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Zuckerberg Tells Staff to Focus on Video Products as Meta’s Stock Plunges

  • Company now facing ‘unprecedented level of competition’
  • Meta working to retain employees as bonus season approaches
Bloomberg business news
Facebook Parent Meta Drops 26% Losing $252 Billion in Value
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Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news.

His red, teary eyes were the result of a scratched cornea, the Facebook founder said Thursday, attempting to lighten the mood as Meta Platforms Inc.’s stock price lost more than a quarter of its value.