Meta Aims to Focus on AI, Ads and Reels in 2023 After Near $14B Loss in Reality Labs in 2022
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The company said the instability of foreign exchange rates took its toll on Meta’s total revenue for Q4, which amounted to $32.2 billion in 2022. “We're working on flattening our org structure and removing some layers of middle management to make decisions faster, as well as deploying AI tools,” said CEO Mark Zuckerberg.