Altimeter’s Brad Gerstner, an investor in TikTok’s parent firm, remains bullish on Meta. Here’s why

Investors are staying on the sidelines amid a broad selloff in tech stocks this year. Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results.
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Altimeter Capital founder Brad Gerstner told CNBC on Tuesday he's optimistic on Meta Platforms, contending the Facebook and Instagram parent will be able to overcome its recent stock slide.