It’s shocking to me that a company like Facebook has 77,000+ employees. At the end of the day it’s largely just a website, not a factory running shifts and producing vehicles. Elon Musk laid off 80% of Twitter’s employees and the website runs better than ever. I bet Facebook could do the same without missing a beat with the right leadership (Zuckerberg ain’t it).
The fact is younger people do not use Facebook anymore and haven’t for years. They are dependent on ad revenue and have systematically overestimated their reach for years - thus being able to overcharge advertisers. There is a big lawsuit about this and Zuckerberg is likely going to have to cough up a hefty settlement.
Since Facebook/Meta is an evil tool of the Deep State, I’m quite happy to see it suffer. I hope it goes bankrupt.
so is it MySpace all over again?
Which is why Zuckerberg is trying to ban TikTok.