Long term Meta investor Brad Gerstner has posted an open letter expressing concern with Mark Zuckerberg’s investment in the metaverse.
As you know, we are long-term shareholders. Despite public skepticism — at times warranted — we have been supporters of the company’s strategy to continuously reinvest in a product-led future and its mission to make the world more open and connected. Moreover, I am a strong supporter of founder-led companies especially when they have your successful track record of seeing the future.
So, its with some hesitation, but significant conviction, I am sharing an open letter strongly encouraging Meta to streamline and focus its path forward. Like many other companies in a zero rate world — Meta has drifted into the land of excess — too many people, too many ideas, too little urgency. This lack of focus and fitness is obscured when growth is easy but deadly when growth slows and technology changes.
Read More at Brad Gerstner
Read the rest at Brad Gerstner