Meta is facing a reckoning it may not recover from

Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Weekly, a roundup of some of our top stories.

On the agenda today:

• Gen Z hates working from home — $4
• Facebook is facing a reckoning as $4.
• People are waging a campaign of terror on Instagram and Twitter $4.
• Insiders say former Disney CEO Bob Iger was unhappy $4.

Let me know what you think of all our stories at mturner@insider.com.

Before we get started: Science and space reporter Morgan McFall-Johnsen is taking us behind the scenes of the $4 from the James Webb Space Telescope.

If this was forwarded to you, sign up here.>$4 Download Insider's app here.>$4

Our new cosmic views>$4

>$4

NASA opened a new window into the cosmos when it released $4 from the James Webb Space Telescope this week, writes Morgan McFall-Johnsen. From a bubbling blue nebula to countless distant spiral galaxies, these sharp images wowed the world and $4.

The images uncovered new stars and galaxies, but astronomers were just as excited by a few squiggly line graphs. The bulk of JWST's science is spectroscopy, a method of breaking down the light from distant objects. By analyzing where light falls along the infrared rainbow, JWST can show scientists exactly which elements are present in the planet, star, or galaxy emitting that light.

All this is just a hint of the science ahead — the first five days of what could be decades of JWST observations. In the coming years, spectroscopy could reveal how the first galaxies emerged, how black holes evolve, and $4.

Now, let's get to this week's top stories.

Gen Z wants to work together IRL>$4

$4

Working from home is like fashion: one size doesn't fit all, reports Insider's Aki Ito. Gen Zers coming out of college may see the office as a nicer and more exciting place to work than their apartments, but not all generations feel the same. In the era of remote work, the divide in opinion could present a sticky dilemma for employers.

Why the youngest workers feel so drawn to working in offices.>$4

Meta is in a perfect storm>$4

$4

For the first time ever, Facebook's advertisers are slashing spending and shifting dollars elsewhere. Analysts expect the social-media giant to record zero growth in the second quarter.

And while Google and Twitter are also facing a slowdown, what's different is that Meta could lose share of client spending — a problem one top industry exec said would be "a first."

Why Meta is facing reckoning>$4

On social media, people are going to war over usernames>$4

$4

Chris Eberle is used to receiving threatening messages about his Instagram username, @ginger, a so-called "OG handle." Then the harassment calls began, and his family was targeted. His assailant soon found out where he lived.

Across Silicon Valley and beyond, tech-industry veterans are being similarly tortured. Why would someone care so much about OG handles?

Inside the obsession with the most sought-after social media handles.>$4$4

Bob Iger's succession planning was 'a notable failure,' insiders say>$4

$4

Iger thought he would spend his final year as Disney's CEO on a global goodbye tour, bidding a personal adieu to the dignitaries and employees who helped create Shanghai Disney and theme parks from Tokyo to Paris.

Instead, according to several Disney sources and others familiar with Iger's thinking, the exec spent 2020 and 2021 watching COVID-19 devastate the company he had led for 15 years — and regretting what he has called one of his worst business decisions: $4.

Here's what else insiders told us.>$4

This week's quote:

"At first, it still felt like that 'vacation' feel. But as reality sinks in that you're actually living there, that wears off. Living there is just such a completely different planet."

• Kimberly Lovelace, a 51-year-old $4.

More of this week's top reads:

• Google is pulling back hiring for the third quarter, $4.
• After Oracle Advertising laid off staff, some are facing $4.
• We outlined how much accountants and consultants $4.
• An Airbnb host with four Idaho rentals breaks down $4.
• Meet Paxos, the startup behind $4 from Bank of America, Mastercard, and PayPal.

Call for nominations: We're looking for innovative leaders for our 100 People Transforming Business. Here's how to submit a nominee.>$4

Plus: Keep updated with the latest business news throughout your weekdays by checking out $4, a dynamic audio news brief from the Insider newsroom. Listen here tomorrow.>$4

Curated by Matt Turner. Edited by Jordan Parker Erb, Sarah Belle Lin, and Hallam Bullock. Sign up for more Insider newsletters here.>$4