Mixed results for Meta (Facebook), 2023 will be “the year of efficiency”

Meta has seen better days. The company founded by Mark Zuckerberg includes Facebook, Instagram and WhatsApp, among others, and its results for the fourth quarter of 2022 were contrasted with a net profit of 4.65 billion dollars, a figure halved. Over the full year, the group posted a turnover of 116.61 billion, down 1%. Firstso there is nothing to be proud of, but there is still some good news.

Thus, the social network Facebook exceeded for the first time the milestone of 2 billion daily users (they were 1.98 billion at the end of September). Meta has 3.7 billion users who use at least one of the company’s services every month. On the other hand, on the side of the “metaverse”, the results are not always there, worse still the losses are widening.

The virtual universe imagined by Mark Zuckerberg is very expensive to develop: Reality Labs, the branch of Meta responsible for designing this novelty, lost 4.3 billion over the quarter for a total of 13.7 billion last year! Users and companies still haven’t invested in the metaverse which requires equipping themselves with an expensive headset. Despite these investments, Meta has still not managed to find the formula that will attract crowds.

The group’s boss seduced investors by announcing that 2023 would be ” the year of efficiency “. The company has already unveiled a major social plan that will cut 11,000 jobs (13% of the workforce) and the bleeding may not be over. Zuckerberg indeed explained that he wanted remove certain levels, certain intermediate management positions to speed up decision-making ».