--- title: "Facebook owner Mark- Zuckerberg plans to keep things lean after q4 earning" description: "Learn about the Facebook owner Mark- Zuckerberg plans to keep things lean after q4 earning in this news" author: "HARIDHA P" published: 2024-02-03 updated: 2024-02-03 canonical: https://www.mindstick.com/news/3753/facebook-owner-mark-zuckerberg-plans-to-keep-things-lean-after-q4-earning category: "facebook" tags: ["facebook"] reading_time: 2 minutes --- # Facebook owner Mark- Zuckerberg plans to keep things lean after q4 earning **[Mark Zuckerberg](https://yourviews.mindstick.com/view/85512/elon-musk-mark-zuckerberg-two-business-tycoon-of-similar-age)** is so happy with his "12 months of performance" that he has decided to extend it indefinitely. On Thursday's earnings, after Meta found out fourth-area monetary results that exceeded analysts' expectations, [Zuckerberg](https://yourviews.mindstick.com/view/85168/journey-of-mark-zuckerberg-from-facebook-to-metaverse) stated that he desires to "preserve things lean" and has no plans to boom hiring. Headcount, which peaked at more than *86,000 in 2022, fell 22%* closing year to sixty seven,317 as Meta carried out massive fee cuts to reassure buyers who had lost faith inside the [organization](https://answers.mindstick.com/qa/100623/what-is-the-role-of-the-world-health-organization-in-global-health)'s capability to evolve to changing [marketplace](https://www.mindstick.com/articles/12472/mgs-front-end-builder-for-magento-2-best-selling-product-on-magento-marketplace) situations. Exactly a year ago, in an profits call, Zuckerberg stated that [management](https://www.mindstick.com/articles/23490/tips-for-better-cash-flow-management)'s awareness for 2023 will be the "year of performance," and that [Meta](https://yourviews.mindstick.com/view/86569/meta-is-set-to-launch-it-s-threads-app-in-eu-what-to-expect) becomes a "more potent and more nimble enterprise." [Wall Street](https://answers.mindstick.com/qa/41981/why-is-wall-street-seen-as-an-important-economic-center-for-the-united-states) has rewarded him ever on account of that. Last year, the inventory nearly tripled in price, ranking as the S&P 500's 2d-first-rate performer, after handiest Nvidia. It set a document for the final month, and the ongoing climb has taken Meta's market capitalization a ways past *$1 trillion*. Meta announced on Thursday that fourth-quarter revenues increased by *25% to $40.1 billion*, the greatest rate of growth since mid-2021. [Net income](https://yourviews.mindstick.com/view/85086/why-tesla-net-income-drops-more-than-20-from-the-last-year) increased by *201% to $14 billion*, and the company's operating margin more than doubled to 41 percent. The stock rose 15% in extended trade. Add it all together, and Meta demonstrates that it can grow at a healthy rate while substantially reducing costs, which fell 8% from a year ago. The business is so secure in its [financial health](https://answers.mindstick.com/qa/105700/how-to-assess-a-company-s-financial-health-before-investing) that it authorized a *$50 billion* share repurchase and, for the first time, declared a quarterly dividend of 50 cents. ## 'Even after 2024' According to Meta, general spending for the year would vary between $94 billion to $99 billion, up from *$88.15 billion in 2023*. **Finance chief Susan Li** said that capital expenses might be among *$30 billion and $37 billion, "a $2 billion* increase from the high stop of our previous range." But when it comes to hiring, Zuckerberg says the days of hypergrowth are over. Meta plans to hire for high-paying technical posts this year, but Zuckerberg stated that the rise in personnel will be "relatively minimal" compared to [previous years](https://answers.mindstick.com/qa/114122/how-have-social-media-trends-evolved-in-2025-compared-to-previous-years). --- Original Source: https://www.mindstick.com/news/3753/facebook-owner-mark-zuckerberg-plans-to-keep-things-lean-after-q4-earning Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.