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Meta Investor Calls on Mark Zuckerberg to Lower Metaverse Spending

By
Sylvia Varnham O'Regan
· · Source: Medium

Meta Platforms shareholder and Altimeter Capital CEO Brad Gerstner is calling on Meta CEO Mark Zuckerberg to cut spending and reduce employee headcount in order to rebuild confidence with investors. In an open letter Monday, Gerstner said Meta had “drifted into the land of excess — too many people, too many ideas, too little urgency.” He urged the company to reduce headcount expense by at...

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