Meta* Chief Product Officer Chris Cox warned that the second half of 2022 would be a tough time for the company.
The situation is related to the difficult economicsituation, macroeconomic pressures, and Apple's policies regarding the collection of user data. According to Cox, Meta's revenue has been hit the hardest by Apple's new rules for tracking user data.
Instead of hiring employees and the usual modelthe company will focus on the development of the metaverse and several key products: investments in artificial intelligence, monetization of Reels short videos, development of Business Messaging, a messaging service for business.
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