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Brad Gerstner's open letter to Zuck, Meta's lack of efficiency, Divvy Homes hit piece | E1594
This Week in Startups
Meta's PE Ratio Has Fallen From 23 X to 12 X
An open letter published to Mark Zuckerberg and the meta board urges them to tighten their belt. The plan would two X annual free cash flow to $40 billion, double down on AI, but put a cap on metaverse related investments. Of course, meta has been tanking to quite an astonishing degree. It now trades at less than half the average PE of its peers.
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