This Week in Startups Brad Gerstner's open letter to Zuck, Meta's lack of efficiency, Divvy Homes hit piece | E1594
Oct 25, 2022
A prominent investor's open letter proposes a bold three-point plan to boost Meta's free cash flow and stock price. The discussion dives into the questionable efficiency of Meta compared to competitors like Google. A fascinating NFT project linked to the infamous Fyre Festival is unveiled, raising eyebrows. The hosts also analyze a critical hit piece on Divvy Homes, highlighting press biases and the challenges female leaders face in the media. Finally, the conversation touches on the need for fair and balanced journalism in today's sensationalist landscape.
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Meta Investment Strategy
- Consider buying Meta stock if you believe in the long-term potential of VR/AR.
- If you prioritize profit, invest elsewhere and look for companies with buybacks and dividends.
Meta's Hiring Spree
- Meta's employee count tripled in four years, raising questions about efficiency.
- This rapid hiring, mirroring Google's strategy, aimed to acquire talent and stifle competition.
Gerstner's Open Letter
- Brad Gerstner's open letter to Mark Zuckerberg urges Meta to streamline and focus.
- Gerstner proposes cutting headcount, CapEx, and limiting Metaverse investment to boost free cash flow.