24/7 Wall St.3d agoneutral
Mark Zuckerberg’s 1,000-Person Royal Guard: Inside the “Draft” That Forcibly Moved Meta’s Top Engineers Into a New AI DivisionFor much of the past three years, Wall Street has rewarded Meta Platforms (NASDAQ:META) for ruthless capital discipline. The 2023 Year of Efficiency cut roughly 21,000 jobs, pushed operating margin from the mid-20s to the low-40s, and gave shareholders one of the great re-rate stories of the decade. I bought my position in December 2022 ... Mark Zuckerberg’s 1,000-Person Royal Guard: Inside the “Draft” That Forcibly Moved Meta’s Top Engineers Into a New AI Division
