Meta employees lose confidence in company leadership, Zuckerberg

A Meta spokesperson challenged the idea that the company is backing away from the Metaverse, pointing to what Zuckerberg said during the company's most recent earnings call.

"Beyond AI, the other major technology wave we're focused on is the metaverse," Zuckerberg said."A narrative has developed that we're somehow moving away from focusing on the metaverse vision, so I just want to say upfront that that's not accurate. We've been focusing on both AI and the metaverse for years now, and we will continue to focus on both."

Wall Street disagrees. Meta stock is up 112% year-to-date. Some of the firm's AI bets are beginning to pay off,Sign up for notifications from Insider! Stay up to date with what you want to know.

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Meta CEO Mark Zuckerberg touts to employees 'incredible breakthroughs' the company has seen in A.I.In a meeting on Thursday, Meta CEO Mark Zuckerberg told employees about the company's artificial intelligence efforts and their relation to the metaverse.
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