Meta investor puts the brakes on the disappearing billions

Ο πρόεδρος και διευθύνων σύμβουλος της Altimeter Capital Brad Gerstner δήλωσε σε μια ανοιχτή επιστολή προς την εταιρεία Meta και τον διευθύνοντα σύμβουλο Mark Zuckerberg τη Δευτέρα ότι η εταιρεία έχει πάρα πολλούς υπαλλήλους και κινείται πολύ αργά για να διατηρήσει την εμπιστοσύνη των επενδυτών.

Ο επενδυτής της Meta συνιστά ένα σχέδιο για την ανάκτηση του “mojo” της εταιρείας. Το σχέδιο περιέχει την μείωση των εξόδων προσωπικού κατά 20% και του περιορισμού των ακριβών επενδύσεων της εταιρείας στην τεχνολογία “metaverse” σε όχι περισσότερα από 5 δισεκατομμύρια δολάρια ετησίως.metaverse

"Meta must rebuild trust with investors, employees and the technology community in order to attract, inspire and retain the best people in the world," Gerstner wrote in the letter.

"In short, Meta should be fit and focused." The letter is the latest indication that Meta investors are beginning to express reservations about the company's recent performance. Meta stock is down more than 61% in 2022 so far.

At the end of the second quarter of this year, Altimeter Capital owned over 2 million shares of Meta. It's also a vote of less confidence in the company's ambitions in the world of virtual and augmented reality.

Η Meta άλλαξε το όνομα της εταιρείας της από Facebook για να επικεντρωθεί περισσότερο στο VR hardware και software. Όμως spent $10+5 billion this year for new technology.

On October 11th, Meta announced a new high-end VR headset, the Quest Pro. However, there is little evidence that virtual reality or some of Meta's metaverse applications, such as Horizon Worlds, are attracting an audience.

"Furthermore, people are confused about what the metaverse means," Gerstner wrote. “If the company was investing $1-2 billion a year in this project, then this confusion might not even be a problem. The estimated $100 billion investment in an unknown future is extremely large and scary, even by Silicon Valley standards.”

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Written by giorgos

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