Type to search

Meta in Transition, Says Ad Chief – The Information

“We’re making significant investments … that will pay off in the long term,” she said, referring to the metaverse, and signalling a short-term slowdown

Marne Levine, right, Meta's chief business officer, and Sheryl Sandberg, chief operating officer, attend an event in 2019. Photo: Reuters


Marne Levine, chief business officer at Meta Platforms, told The Information that Facebook is in a period of “transition” similar to its difficult shift a decade ago from desktop apps to mobile apps where ads were unproven.

“We’re making significant investments in big bets that will pay off in the long term,” she said in an interview, referring to Meta’s move towards the metaverse, and signalling a short-term slowdown.

Read the full report: The Information




Facebook’s Crypto Venture to Wind Down After Sale to Silvergate


China’s Metaverse Might Be Vastly Different to Global Version


Meta Labels India, China Groups as ‘Cyber Mercenaries’



George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.


AF China Bond