Mark Zuckerberg says “one of the worst downturns” is on its way

President Joe Biden’s approval rating continues to fall as Americans struggle with high gas prices and economic uncertainty. However, it’s not just ordinary voters who are expressing dissatisfaction with his economic record.

A new report suggests that even some of the president’s wealthy supporters are beginning to turn on him.  

Mark Zuckerberg says “one of the worst downturns” is on its way

Last week, Reuters obtained audio from a company Q&A session in which Mark Zuckerberg warned that economic conditions under the Biden administration will force belt-tightening at Meta, the company which owns Facebook.

“If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history,” the Meta CEO warned ominously.

“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Zuckerberg went on to assert.

Zuckerberg then told his employees, “Part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit, is that I think some of you might decide that this place isn’t for you, and that self-selection is OK with me.”

Zuckerberg was not alone in offering a grim economic assessment. Chris Cox serves as Meta’s chief product officer, and he said in a memo obtained by Reuters, “I have to underscore that we are in serious times here and the headwinds are fierce.”

“We need to execute flawlessly in an environment of slower growth, where teams should not expect vast influxes of new engineers and budgets,” Cox added.

Jeff Bezos: Biden has “a deep misunderstanding of basic market dynamics”

While Zuckerberg’s words imply a lack of confidence in Biden’s ability to manage the economy, another left-wing billionaire was more explicit in his criticism.

That was evident from a tweet put out last week by Amazon founder and high-dollar Democratic donor Jeff Bezos in which he criticized the president’s demand for gas stations to unilaterally drop their prices.

“Ouch. Inflation is far too important a problem for the White House to keep making statements like this,” Bezos complained.

Then said that Biden’s words reflected “either straight ahead misdirection or a deep misunderstanding of basic market dynamics.”

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