We just published an Open Letter to Mark Zuckerberg and the Meta Board urging them to tighten their belt and sharpen their investment focus. The plan would 2x annual FCF to $40B, double down on AI, and put a cap on metaverse related investments.
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i think you guys might want to be in “taking advice” mode rather than “giving advice” mode for the next few years
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Fair shot. And for what its worth - I am always in that mode. But I think one can do both.
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The bottom is in when Meta rebrands as Facebook
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The "thrills" of 2 tier stock ownership with no sunset provision means that Mr. Zuck can politely tell shareholders to do what they may while he foil boards, applies copious sunscreen and learns to grapple.
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...and pursues his favorite science projects at non-voting shareholders' expense.
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