https://www.ft.com/content/c73e861f-0d98-4b34-b5b7-25f7bc2e5d2b
Jim Tierney, chief investment officer for US growth at AllianceBernstein, a Meta shareholder, said it was “definitely a step in the right direction”. But he questioned why the company still expected between 10 and 15 per cent growth in expenses in 2023 regardless of the cuts, adding: “I still think they need to tighten up further on costs.”