Meta’s will not adopt an investor’s recommendations to slow down its metaverse plans in the near future, the company made clear on Oct. 26.

Earlier this week, Brad Gerstner published an open letter on behalf of Altimeter Capital, a hedge fund that owns 0.1 percent of Meta, listing suggestions for the company to regain the confidence of its investors. He advised the media giant to cut 20 percent of its workforce, reduce capital expenditures by $5 billion, and limit spending on its metaverse initiatives.

Meta did not comment on the letter, but its plans for next year, which it announced as part of its earnings report, reveal its intentions. Meta will maintain a similar…