Among any big company’s investors there’s those who want it to stay lean, and those who want it to expand. When Meta posts poor financial results (even if they have more to do with the state of the economy than whether Meta’s business decisions were any good), that shifts more firepower towards those who want to slim things down, and so Meta is forced to make cuts.
Mark Zuckerberg has majority voting rights as a Meta shareholder, so unless meant some way other than literally, this can’t be the explanation here.
Mark Zuckerberg has majority voting rights as a Meta shareholder, so unless meant some way other than literally, this can’t be the explanation here.