Meta Executives Say they Anticipate Operating Losses in 2023 to “Grow Significantly” as Zuckerberg Refuses to Cut Costs

Meta Executives Say they Anticipate Operating Losses in 2023 to “Grow Significantly” as Zuckerberg Refuses to Cut Costs

Meta executives and the company’s CEO Mark Zuckerberg have reiterated their commitment to spending billions of dollars developing the metaverse amid investor concern about the health of his company’s online advertising business. On a call with analysts as part of Meta’s third-quarter earnings report, Zuckerberg and other Meta executives fielded a number of questions from analysts who…