11/24/2023 0 Comments Call me meta meme![]() This person is genuinely excited about Meta’s long-term plans, like developing lightweight augmented reality glasses, but is concerned about how long it will take until Meta begins making money from these kinds of products. ![]() “The worry is: What is going to sustain us, especially if the stock keeps going down?” said one employee who has worked at the company for several years. (These sources were granted anonymity for fear of professional repercussions for speaking publicly.) Some welcomed these changes, but overall, they said morale is lower than in previous years, especially because of the recent layoffs, the stock price decline, and persisting doubts about the company’s metaverse pivot. At the same time, they said colleagues are more competitive than ever. These sources, who include high-level directors and rank-and-file engineers, told Recode the company’s culture is becoming more focused on efficiency and increasingly restrictive about employee communications. Recode interviewed nearly a dozen Meta employees - some current and some who left the company in the past year - who described a state of anxiety and optimism inside the company about the challenges it faces. “But 2022 is a good reminder that things are not always as good as what you want, and you can’t take that for granted, so we’re gonna have to really push hard.” “I’m quite optimistic about all of this,” he said at the recent company-wide Q&A meeting. And he’s going to need Meta employees to work harder than ever. He’ll keep building the metaverse, but he’ll focus most of his time on improving Meta’s core social media business (Facebook and Instagram) and finding new ways to expand the company’s popular but less profitable messaging apps. Zuckerberg says he has a plan to reverse the slump. Wall Street analysts blamed a number of setbacks specific to the company: rising competition from TikTok, slowing ad sales because of Apple’s new privacy restrictions, and skepticism about Zuckerberg’s $10-billion-a-year investment in building a virtual- and augmented-reality metaverse. But Meta was hit with the largest drop in valuation among the top five Big Tech firms. In 2022, the entire tech industry faced a stock market slump due to rising interest rates, sharp inflation, and other rocky macroeconomic conditions. Meta has arguably had one of its toughest years ever - not because of scandals like in times past, but because, after 18 years of seemingly unstoppable growth, its stock price plunged by 65 percent year over year. “We made our plan for ’22 in terms of how we thought the business was going to go, and obviously it hasn’t gone the way that we wanted to,” Zuckerberg told employees in an audio recording of the meeting that Recode obtained. When used in online political language it can mean "based in fact" or the opposite of biased due to the number of people who saw it being first used seriously by the online political right and came to the conclusion that is was related to the phrase "destroyed with facts and logic" in reference to right wing personality Ben Shapiro.At the opening of Meta’s last company-wide Q&A of 2022, Mark Zuckerberg sounded disappointed but determined. For that reason the word is largely used meta-ironically (without context you can't tell if it's being used ironically or sincerely as it's used in both ways) and was popularized in online political slang of conservatives and the political right before being adopted into mainstream online political slang (likely through shitposting websites or subreddits such as r/politicalcompass memes that are similar to 4chan in their meta-irony and "edginess" but contain a wider variety of political beliefs) and eventually adopted into general online vernacular. The latter usage is the original use as coined by rapper Lil B, and the word originally took off on the meta-ironic website 4Chan with the latter meaning. The opposite of cringe, some times the opposite of biased. Especially common in online political slang. courageous and unique or not caring what others think. A word used when you agree with something or when you want to recognize someone for being themselves, i.e.
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