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Mark Zuckerberg: Company's pandemic-era forecast was too rosy

İnteresting 10:44 30 Jul, 2022

Mark Zuckerberg told staffers the world's biggest social media company had planned for growth too optimistically

Mark Zuckerberg: Company's pandemic-era forecast was too rosy

Meta Platforms Inc Chief Executive Mark Zuckerberg told staffers the world's biggest social media company had planned for growth too optimistically, mistakenly expecting that a bump in usage and revenue growth during COVID-19 lockdowns would be sustain, Qazet.az reports.

Zuckerberg, responding to an employee question at a company-wide meeting on Thursday, said he had hired too aggressively and failed to account for the possibility of an economic downturn, according to a person who heard the remarks.

The employee had asked about mistakes Zuckerberg had made, the person said.

Meta declined to comment.