Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse - BusinessWorld Online

Mr. Zuckerberg, addressing pointed questions at a company-wide meeting a week after Meta said it would lay off 11,000 workers, described the pair of messaging apps as being “very early in monetizing” compared to its advertising juggernauts Facebook and Instagram, according to remarks heard by Reuters.

Investors have questioned the wisdom of that decision as Meta’s core advertising business has struggled this year, more than halving its stock price. Within Reality Labs, the unit was spending over half of its budget on augmented reality , with smart glasses products continuing to emerge “over the next few years” and some “truly great” AR glasses later in the decade, Mr. Zuckerberg said.

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Zuckerberg says WhatsApp business chat will drive sales sooner than metaverseZuckerberg highlights monetizing opportunities for WhatsApp and Messenger, signaling a shift in tone away from its focus on metaverse investments.
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Global stocks slip, dollar steady as retail sales tip Fed outlookGlobal stocks slid from two-month highs and the safe-haven dollar steadied on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes. |Reuters
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