Altimeter Capital's Brad Gerstner Issues Open Letter to Meta (META) and Mark Zuckerberg
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
Goldman Comments on Meta Platforms (META) Q3 2022 Earnings
October 26, 2022 4:38 PM EDTGoldman Sachs analyst Eric Sheridan comments "We would expect investors to have an initial negative reaction to META's Q3 22 earnings report with a mixed set of results. On the positive, FX-neutral advertising revenue growth of +3% YoY was better than feared and in the top end of the guided range. In... More
JPMorgan Summary of Meta Platforms (META) Q3 2022 Earnings
October 26, 2022 4:24 PM EDTJPMorgan analyst Jack Atherton comments "META (-11% post mkt): Q3 revenue +2% FXN vs whispers +LSD%. Reported revenue $27.7b (-4%) vs guide $26.0- 28.5b. Family DAPs 2.93b vs Q2 2.88b; Facebook DAUs 1.98b vs Q2 1.97b. EPS $1.64 vs St $1.90. On the outlook, mgmt guiding to Q4 $30.0-32.5b... More
Meta Platforms (META) Should Reduce Headcount Expense by 20% - Altimeter Capital
October 24, 2022 10:39 AM EDTIn an open letter to Meta Platforms (NASDAQ: META) on Monday, Altimeter Capital Chair and CEO Brad Gerstner said that the social media and metaverse company needs to get its mojo back and re-build confidence with investors through a reduction in headcount, Capex and limiting investment in the metaverse.
Gerstner recommends that Meta reduce its headcount expense by at least 20%, lower annual Capex by at least $5 billion from $30 billion to $25 billion, and limit investment in its metaverse/Reality Labs division to... More
Meta Platforms (META) Quickly Erases Decline, Back to Flat
October 24, 2022 10:36 AM EDTMeta Platforms (NASDAQ: META) Quickly Erases Decline, Back to Flat
