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.

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