The CEO of social media giant Meta had high hopes during the first quarter results.
The situation has changed at Meta Platforms
Discover Meta Platforms Inc. Report, parent of Facebook, Instagram and WhatsApp, Menlo Park, California.
The situation is becoming more and more common in many American companies where fear of the consequences of the recession.
For months economists have been anticipating a severe recession due to the aggressive monetary policy of the Federal Reserve and major banks
The Russian war in Ukraine also exacerbates supply chain problems caused by the Covid-19 epidemic.
This cocktail, experts say, will affect consumption. Families, these experts explain, should reduce their costs for fear of a disappointing future
Mark Zuckerberg, CEO of Meta, now seems to be sharing this hopeless view. During a traditional Q&A session with the company's staff on June 30,
"one of the worst problems we have ever seen in recent history," according to a Reuters audio recording.