Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don’t show up 3 days a week::Meta, formerly known as Facebook, told employees that its new RTO policy would be enforced by management.

  • GenericUsername34@lemmy.world
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    1 year ago

    They lost ~$10b in net income in Q4 '22 and Q1 '23 so definitely a company in some level of distress, but Q2 saw them ~$7.5b in the black.

    • stigmata@lemmy.world
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      1 year ago

      What? They make billions in profit every quarter and have been for a long time. Meta isn’t anywhere near being in trouble.

    • kabobbl@lemmy.cafe
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      1 year ago

      Meta net income

      • Q4 2023: USD 4.652Bn.

      • Q1 2023: USD 5.709Bn.

      • Q2 2023: USD 7.788Bn.

      • Q4 2022: Facebook monthly active users (MAUs) – MAUs were 2.96 billion as of December 31, 2022, an increase of 2% year-over-year.

      • Q1 2023: Facebook monthly active users (MAUs) – MAUs were 2.99 billion as of March 31, 2023, an increase of 2% year-over-year.

      • Q2 2023: Facebook monthly active users (MAUs) – MAUs were 3.03 billion as of June 30, 2023, an increase of 3% year-over-year.

      User stigmata is correct and neither Meta nor Facebook are sinking, despite what we might want to believe.