Facebook's parent company Meta Networks warned of slowing revenue growth in the face of competition from rivals such as TikTok and YouTube. Facebook has seen the number of people using it every day fall for the first time in its 18-year history. Mark Zuckerberg: "I take full responsibility for this decision. This was ultimately my call"
Mark Zuckerberg fired 11,000 employees at Meta. Elon Musk axed half his staff at Twitter. Other tech giants are slashing jobs and eliminating perks, too. Recode’s Peter Kafka says the era of big tech growth is over.
This episode was produced by Amanda Lewellyn, edited and fact-checked by Matt Collette, engineered by Paul Robert Mounsey, and hosted by Noel King.
Transcript at vox.com/todayexplained
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