Shulou(Shulou.com)11/24 Report--

CTOnews.com, February 16, according to foreign technology media Vox, after the sharp fall in Meta's share price in 2022 and massive layoffs in 2023, company executives believe that there are signs of recovery and that the negative impact of Apple's ATT privacy measures will not go away.

The company's share price rose again after a period of decline after Meta's latest earnings call, bringing the company's biggest one-day gain in nearly a decade.

"the company is in the early stages of transformation and the process will not go smoothly," said Alex Schultz, the company's chief marketing officer.

Schultz, an CTOnews.com translator, said: "I am very happy that the outside world has recognized our restructuring. I have participated in some internal discussions and the company's employees are confident about the future. But it is too early to say that the company is in a period of recovery."

"employees should not read too much into the reports of analysts or journalists," he said. Meta's operations are neither as bad as they thought during last year's stock market crash, nor as good as they think they are now.

Schultz says the impact of Apple's App Tracking Transparency policy is still there, acknowledging the dependence of Facebook and Instagram on Apple's ecosystem. The company has already laid off 11000 people, and further layoffs are likely to follow.

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