Source: news.google.com
Meta’s focus on becoming a leading force in the nascent metaverse has begun to unsettle at least one of its investors. These are his suggestions to help the tech giant “get the mojo back from him.”
In an open letter published today, Brad Gerstner, founder and CEO of technology investment firm Altimeter Capital, said “Meta has drifted into the land of excess: too many people, too many ideas, too little urgency.”
The letter, addressed to Mark Zuckerberg and Meta’s board, noted Meta’s “astonishing” financial decline over the past 18 months, which Gerstner said has included a 55% drop in the company’s share price. “And, in particular, this drop in the share price reflects the loss of confidence in the company, not just the…
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