It's evidently clear now, his "correct decision from a business point of view" to increase investments during Covid was wrong as they resulted in these 11,000 people being let go. I think the same could be said for the increased investment in metaverse, which I imagine is predicated on the prior large growth of people moving online during Covid, which is now returning to the mean.
I think their share price has taken strong corrections due to these decisions. I think that's an incentive for a board to take action?
(I'm purposefully ignoring the ouroborus that is Zuck's control of voting shares that protects him here.)
I think their share price has taken strong corrections due to these decisions. I think that's an incentive for a board to take action?
(I'm purposefully ignoring the ouroborus that is Zuck's control of voting shares that protects him here.)