by Brad Gerstner, founder of Altimeter Capital, who holds about 0.1% of Meta’s equity, published an open letter on Monday (10/24), claiming that Meta’s physique has been too inflated, and the stock price has fallen more than the market average, urging Meta to reduce its manpower by 20% and reduce annual expenses. Downsizing from $30 billion to $25 billion, and investing in the Metaverse should not exceed $5 billion a year.
