Meta’s CEO, on Wednesday, called his management theme for 2023 the “Year of Efficiency” while discussing management plans for the year.
Takeaway points
- Mark Zuckerberg, in a post on Wednesday, called his management theme for 2023 the “Year of Efficiency.”
- He also said that the communities across his different social media companies have reached 2 billion daily users and about 3 billion users monthly.
- Zuckerberg announced that the company will launch a new consumer headset later this year.
A Year of Efficiency
Mark Zuckerberg, the CEO of Meta, on Wednesday, in a post, called his management theme for 2023 a “Year of Efficiency.” According to him, the communities across his social media companies have reached 2 billion daily activities and about 3 billion users monthly. He said that while discussing his management plans for the year. According to the report, they are working on becoming a stronger organization.
“Our community keeps growing, and engagement is strong across Facebook, Instagram, WhatsApp, and Messenger.” Facebook just reached the milestone of 2 billion daily actives. The progress we’re making on our AI discovery engine and Reels are major drivers of this. Beyond this, our management theme for 2023 is the “Year of Efficiency,” and we’re focused on becoming a stronger and more nimble organization.” Mark said.
AI Discovery Engine and Reels
According to the report, Mark said that 2022 was a tough year, and he laid off some of his workers, restructured some of the teams, and began to focus on efficiency.
In the post, Zuckerberg talked about the AI discovery engine; according to him, since 2022, Reels have grown very fast and doubled with the way people are resharing Reels in the last 6 months on Facebook and Instagram, and currently, they are working on how to grow the monetization of Reels.
Metaverse
Zuckerberg gave an update about his investment in the metaverse, the Quest Pro he created last year, and more. Last month, he introduced some new features on Whatsapp. While many users have tried it out, others have used theirs as profile pictures. He also announced that they will launch a new consumer headset later this year.
Mark has invested a lot of resources in the pursuit of the Metaverse. last year, one of the shareholders in Meta, Brad Gerstner, sent him a letter telling him to reduce his investment in Metaverse.
