VillageMeta head Mark Zuckerberg plans to resort to using the WhatsApp application as a primary source of revenue, in light of the significant decline the company is suffering from across the board.
Mark Zuckerberg said that the “WhatsApp” and “Messenger” applications will drive the next wave of sales and monetization in the company, not the “Metaverse” projects.
Zuckerberg’s statement came with growing investor doubts about the ability of Mita’s projects in the world of the “Metaverse” to turn a profit in the coming years, as well as a 52% drop in corporate profits to $4.4 billion during the third quarter of 2022.
These statements, which came in an attempt to calm concerns about Mita’s financial situation after the layoff of around 11,000 employees, showed that Zuckerberg has decided to use one of his heaviest weapons in the world of communication and chat with the aim of reassuring employees and investors about the company’s financial future.
This step has created a state of confusion among WhatsApp users, who fear that Zuckerberg’s revelations will transform it into a paid app or full of paid ads.
Source: (Russia Today)
