Is Mark Zuckerberg planning to move Meta's headquarters into his version of the metaverse?
That's one interpretation of the spin accompanying the latest downsizing of its global office footprint by the Facebook parent, the listing for sublease of its 435K SF office at 181 Fremont Street in San Francisco.
After the company's stock price—and a significant portion of Zuckerberg's personal net worth—plummeted by nearly 70% last year, Meta has undertaken a rapid campaign to pare more than $2B from its balance sheet by downsizing its global office footprint, opting out of leases as well as listing properties for sublease.
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