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I have spent over 20 years investing behind some of the worlds great founders who are helping to invent the technologies that move the world forward. The company explained that its goal has always been to "create hardware that's affordable for as many people as possible to take advantage of all that VR has to offer." Gordon Bethune, former CEO of Continental Airlines; board member of Honeywell, Prudential Financial, and Sprint; Unlock your 30 days free access to ETPrime now. The silver lining is that unlike many companies, this popular narrative obscures the truth. March 2013 Protocol ALID: 66704. About Altimeter Capital Altimeter is a leading technology focused investment firm based in Silicon Valley with over $15 billion in assets from endowments, foundations, and family offices. That was our baseline that we were going to have a relatively soft landing, three to four rate hikes. Conclusion A Leaner, Faster, More Successful Meta. Experience Your Economic Times Newspaper, The Digital Way! As always, we welcome the opportunity to engage in further discussions focused on this shared objective. The stock today hit a new low under $3. articles a month for anyone to read, even non-subscribers! I'm not a seller. Our best guess is that maintenance capex for Meta is less than $10B annually. It's also a vote of less confidence about the company's ambitions in the world of virtual and augmented reality. I have deep respect and admiration for founders that continue to grind, inspire, and invent long after the financial motivation is gone. This is a leading internet company in Southeast Asia. I think if you said why might these numbers have to come down if we're heading into a recession, the numbers are likely to come down. I expected that as the world of normalized post Omicron that we would get back to the five-year average multiple. The social media company had in June cut plans to hire engineers by at least 30%, with Zuckerberg warning employees to brace for an economic downturn. Meta needs to regain the confidence of investors, the public and employees, Altimeter Capital Management CEO Brad Gerstner said Monday in an open letterto Zuckerberg. He also asked Zuckerberg to cut down on capex and employee expenses. Altimeter said annual free cash flow can be doubled to $40 billion (roughly Rs. Will His AI Plans Be Any Different? Conclusion A Leaner, Faster, More Successful Meta. Altimeter Capital Management, ISDA 2021 SBS Top-Up Protocol - Adherence. About Altimeter Capital Altimeter is a global investment firm managing both public and private funds focused on the airline, travel, technology, internet, software, and consumer sectors.