 billion this 12 months to this point, additionally indicating that these losses had been prone to “develop considerably” in 2023.

“Look, I get that lots of people may disagree with this funding, however from what I can inform, I feel that is going to be a vital factor,” Mark Zuckerberg mentioned throughout his name with buyers.

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“Folks will look again a decade from now and discuss in regards to the significance of the work being finished right here,” he added.

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