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Mark Zuckerberg’s spending reportedly ‘terrifying, even by Silicon Valley standards’

Por: New York Post Tech October 24, 2022

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Facebook-parent Meta Platforms needs to streamline by cutting jobs and capital expenditure, its shareholder Altimeter Capital Management said Monday in an open letter to Chief Executive Mark Zuckerberg. The company has lost investor confidence as it ramped up spending and , said the technology-focused hedge fund with a 0.1% stake and . Altimeter said annual free cash flow can be doubled to $40 billion if it cut headcount by at least 20%,... + full article



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