this post was submitted on 03 Aug 2023
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This is the best summary I could come up with:
Mr Zuckerberg - who made the comments in a call to employees, heard by the Reuters news agency - described the situation as "normal" and said he anticipated retention to improve as new features were added to the app.
The company's chief product officer, Chris Cox, told staff it was now focused on adding more "retention-driving hooks" to draw people back to the platform.
Mr Zuckerberg also updated employees on the company's enormous bet on a yet-to-be-created virtual reality world, called the Metaverse.
That prediction may intensify concerns that Meta has dedicated too much time and money to the Metaverse - its Reality Labs division, which produces VR headsets and other products, has racked up multi-billion dollar losses.
Mr Zuckerberg also addressed one other headline-making issue - his proposed cage fight with fellow tech titan Elon Musk.
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Oh cool we have a TLDR bot on lemmy too! Good bot.
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Good bot!