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Benzinga
Benzinga
Technology
Madhukumar Warrier

Mark Zuckerberg Calls Out 2 Factors That Are Impacting Meta's Business

Meta Mark Zuckerberg Facebook

Meta Platforms Inc.'s (NASDAQ:FB)  CEO Mark Zuckerberg has listed two factors that are having an impact on the company's business.

What Happened: Competition for user time from apps like TikTok and Meta’s transition of its services towards short-form video like Reels will put some pressure on Meta’s growth in the near term, Zuckerberg said Wednesday on the company’s quarterly earnings call.

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