Category: Guidance

Mark Zuckerberg vows to spend billions more on the metaverse next year despite burning a whopping $4 billion on it...

Mark Zuckerberg as an avatar during Connect 2022 Facebook/Meta Meta said it might accelerate spending by 15% next year. Meta currently faces a number of headwinds, including a potential recession and a slowdown in the advertising market.  The decision comes just days after a prominent tech investor wrote an open letter urging Mark Zuckerberg to curb spending.   Meta told investors it plans to ramp up…