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

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

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.