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Mark Zuckerberg and the tech bros are still on top – but their grip is loosening
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It has been a bruising time for Facebook. The company is still absurdly profitable – Meta, its renamed parent company, which also owns Instagram and WhatsApp, generated $86bn (£63bn) in revenues last year, while Facebook’s own revenues grew by 56% in the second quarter.
But away from the lucre, there is diminishing lustre. It stands condemned by critics and a widely feted whistleblower.
And now it finds its standing diminishing among its peers. I have been at the Web Summit in Portugal, a sort
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