Do you remember a saying that says "we don't see the speck in another's eye, only in our own" ? Well, that is happening to the all-powerful owner of Facebook, Mark Zuckerberg, one of the richest people in the world (about 128 billion) and who is considered a technological and business guru. But let's go in parts. Why do we say this about him? Well, because he has made public some very ominous statements that, as always when he speaks, have made the bread rise. Or, at least, alert markets and the economic sector. According to Zuckerberg, the coming recession (we have already talked here about how much truth there is in the idea of a recession at the door) "may be one of the worst in recent history . " All this because Meta , his technology company that brings together Facebook, WhatsApp, Instagram and others, had planned to hire 10,000 people in the coming years and it seems that it will no longer be possible . For example, it will cut the hiring of engineers by 30%. But the worst thing is that it could also cut current staff, that is, fire people . Therefore, hence their fears and their pessimistic mood.
But, again we say, is there any basis for being so scared? Or is it just a blow of reality that has now hit a man who has always had everything going Country Email List for him? Zuckerberg has blinders Zuckerberg is partly right in what he says , we are not going to fool ourselves. The current inflationary crisis derived from high gas and energy prices is nothing short of nothing, and has created a real risk of a global recession. It is a fact. But a crisis worse than that of 2008? That certainly isn't . The financial crisis was a global debacle that sank the economy in a way that had not been seen for a long time and took a long time to recover (there are still echoes, let's not fool ourselves). What's going on? That he didn't even notice, because Facebook was precisely in full expansion and laying the foundations of the empire it currently has.
This is the economy of the Metaverse ON THE SALMON BLOG This is the economy of the Metaverse Then we have the recent crisis caused by COVID , which could hardly be noticed because it was very temporary and did not even touch the technology companies. In fact, it promoted them, since it universalized online commerce and communications through that means by having no other alternative. So what are we left with? The current situation, which is hitting him hard, is worse not so much because of the current context, but because of his own reality. Meta is in the exhaustion phase . The market is saturated, its social networks no longer have much room for growth, and the TikTok and Twitch phenomena are taking over its ground. Furthermore, the entire Facebook espionage scandal and the sale of private data have affected it a lot, and many people are already suspicious of this social network, which has remained a bastion of boomers and little else.