An investor of Facebook-parent Platforms urged CEO to cut 20 percent of the company's workforce to reduce its loses. Shareholder Altimeter Capital Management said in an open letter to Zuckerberg that it was concerned about Meta's controversial pivot to virtual reality, which is bleeding money.The warning came two days before Meta reported its disappointing third-quarter earnings loss - which has now seen the company this year, with the company stock down about 24 percent on Friday morning.
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