in particular, fa facebook, not meta, this is a particular problem for the facebook app, something they've been working on and sounds line the first quarter will be the worst quarter in ermz it of the impact of those ios changes versus a year ago and those hadn't hit yet so i think this is something that they're working on and i think it's something that analysts anticipated they'd be faster at addressing advertisers but it is taking them some time to get advertisers used to this new way of targeting and measuring their ad impact as well as sort of figuring out new tools to help have this same effect as they could before people could opt out of targeting. so this is going to be a key thing to watch for snap. facebook has been broadcasting for a long time that this was going to be an issue and i think the hope was they'd have gotten a hold of it by now but for snap, it's a more recent issue that we've been aware of it wasn't until last quarter that investors god concerned about that >> yes, when we spoke to the ceo, when this was going on he sounded confident. we'll see what happens tonight

he thinks the methods used by facebook to get people who are no longer working, 98 percent of how facebook makes money. and now meta makes money is by facebook ads to prioritize there being as much real estate as possible. meaning that you are staying on the site for as long as you can. they have prioritized controversial posts as opposed to post that might make people feel good about being on their platform. that's great when everything is, is booming. you continue to make sure that you are able to sell as many ads as possible because there are more eyeballs on your site. but i do think that it is it a wall in terms of people just not enjoying their time on facebook? it's where you fight with your family, which is not a.

because investors are looking at facebook and say, no, no, it facebook fall in everyone's falling. not necessarily, but what i think is we're seeing it right now. a is a, as a level of concern among investors who are essentially looking at anything that happens in this space. and they're, they're jumpy right now. and nobody wants to be left holding the bag. and so in facebook case, not only to it also spur some fear for other companies, but investors i think are basically saying let's shoot 1st ask questions later. meaning sell 1st ask questions later, will sell, will get out and then we'll find out what was the cause. and unfortunately the answer for facebook as to what was the cause isn't very good. yeah, definitely. and i know it's interesting because when we talk about facebook, we talk about how it's almost obsolete in the minds of a number of people in the public. but at the same time, we know that all social media are not the same. so wire investors so quick to sell when a company misses their earnings. mike, we've got about 30 seconds left. yeah, i really think it just come

rightly so today, outperforming facebook by 30% right now. it's another big day for earnings tomorrow, by the way. up next, we'll have a rundown of what to expect when amazon reports. we look forward to that one. also, we will look out and be back in a couple of minutes. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones ♪♪ giorgio, look! the peanut butter box is here. ralph, that's the chewy pharmacy box with our flea and tick meds. it's not peanut butter. ♪ the peanut butter box is here ♪ i'm out. pet prescriptions delivered to your door. chewy. losses have been down more than 18%. the call is under way. let's get to julia boorstin. >> there were a couple of key comments, sarah, that led to the stock making ba

this is doable, but obviously requires investments by facebook. these are choppy, see the method is sailing on last week. the company last active daily uses for the 1st time in history, not sent the stock price tumbling by nearly a quarter, despite the threats of a european pull out the financial implications of doing so highly unlikely to be popular with shareholders. control of a r c for lead to this technology that bill new telling us that are a number of scandal surrounding facebook. and it's an ability to provide data security met. so could quite easily set up a, an infrastructure in parallel in europe and process the data there, there are a number of different options it could take. the most obvious plan of all is for it to actually comply with the law. there been any number of scandals involving facebook and it's inability to actually implement our privacy and security effectively. it doesn't seem to learn extra territorial laws that exist in the u. s . need to be revised in order to introduce a certain key elements we. we need that to be a

christy facebook says it's expecting revenue growth to slow in this quarter. is there a plan to offset this prediction? right, well these are the shocking figures that we've seen today are actually not really much of a shock to meta. and already last year we saw them talking about declining the growth about problems with his eyes on privacy policy. and this is why we saw major re brand at the end of last year with rebranded of magic reverse 1st company. we're also saw in their figures reported this time for the 1st time they've off there reality labs. this is the segment responsible for this members push into is segment. i'm so this is really where the, where this company sees its future. bloomberg has said that this could be an $800000000.00 market opportunity and i was betting on that as well. d, w. christie watson. thank you and we apologize for the quality of the line there. india is hoping to spend its way to once again becoming the world's 2nd fastest growing economy. the indian finance ministers, latest annual budget, includes a $100000000000.00 in capi

they're not able to access their personal facebook pages and some of these amends user facebook for business purposes. and they have personal information, photographs that they can't access and facebook will not allow them to be up and running. and since it uses their addresses, and there are serial numbers on their phones, they're unable to create a new account to move forward on facebook with their business. people involved in the convoy what's 3rd mood after days. all of this on on constant opposition from the media from government. so many truckers have traveled to like thousands miles to have their voices heard and instead of being hurt, we have a prime minister that is not speaking to them. instead as being a saying, a lot of hateful, discriminatory comments about these truckers and that just for the divide to segregates community and our country. and at this point, the whole purpose of the convoy is to move forward, unite our country and make sure that we have a resolution that is successful. so that we can actually continue. protests are also on going in the canadian capital also up

this is doable, but obviously requires investments by facebook. these choppy c method is sailing on last week. the company last active daily uses for the 1st time in its history, not send the stock price tumbling by nearly a quarter, despite the threats of a european pull out the financial implications of doing so highly unlikely to be popular with shareholders. control of a r c for lead privacy activist on technology expert bill news say that our number of scandal surrounding facebook. it's an ability to provide data security met. so could quite easily set up a, an infrastructure in parallel in europe and process the data there. there are a number of different options it could take, but most obvious, all plan of all is for it to actually comply with the law. there been any number of scandals involving facebook and it's. 7 inability to actually implement a privacy and security effectively, it doesn't seem to learn extra territorial laws that exist in the you need to be revised in order to introduce a certain key elements we, we need that to be a l

what is it because investors are looking at facebook and say no, no, it facebook falling, everyone falling. not necessarily. but what i think is we're seeing it right now is a, as a level of concern among investors who are essentially looking at anything that happens in this space. and they're, they're jumpy right now. and nobody wants to be left holding the bag. and so in facebook's case, not only to it also spur some fear for other companies, but investors i think are basically saying let's shoot 1st ask questions later. meaning, so 1st ask questions later. we'll sell, we'll get out and then we'll find out what was the cause. and unfortunately the answer for facebook as to what was the cause isn't very good. and definitely, and i know it's interesting because when we talk about facebook, we talk about how it's almost obsolete in the minds of a number of people in the public. but at the same time, we know that all social media are not the same. so wire investor so quick to sell when, when a company misses their earnings mark we've got about 30 seconds lot. yeah, i really think it just com

and have people had enough of facebook. the sides reported a drop in daily uses for the 1st time ever. parent company sees share prices plummet and blame stuff fresh from rival also just a day to go before the winter olympics, begin in beijing, but boring over china's core human rights, michael could push sport to the side lights. ah, i'm dev office. thanks for joining us. german chancellor has said he plans to meet with russian president vladimir putin to discuss tensions over ukraine shows, has been facing pressure to take a tougher stance on russia. with critics accusing germany of being out of step with its allies in tackling the crisis. he is now trying to reassure people that germany is indeed pulling its weight the tradition of a shock with of course, i have also spoken with the russian president, and of course, we are carefully preparing everything that needs to be done. use our fun. i will now be going to the u. s. and i will be continuing the conversation on the necessary issues in moscow soon as it's important th

effects psychologically on young girls and younger users of a facebook which facebook had and even commissioned. so, you know, i think in aggregate these little things have now come together. and we're now seeing a company that hopefully is intro, being a little more interest spectrum and asking itself, how did we get here? and how are we going to get fixed? is there a answer to turning it around in the near to mid term? briefly, if you can very briefly, there's no one magic bullet. it's going to be a combination of things. but the starting point is the culture elson, stewart allen, international marketing partners. thank you very much. thank you. borrowing rates in the euro zone will remain unchanged following a meeting of the see the governing council today. remarks by president christine the guard suggested however, the door was open to taking measures later this year. on the guard warned inflation was likely to persist and decline to rule out of rate hike for 2023. rising energy costs have driven up prices across the u. growth rates remain slow, however, worrying some economists that hiking

effects psychologically on young girls and younger users of a facebook which facebook had and even commissioned. so, you know, i think in aggregate these little things have now come together. and we're now seeing a company that hopefully is internet being a little more interest spectrum and asking itself, how did we get here? and how are we going to get fixed? is there a answer to turning it around in the near to mid term? briefly, if you can very briefly. there's no one magic bullet. it's going to be a combination of things. but the starting point is the culture. allison stewart, allen, international marketing partners. thank you very much. thank you. borrowing rates in the euro's own will remain unchanged. following a meeting of the governing council today, remarks by president christine the guard suggested, however, the door was open to taking measures later this year. on the guard warned inflation was likely to persist and declined to rule out a rate hike for 2023. rising energy costs have driven up prices across the u. growth rates remain slow, however, worrying some economists that hiking

users for facebook declined between the third and fourth quarter with 1 million lost in facebook's two most valuable regions, including the u.s. and canada we are seeing other social stocks plummet on concerns snap and pinterest report tomorrow melissa. >> julia, thank you. a lot of the social stocks were down in today's session ahead of meta's print is down 22% warranted? >> it seems a little overdone to me, but we talk about the three-day rule all the time and certainly, i think, let this shake out. also, we haven't heard the call yet. very often we get a different color on the call than we get from the release but there was a lot to not like, and julia hit on most of the high points there. obviously that 3% to 11% growth, that was thespookiest thing about it i try to think back, there was a time in 2018 where they missed on revenue and growth, and the stock went down about 20% then as well. at the time it was under a cloud of cambridge analytica and whatever the du jour thing was then so, to me, it seems like it's kind of overdone, but i want to hear what's on the call. the thing th

there's just on the 310000000 facebook years is a year of meta. it's threatening to cook them off unless a new deal can be stroke specifically and you deal that will allow the data harvesting to continue. we will likely be unable to offer a number of our most significant products and services, including facebook and instagram in europe. critics of method say they hope the us, but he miss will follow through on it. threats. don't expect look of the empire to turn it back on the money it makes from europe just yes, given much as profits in europe. i would rule out that the company will carry out its threat at any rate, a withdrawal of the surveillance colossus from europe would be welcome because he would finally get better competitors, a real chance and the framework of the plan digital market sacked. we'll fighting to endo dependence on corporations like matter by means of interoperability in order to give uses a real choice. lawyers who have worked to expose the data breaches the facebook saying that there are ways to fix this. but it requires gu

we discussed facebook's very ugly queert and now recent bad news from spotify. the joe rogan covid controversy creating an image problem there but the company's results showing a different problem. the forecast for subscriber growth fell well short of expectations and why the stock is sinking today, it is down 49% over the past year joining us is jeff mills you have an empty room behind you there, jeff. keep the fans away the groupies have to stay away for now. let's talk about the company and what you think is next it. can they turn it around? how do they get to profitability and jove come the image problems and reverse subscriber growth decline? >> good to see you it is nice and quiet interesting with pspotify. there's a focus on profitability. we are in a macro environment. earnings growth is slowing down. any time there's a crack in the profitability narrative you see companies punished harshly investors are looking for profitability inflection and is that timeline pushed out lack of guidance is problematic and especially in this market investors are unforgi

chris, it's it's, it's different to facebook a, the isn't facebook. so in all the areas where facebook struggling, slappey, seeing it's uses grow, it's also not getting the tick tock effect that facebook's getting particularly in in india with picked up and you know, is banned. snap is growing really fast, so that's an example of how you can't group even social media together. so you certainly can't group old big tech boats robots from, you know, even us, thank you so much for being here. now to some of the other global business stories making news bass and p 500 experienced it's worst day since february 2021 on thursday with a 2.4 percent fall largely driven by plunging tech stocks. the sell off led by metas record collapse, was also evident on the tech heavy nasdaq, which last 3.7 percent. the u. s. automaker ford reported nearly $18000000000.00 and net profit for 2021 despite ships shortages and manufacturing slowdowns income was boosted by steak and electric trucks. started river in the earnings fell short of market expectations, however, and shar

it's it's, it's different to facebook a, the isn't facebook. so in all the areas where facebook struggling, slappey, seeing it's uses grow, it's also not getting the tick tock effect that facebook's getting, particularly in, in india with tick tock, you know, is banned. snap is growing really fast, so that's an example of how you can't group even social media together. so you certainly can't group old big tech boots robots from 2 to even us. thank you so much for being here. now to some of the other global business stories making news bass and p 500 experienced. it's worse day since february 2021 on thursday with a 2.4 percent fall largely driven by plunging tech stocks. the sell off led by meadows record collapse, was also evident on the tech heavy nasdaq, which last 3.7 percent. the u. s. automaker forward reported nearly $18000000000.00 and net profit for 2021 despite ship shortages and manufacturing slowdowns. income was boosted by a steak and electric trucks started reviewing. the earnings fell short of market expectations, however, and sh

carleton: facebook acknowledges users spending less time on the platform. they reported fewer users. that was a first for them. are they leaving for platforms like tiktok, or his social media on its way out the way we've been experiencing it? laura: exactly right. people don't want to talk to friends but create communities around tiktok or reddit, creator is of interest with people they don't know. that is where it is going and one of the 7 areas, content that has nothing to do with your friends but these monopoly businesses, he goes into areas where other competitors have been for five to 10 years. >> facebook is shrinking. the company is spending a lot of money in the meta-verse. i don't get how sticking a giant moon visor in someone's head makes more likely to stick around? how does the company make money in the meta-verse? is there's a chance for this spending? laura: he was having trouble hiring engineers and when he said he was a leader in the meta-verse that is attractive to employees. it does cost money which facebook hates the keeping your employee

this was a historical time for facebook. for the first time facebook showed a drop in users. it also lost more share value today than any other time in its history. the question now, is facebook a thing of the past? our business and tech reporter scott budman is at met toe headquarters in menlo park. >> reporter: this is the day facebook stood still, reporting a drop in daily active users for the first time watching investors get pummeled, losing $200 billion in stock value. >> people especially have found a lot less joy seemingly on facebook and instagram. >> reporter: perhaps most damaging as rebecca jennings who covers internet culture for vox says is the exodus of young people from facebook and instagram moving to rival tiktok which is growing at hyper speed. facebook's response, the so-called metaverse, is not quite ready and not quite cool. >> i don't think people are waiting with bated breath to get on the headset and join metaverse. that sort of vision of what metaverse is came from people like mark zuckerberg who is not a cool person. >> facebook and spotify coming u

this is doable, but obviously requires investments by facebook. these are choppy, sees that method is sailing on last week. the company last active dale uses for the 1st time in its history, not sent the stock price tumbling by nearly a quarter, despite the threats of a european pull out. the financial implications of doing so are highly unlikely to be popular with shareholders. feature all of our r, t, berlin, privacy activists and technology expert bill muse says there are a number of scandal surrounding facebook and it's inability to provide data security max. so could quite easily set up a, an infrastructure in parallel in europe and, and process the data there. there are a number of different options it could take the most obvious, all plan of all is for it to actually comply with the law. there been any number all scandals involving facebook and it's. 7 inability to actually implement our privacy and security effectively. it doesn't seem to learn extra territorial laws that exist in the u. s. need to be revised in order to introduce a certai

you liked facebook and google for the valuations do you love facebook now >> well, if you remember, we tweeted yesterday that we sold our facebook in the after market we saw that comment on competition. you know, that made no sense to us in the sense that tiktok has been around since 2017 inits current form to have them say that when they have not talked about it in the last several years did not make sense. to some degree, facebook was a pandemic beneficiary you did not have much to do other than stay on social media. we violated a rule which was stay away from things that might have benefitted. facebook had other positives, but it was outweighed by what else was going on. the reports last night, bring that tiktok competition statement into question because obviously snap, which is more exposed, had good numbers relative they beat the revenues numbers went up. it did not affect them pinterest in the same league >> it is laying bear the business models and targeting and traffic and advertising. from that sense, dan, you were bullish on alphabet which had a bl blockbuster quarter. did i

because investors are looking at facebook and say no, no, a facebook fall in everyone's falling. not necessarily, but what i think is we're seeing it right now. a is a, as a level of concern among investors who are essentially looking at anything that happens in this space. and they're, they're jumpy right now, and nobody wants to be left holding the bag. and so in facebook's case, not only did a it also spur some fear for other companies, but investors i think are basically saying let's shoot 1st ask questions later. meaning, so 1st ask questions later, will sell, will get out and then we'll find out what was the cause. and unfortunately the answer for facebook as to what was the cause is in very good. and definitely, and i know it's interesting because when we talk about facebook, we talk about how it's almost obsolete in the minds of a number of people in the public. but at the same time, we know that all social media are not the same. so wire investors so quick to sell one way a company misses their earnings. mike, we've got about 30 seconds lot. yeah, i really think it just

facebook lost daily active users on a worldwide basis. the monthly user base gain is not that great. challenges with flatness and asia-pacific. that is historically where it is seeing some of its largest gains. these are things that we were not surprised by at insider intelligence. the fact that, here they are is what is causing all of this chaos right now. not to mention, the questions about the metaverse, which looks good for 2021, according to our estimates. the guidance for q1, lower than expected. that is a lot to unpack. some unsettling things are going on right now for meta-. emily: seeing in the numbers is different. why do you think this is happening? teens and young adults thinking facebook is not cool anymore? >> a lot of things. there is going to be a natural ceiling for a platform like facebook to be relevant. not only in the united states where you are right, teens and young adults are not using the platform very often. outside of the u.s., they are a huge worldwide platform as well. asia-pacific, a source of growth on an an

i don't want to be, like, a long-term investor in facebook for a lot of things that have been said a million times by people in a more eloquent way than i would but just listening to the last conference call, i think mark mahaney wanted to know about, like, what steps they're taking for an esg i spit coffee on the -- i was on the lirr listening to that the next morning, and i couldn't believe how hilarious -- this is a company that basically is like destabilizing governments on five continents and we want to know if they're esg. listen, this company will never, like, from a moral perspective, i think, ever truly be looked at the way other large cap technology companies have been in the past. it's just a trickier landscape their whole business is getting people's attention and keeping it and nothing gets people's attention easier than controversial content or getting people on the other side of an argument than like their dentist and just keeping that cycle of anger and rage going i don't think that they want that to be the truth i'm just telling you, that is how social media works so

also coming up, have people had enough of facebook? the sites reported a drop and data uses for the 1st time ever. has parent company met c. c's? share? think a staggering 20 percent pos, a taste of life beyond the pandemic, the u. k and denmark lifting corona virus restrictions, in spite of my case numbers and with just a day to go before the winter olympics in beijing, we'll hear from our correspondent in the chinese capital about the start of the competition. and the bizarre life inside the beijing bubble. ah, i'm rebecca richards, welcome to the program. the us is deploying some 3000 troops to reassure its allies in eastern europe as tension to mount over ukraine. the soldiers will not be sent to ukraine itself, back to germany, poland and romania, an attempt to deter russia from launching an invasion. meanwhile, nato says russia has deployed more troops and equipment to bela roost than at any time in the last 30 years. and germany, chancellor olla shalt says his planning to hold talks with vladimir putin after criticism for not ta

or is it facebook specific >> i don't think it's facebook specific it makes sense on a couple different levels not to say it's a perfectly appropriate calibrated response. it makes sense for anything digital ad supported, because i do think a lot of the issues facebook is dealing with is going toee mean that others dependent on the ad eco system may face similar pressures because facebook of course is a leader in that area. if you're snap, if you're twitter, if you're pinterest, you might actually have already been having the struggles, and amazon's ad business as well more broadly, i think we keep getting these waves or oh, i guess there was more front loading of activity in the pandemic i guess the digital businesses, we did give them too much credit it's wave after wave of recognition of that. doesn't mean it keeps going down, but that's why investors are hesitant to say it's all priced in. i showed a chart yesterday showing how facebook's valuation looked modest compared to alphabet that didn't help you today >> mike, thanks so much. extraordinary day, down 3.6% on the nasdaq 100 of

this is doable, but obviously requires investments by facebook. things are chopping, sees that meta is sailing on last week. the company last act of daily uses for the 1st time in its history, not sent the stock price tumbling by nearly a quarter, despite the threats of a european pull out the financial implications of doing so. a highly unlikely to be popular with shareholders. feature all of our r t, berlin, and just seeing with this story, privacy activists and technology expert building. you said there's more than one scandal surrounding facebook on it in ability to provide data security. met. so could quite easily set up a, an infrastructure in parallel in europe and process the data there, there are a number of different options. it could take the most obvious, all sure of all is for it to actually comply with the law. there been any number all scandals involving facebook and it's an inability to actually implement our privacy and security effectively. a doesn't seem to learn extra territorial laws that exist in the u. s. need to be revised

effects psychologically on young girls and younger users of a facebook which facebook had and even commissioned. so, you know, i think in aggregate these little things have now come together. and we're now seeing a company that hopefully is internet being a little more interest spectrum in asking itself, how did we get here? and how are we going to get fixed? is there a answer to turning it around in the near to mid term? briefly, if you can very briefly, there's no one magic bullet. it's going to be a combination of things. but the starting point is the culture elson, stewart allen, international marketing partners. thank you very much. thank you. borrowing rates in the euro zone will remain unchanged. falling a meeting of the governing council today. remarks by president christine the guards adjusted however, the door was open to tightening measures. later this year. on the guard warned, inflation was likely to persist and declined to rule out a rate hike for 2023. rising energy costs have driven up prices across the u. growth rates remain slow, however, worrying some economists that hiking r

facebook denies this. i am elizabeth macdonald, the evening at it starts right now. ♪ ♪ >> we began on wall street's over ukraine inflation and fed rake heights could trigger a recession as it is foreclosed on. this after two weeks again the largest to date losses in more than a year for the s&p 500 and the nasdaq for its oil hitting a seven-year high. this afternoon is roughly white house warned russia to launch a rapid assault and cap in the next 48 hours led by possible air and missile strike. will speak with prudence mark edward lawrence at the white house with more. >> will list, less like the president holding an emergency meeting in the situation room. today having a virtual meeting with world leaders in europe and north america about the troop movements with a rush of troops near the ukrainian border then late today national security adviser jake sullivan offered this morning. >> there is a very distinct possibility russia will choose to act militarily. there is reason to believe that could hap

met and facebook, facebook had problems in certain regions and shrunk rather than had flat growth. let's bring out this quote from the cofounder and ceo of snap. he said they grew sequentially in all regions, but in north america and europe they think they can squeeze out more dollars. in the rest of the world, emerging markets elsewhere, that is where they see growth. we are hung up on this massive after hours move. let's bring everyone down to earth. snap has had a rough start to 2022. when i say rough, look at this chart. this chart takes into account the massive drop that meta had on thursday. snap really underperforming. let's see where we go on friday. let's see how the market processes this overnight and whether we have a snapback reality friday on tech stocks. emily: still just after hours moves. we will talk about this and more with our next guest, 776, alexis ohanian's venture firm, just raised $500 million for its fund. the firm now has $750 million worth of assets. alexis ohanian joins me now to talk about that and more. you could not get that extra $26 million to make

it's facebook's own fault. it's so poorly managed social impact on governance investors are questioning social license to operate in the technology like the metaverse, seen whistleblower testimony, anti-trust litigation, seen congressional hearings and the problem with that and this is the big one is that it's going to be harder for meta to buy growth like it did with instagram, like it did with whatsapp, because of anti-trust scrutiny. wants to buy roblox, it's not going to do that they have to spend a ton of money to develop the metaverse internally and that was $10 billion last year. and more to come >> yes granted the metaverse is a longer way out than a lot of people might hope, but doesn't meta still have billions, 3 billion plus highly engaged users by industry standards and therefore it's able to learn there's a floor on how much these iffa issues are going to hurt them. they gave a $10 billion head winds, maybe that's aggressive at a certain point might they not tweak their software and come back and s

chris, it's it's, it's different to facebook a, the isn't facebook. so in all the areas where facebook struggling, snappy, seeing it's uses grow, it's also not getting the tick tock effect that facebook's getting, particularly in in india with tick tock, you know, is banned. snap is growing really fast, so that's an example of how you can't group even social media together. so you certainly can't group old big tech boots robots from 2 to even us. thank you so much for being here. now to some of the other global business stories making news bass and p 500 experienced it's worst day since february 2021 on thursday with the 2 for point 4 percent fall largely driven by plunging tech stocks. the sell off led by metas record collapse, was also evident on the tech heavy nasdaq, which last 3.7 percent. the u. s. automaker ford reported nearly $18000000000.00 and net profit for 2021. despite ship shortages and manufacturing slowdowns income was boosted by it steak and electric trucks. started river in the earnings fell short of market expectations, however, an

we're big on facebook. on all of the core platforms, including on twitch, with our initiative on gaming, our consumers love gaming. so we're also on that. so we have a very broad lens, and the lens is really guided by our consumers, where are they spending time, and our ability to engage them in unique ways. >> a few years ago, ulta commented there seemed to be nothing new and different. maybe you had a chance to be on the estee lauder call today. but something has changed again. it looks like that there are new and different. what happened? are we in a cycle of new and different that people are all fired up people have been at home for a long time. is there something that's changed versus four years ago where peer were concerned there was nothing new under the sun in makeup >> well, i think a couple things have changed one is as we come out of the pandemic, i'm quite bullish on our category i think consumers are ready to express themselves then i think companies like us, estee lauder, are really creating n

social media giant meta has warned it could shut down facebook and instagram and europe. if it is forced to overhaul and data privacy practices. the company said monday it has no desire or plans to pull services from europe. after warning, it would be quote, unable to offer facebook and instagram and the block without a new deal, allowing it to transfer user data to the u. s. the dispute is part of the use broader regulatory cracked out on big tech. google is also under the microscope and on monday was sued by swedish price comparison site price runner, the $2100000000.00 euro suit a legend. google promote its own shopping comparisons and search results. now for more on this, let's bring indians quarter our correspondent in new york. so yes, that is a pretty dramatic threat there from meta. is it actually realistic that facebook could instagram could be shut down in europe just it's not the 1st time that facebook actually puts in the air, so to speak, or talks about that pulling the plug in europe. so far we have seen a no action. if i look what's happening here on wall s

brussels cracked down on tech has facebook honor meta threatening to shot in the you? ball google battles and in a new lawsuit in the block. also coming up the e. u is scrambling to secure its energy supply. f tension, thrive the piece of bike, or russia, or american gas come to the rescue. and will take you to costa rica where an inclusive weekend election is adding to political gloom and what's long ranked as latin america's happiest country. i'm chelsea delaney and berlin. welcome to the show. social media giant meta has warned it could shut down facebook and instagram and europe. if it is forced to overhaul and data privacy practices. the company said monday it has no desire or plans to pull services from europe. after warning, it would be quote, unable to offer a facebook and instagram in the block without a new deal, allowing it to transfer user data to the u. s. the dispute is part of the use bro, a regulatory cracked out on big tac. google, if also under the microscope and on monday was sued by swedish price comparison site price runner, the $2100000000.00 euro

clearly, the market got facebook wrong today. again, it comes down to that communication and making sure expectations are set appropriately. one of them tried to do a good job in the other one had a whole metaverse spin that through everyone off. caroline: to that point, was it a lack of communication on their part? they didn't do a good enough job at signaling their downdrafts that they were experiencing? in europe, for example or germany, you have to pre-announce if you know that your stock is going to move in a significant fashion or if you have numbers that you think will ultimately affect your overall market capitalization? should there be more binding or do analysts need to ask harder questions to take away the starry nest they have about a few key stocks? michael: from a management perspective, you are always better off communicating with the investors in the market and getting bad news out of their earlier to tackle it and deal with it appropriately. the whole pivot to the metaverse , we went from facebook meta during the

this is doable, but obviously requires investments by facebook. these are choppy, see the method is sailing on last week. the company last act of daily uses for the 1st time in a history not send the stock price tumbling by nearly a quarter, despite the threats of a european pull out the financial implications of doing so highly unlikely to be popular with shareholders. control of a r c for lead activists and technology that bill util. this, there are a number of scandals surrounding facebook and it's an ability to provide data security met. so could quite easily set up a, an infrastructure in parallel in europe and, and process the data there. there are a number of different options it could take the most obvious, all plan of all is for it to actually comply with the law. there been any number of scandals involving facebook and it's an. 7 inability to actually implement our privacy and security effectively. it doesn't seem to learn extra territorial laws that exist in the u. s. need to be revised in order to introduce a certain key elements we. w

those funds are all rerating facebook. they have to get together with their risk manager, the portfolio manager, and the strategists, and they have to take facebook down to some other allocation because they're not going to keep it at 5 or 10% that's what you're seeing today. i'm not saying it's not fairly valued here. 61.8% retracement of the march 2020 through september 2021 is move is right around here, only a few dollars lower, so this might be the right level, but i would suggest waiting until next week if you're interested. liz: okay. but you're not waiting until after the bell to buy amazon, sarge. why are you picking it up? i know it's at a 7, nearly 8% discount at the moment, but it's also had a real struggle month if to date, year to date. >> yeah, they're kind of missing jeff bezos, i think. they're in spending mold, we understand that. i assume there's going to be some margin pressure if due to rising freight and labor costs. they're probably not going to split the cost which i'm hoping for, but i'm not countin

either facebook owner met her made history when it last more than $230000000000.00. and market value, it share price, plunging 26 percent off to saying it expects ad revenue and user numbers to fall. it was a similar story with netflix, which had been a pandemic winner, but disappointing subscriber growth pushed it share price down over 20 percent news extreme spotify also fell in value. overall ad revenue was strong, that boosted alphabet this week. apple also boxed the trend saying it was able to shake off worries about supply chain issues. setting plenty of i phones to top it off amazon's figures. as you mentioned, steve, we're riding high banks to its cloud computing. so it's not time to right off big tech just yet, but of course the stragglers willing to take a closer look at their business models. the what impresses me about what's been happening is these massive swing. so there are 26 percent down 26 percent. i should say, we saw amazon down big yesterday up to day. why is there so much back and forth year while it's all due to liquidity in the market? basical

reportero: quÉ prefieres, facebook o tiktok? >> prefiero tiktok. reportero: facebook ha dejado de crecer por primera vez en su historia. >> por primera vez reportaron que perdieron casi 1 millÓn de usuarios activos en estados unidos. tambiÉn reportaron que el cambio en polÍticas de seguridad de apple les ha representado pÉrdidas de 10.000 millones. reportero: facebook perdiÓ hoy valor en bolsa, pero aÚn sigue siendo un gigante en redes sociales. ademÁs, sus plataformas de instagram y whatsapp siguen creciendo. reportero: la compaÑÍa facebook se llama ahora meta y estÁ apostando por un nuevo desarrollo. >> el cambio que estÁ tratando de hacer facebook es forzoso porque saben que su negocio tradicional es obsoleto. ilia: argentina deberÍa depender menos de estados unidos, le dijo alberto fernÁndez, presidente argentino, a vladimir putin, presidente de moscÚ. fernÁndez dijo que sus relaciones con rusia son muy importantes. jorge: se reunieron en pekÍn. ilia: el presidente de francia dijo que no descartaba nada mientras continuaban las

this is doable, but obviously requires investments by facebook. these are choppy, sees that meta is sailing on last week. the company last active daily uses for the 1st time in its history, not sent the stock price tumbling by nearly a quarter, despite the threats of a european pull out the financial implications of doing so. a highly unlikely to be popular with shareholders. feature all of our, our c, berlin, o privacy activists and technology expert bill muse says there are a number of scandals surrounding facebook and it's a bit inability to provide data security met. so could quite easily set up a, an infrastructure in parallel in europe and process the data there are, there are number of different options it could take the most obvious, all plan of all is for it to actually comply with the law. there been any number of scandals involving facebook and it's an. 7 inability to actually implement a privacy and security effectively, it doesn't seem to learn extra territorial laws that exist in the u. s. need to be revised in order to introduce a c

. >> there's nothing small about facebook. let's be clear, this is not a sort of myspace moment where facebook is falling apart before our eyes and everybody is jumping ship to go to tiktok. tiktok does not do all the things facebook does, let alone whatsapp and instagram. facebook is still a daily check-in for close to 2 billion people around the world. it's a staggering number. i do not think we will be rid of facebook from our lives or our society any time soon. but, yes, absolutely in terms of the future, it's a very worrying sign for the company. and it shows that it's hard to stay on top forever in social media. >> all right. will, it is an interesting moment in history. we'll see how facebook handles and this and whether they turn it around. thanks for being with us this morning. >> thanks. >>> welcome to our viewers in the united states and all around the world. it is friday, february 4th. i'm john berman with brianna keilar. and breaking overnight, a picture which encapsulates, it's right there, that little picture in

but facebook actually switched off all news on its platform to protest the law. only reversing course after a few days under immense outside pressure. and what does big tech's dominance over the news mean for americans? as i've already noted less revenue for local news, fewer journalists to do in-depth high quality reporting, more exposure to misinformation, and fewer reliable sources. well, the rise of these platforms is sometimes met a larger audience for some news outlets. that hasn't translated to increased ad revenue. for years i have heard concerns about things like the platforms did not provide adequate branding for news outlets original content on the platform. that they forage for themselves all of the data on the use that access the news content produced by news providers to their platform. that they publish large snippets of newspapers content to attract users to the platform without any compensation at all to that news outlet. and repeated complaints to google and facebook from newspapers and broadcasters are simply ignored because that's what a monop

christy facebook says it's expecting revenue growth to slow in this quarter. is there a plan to offset this prediction? right, well these are the shocking figures that we've seen today are actually not really much of a shocked meta already last year. we saw them talking about declining user growth about problems with his eyes on privacy policy. and this is why we saw a major re brand at the end of last year, and we re branded of meta metaphors. first company we're also saw in their figures reported this time for the 1st time based off their reality labs. and this is the segment responsible for the 1st question is segment on. so this is really where the, where the company sees its future. bloomberg has said that this could be an $800000000.00 market opportunity and met us getting on that as well. d w. christie flatten. thank you and we apologize for the quality of the line there. india is hoping to spend its way to once again becoming the world's 2nd fastest growing economy. the indian finance ministers, latest annual budget, includes a $100000000000.00 in capi

plus, we give you $200 in facebook ads on us! so you can reach more customers, create more opportunities, and make this the best year for your business yet. visit your local t-mobile store today. >>> why does covid-19 and specifically the omicron variant hit the u.s. harder than most. more deadly than the delta variant in the united states. "new york times" analysis finds since december 1, when health officials announce the first omicron case in the united states, americans killed by the coronavirus is at least 60% higher than any of the other large wealthy nations. last week the united states reached 900,000 deaths. most unvaccinated. 64% of americans have received two doses of the vaccine. 42% have received boosters. study from the uk finds booster shots cut the risk of death from omicron by 95%. another study looked at booster rates across the world taking population into account. we're near the bottom of the list. take a look. countries with higher booster rates have less hospitalization and death. many of them are getting ba

also coming up, have people had enough of facebook. the science reported a drop in daily uses for the 1st time ever as parent company meta these chairs sink a staggering 20 percent faster taste of life. beyond the pandemic, b, u. k. and denmark, a lifting corona, virus restriction, in spite of high case numbers. and with just a day to go before the winter olympics in beijing, we'll hear from our correspondent in the chinese capital about the start of the competition and life inside the beijing bubble. ah, i'm rebecca richards, welcome to the program. the u. s. is deploying some 3000 troops to reassure its allies in east in europe has tensions mount over ukraine. the soldiers will not be sent to ukraine itself, back to germany, poland and romania, an attempt to deter russia from launching an invasion. may, while nato says russia has deployed more troops and equipment to belarus than at any time in the last 30 years. and germany is at chancellor. all our shalt says he's planning to hold talks with vladimir putin after criticism for not t

facebook now known as mata reported a loss in users. shares plunged more than 26% or $230 billion in a single day ceo mark zuckerberg's personal wealth took a nearly $30 billion hit. this came after the company recorded a decline in profits during the final months of 2021. big big hit. i mean, what this really represents is, uh, companies are investors losing confidence in facebook. roger chang of cnet said met his days of growth could be in the past. especially in a market saturated with competing apps. there's a lot of fair there's a lot of concern that the competition is wrapping up in particular tiktok tiktok's the short form video app is wildly popular people we talked to in downtown palo alto all use it. yeah makes sense that people want to go into like more trendy things like guess instagram tiktok, but not snapchat. i guess. arcelormittal said he still uses facebook to just got some group chats with my friends and be like we just discussed the classwork. we found others who still have a facebook account. but don't actively use i

and you can find us on facebook till next time, take care. a fairy tale me in china, the winter olympic gains in beijing are set to be a big hit. no matter the cost. here or excitement is the government's main focus and surveillance is keeping tabs inside china beijing controversial with on d. w. a pulse of the beginning of a story that moves us and takes us so long for the ride. it's all about the perspective culture information. this is, do you ever you news or do you w me from mine's oh oh. and one of mankind's oldest ambitions could be within reach or what is it really is possible to reverse aging researchers and scientists all over the world for in a race against time. they are peers and rivals with one daring goal to help smart nature. more life starts february 16th on d, w. b . china is experiencing a snows bomb. the government wants to see park slope play. that's huge. anya or young.

because they're beholden to google and facebook, and from those sites. the bill would do an attack the bargaining asymmetry would be to first allow the newspapers and news publishers and broadcasters to bargain collectively vis-a-vis the dominant platform. so i think to answer your question, yes, they're-- >> all right. i just want to ask one last question and that is you've heard from, i think it was mr. francis and my colleague over here with the use of the word news cartel about what this bill does and of course, there's been representative buck, conservative over in house, senator kennedy, not exactly liberal, both have just been added to the bill and there's a lot of interest to this bill and i think it's important as we're looking at the changes we're making to make clear that there isn't going to be any kind of bias here, but that also, could you address this argument they've made that this creates some kind of news cartel? i'm only knowing the supporters of this bill in terms of the news organizations that run the gamut from liberal to very conse