emily: meantime, another big story on the facebook front, facebook threatening to pull facebook and instagram out of europe based on new pending rules from the e.u. about data transfers from europe to the united states. this statement coming from meta directly. "we have no desire and no plans to withdraw from europe but the reality is that meta and other businesses rely on data transfers between the e.u. and the u.s. in order to operate global services." would facebook actually do this, pull out of europe? >> it seems unlikely to me to obvious reasons. this would be absolutely devastating to the company's reach, devastating to the advertising business, but let's just remember that last year facebook did pull news from australia. a very different step than removing the service entirely, but my point being is that they are not necessarily afraid to make these threats and at least attempt to go through with them. while i don't think it is going to happen, i'm not necessarily surprise that facebook was starting to throw their weight around and say, listen, it is a benefit to e.u. citizens to have

their response was a brief email that didn't once reference facebook. it did, however, contain this phrase. the well being of our employees is our priority. to finish our tour of the internet's trash cleaners the invisible workforce behind your facebook or instagram feed. we had one last meeting. sarah roberts is the leading researcher specializing, and those who work as moderators. she is a key figure in this field. we met her at the university where she teaches in california. she presented us with an analysis of the rise and development of content moderation. over the past year, we are talking about a scope and a scale of magnitude that has not been seen before. billions of things shared per day on facebook. hundreds of hours of video uploaded to youtube per minute per day, and so on. the response has continued to be. we'll put more content moderators on it, which means that that is, continues to exponentially grow. it has gone from a next to nothing kind of line item in the budget to being a massive, massive cost center. meaning it doesn't actually r

go to all a facebook page, thus facebook dot com, forward slash ha insights loading. you can also join the conversation on twitter. 100 is out a j inside sort of from the house, a lot of the entire team here in my for know ah, ah, stories of life and inspiration as series of short documentaries from around the world that celebrate the human spirit against the odds with al jazeera select change makers with ah ah ah, palestine was once a very different place from today that of the honda sign, your husband and the postal cities became connected to the interior in an award winning film alger 0. well, his historians, an eye witness accounts that portray, early 20th century palestine as a thriving fibrous nation. the region was spoken, investments were active in moving from one city to another, palestine 1920 on al jazeera. there is no channel that covers world news like we do, we revisit faces, the state i'll just there are really invest in that. and that's a privilege as a journalist ah. ready i'm kimbrell in doha, the top stories here on al jazeera senior members, all of

i room applying facebook rules without questioning them. is the number one rule, a principal that will be drilled into you all day every day has to b o y l, along with partial sometimes with john. because this is not my training program with the end goal of turning you into a machine. you learn pedro worked for 6 months as a content reviewer for facebook. at accenture, he agreed to respond to our questions, but only if he remained anonymous. 2 years after leaving the company, he still remembers the numbing side of the rule. you have to play by their game or else you will have a job at the end of the month. and that's good, that's 2 points were just fault those robots and just doing as many pictures in the videos as much as possible. just because i was that's the only thing i can do there just there with numbers and clicking enter numbers, enter numbers. and the hardest thing for pedro is trying to forget everything that he saw on that screen over 6 months. blue it up for it's for it's, we're not mentally prepared for, it's all the stuff tha

so 7 euros, $0.63 a day facebook isn't mentioned once in the document. even went directly asked, accenture refused to give the client's name. i was just wondering now that i took the job, i'm going there. i'm glad i was humoring. if i can know the name of the company i'm going to work for now. if we can not reveal the name yes or no from a culture that we can not you're not allowed to say the name. mm. mm. this is where greg guar will be working at the extent your offices in lisbon. before getting started, our journalist was sent to a welcome meeting. the footage is a little shaky, as greg wise filming with the hidden camera. oh gee, with accenture linked with brig? why isn't the only new employee 12 other people are starting the role at the same time? another french person, along with some italians and spaniards, and each our representative is running the welcome meeting. welcome you, all my job is give you advisor to help him all the relationship with them. after the vacation documents and social security paperwork, the small group finally find out whi

go to our facebook page, that's facebook dot com, forward slash ha insights loading. you can also join the conversation on twitter. i j inside sort of from the house on the entire team here in doha bye for know. ah ah, along with take to ships to democracies, activists to corporations, control of the message is crucial. oil companies have become very good at recognizing ways to phrase what they want you to hear. we care about the environment you do to you should buy our oil cleared for public opinion or profit. once you make people afraid, you can use that to justify stripping away basic civil liberties. listening post examines the vested interest behind the content you consume on al jazeera, the truck or region of paraguay. one of south america's tough with we follow to men who seemed to thrive on it's challenging. a veteran truck driver who answers every call, whatever the web to provide for his growing family. and the cowboy who enjoys his rock lonely life risk and at old paragraph on the al jazeera roster clearings and now taking over what used to be pristine fore

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 are 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 hit 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 great brand. but then again, for mark zuckerberg, we only had a basic idea of what social networking would look like and how it would be profitable. at the time that he invented facebook. that being said, this feels to me like a mid life crisis for a company that is old. it's out of touch with the younger user base and has done everything. it can to protect its golden goose, which is a

go to all the facebook page, that's facebook dot com, forward slash ha insights loading. you can also join the conversation on twitter, 100 a j inside saudi from the house, and the entire team here in doha bye for know, ah dictatorships to democracies, activists, corporations control of the message is crucial. oil companies have become very good at recognizing ways to phrase what they want you to hear. we care about the environment you do to you should buy our oil, pre it for public opinion or profit. once you make people afraid, you can use that to justify stripping away basic civil liberties. listening post examines the vested interest behind the content you consume on al jazeera, from international politics, to the global pandemic. and everything in between. it did not restart to poor people and for our planet promised to ensure the safety of woman what's happened, the just the 15th. i pulled back that people actually have more feel. why is the u . k, so hostile to fans? the mysteries all of us join me if i take on the live with man or the misconceptions and meet the c

facebook making up about 5% of that index, facebook down around 20% this morning. euro dollar is negative. bank of england decision coming up and 42 minutes time. after that, we will hear from the ecb. tom: we will dive into that. jack fitzpatrick is with us from washington. the president will be in new york city. what is the goal of the handlers on the resident on a presidential visit to manhattan today? >> the political goal clearly is make clear the president and other democrats such as the mayor of new york, eric adams, supports funding for the police. they are going far away from anything you heard about defunding. the president is expected to talk about funds that went to state and local government and how that affects police on the street. the president sometimes speaks extemporaneously. the focus is the opposite of a defund the police message from the president. tom: what is the response of liberals to that and the fury of 18 months ago? >> they haven't had that much of a loud response on that. if you look at the legislation they work on in congress, it's a

never said shut facebook down. never said it needs to go away. >> no. >> trevor: what you are arguing for is we change our relationship with not just facebook but social media companies as a whole. explain what that means. >> often people talk of this idea we need to change our relationship with social mediament it is more about should we use our poans so much. i am encouraged to have a conversation about what is our relationship with companies. what do companies relationship with us. facebook knows that they have a level of unaccountability, very different than google or apple or other big platforms because in the case of google, we can scrape, download their results and analyze them and see if there are biases, and with apple, we can take apart the phones and put up youtube videos saying apple phones do or don't work the way they claim. in the case of facebook, researchers and activists have been telling it facebook hey, we have found all these examples. we think there is a pattern. which think there is too much

but according to facebook's rules, he was wrong to do so. in the feedback session, the trainer offers this explanation. if we can help with anything with a contact with no, that's exactly why i'm having so much trouble on the phone. thanks. and you have an autistic picture of a photograph of a woman and you show. ready a tiny nickel and so on one hand this it is because we have a 100 percent uncovered. nagle, on the other hand, you have this almost hitting a picture but and you don't get it because it doesn't feed them. that's exactly why i yes, but you have a problem because you're going from what do you think in your decision and we're in school, you have to learn the rules. applying facebook's rules without questioning them is the number one rule, a principle that will be drilled into you all day every day. there has to be an issue with, along with a partial. sometimes when you john, because not my training program with the end goal of turning you into a machine that her pedro worked for 6 months as a content reviewer for facebook. at acc

has it just mentioned facebook at facebook problems don't. and then on wednesday, when the news of the loss, if the daily walk in broke, it was also the day when australia, mining billionaire, were andrew for the now you taking facebook to court. now this comes, as he says, that facebook fail to crack down quicken off on scam adverse, use his image to try and before the fraud, rather australians into taking part right in bogus creek. so currency facebook taking on that daily logins sees the latest hits, of course, in a long line of scandals and controversy to keep updated on the story. you can of course, it's a r t dot com, incidently on facebook and across all the social media networks. and of course, and if you dot com that will be keeping you updated as when we get information. sounds good, danny armstrong, thanks very much. well, we can learn a little bit more here on our t international. we bring in justin, robert young with a host of politics, politics, politics, podcast, joining us from houston, texas worth about 20 past 10 in the morn

facebook is shifting the blue facebook from being a developing world product -- a developed world product to being a developing world product. they are going up in places like brazil, india, south africa, the philippines, indonesia. that means lower revenue per user and other things. >> they are selling it at below cost. that explains the losses building up. you could have said the same about amazon. investing in the short-term to get market share in the long term and eventually that pays off. do you see that similar situation here? >> i think it is too early to say whether or not that is the case. i think it is possible they are making a brilliant move. it is way too early to answer that question and say definitively that is what is happening. then annette -- the metaverse is an undefined concept. i can tell you that nobody under 35 is going to participate. if facebook spending $10 billion a year to figure that out, that could be a very good idea. that is the kind of investment that will be required. i think it is premature to make any analogy with amazon. but let's remember when amazon

go to all a facebook page, thus facebook dot com forward slash ha, inside florida. you can also join the conversation on twitter. i 100 is out a j inside sort of from the house. a lot of the entire team here in my for now. ah oh, she bub system the streets of chicago on different paths with the same ambition. oh, fighting their way to a better life for themselves and their families. 6 6 returning through in the volatile world of chicago, south side is no easy task. witness. ring site on al jazeera. examining the impact of today's headlines. there are threats to peace and security that don't appear on the tv screens. setting the agenda for tomorrow's discussions. thousands of palestinians been displaced and having met homes destroyed on that land. unaccustomed international filmmakers, m won't class journalists bring programs to inform and inspire you. climate has to become part of the way we tell stories on al jazeera until alger c. o, wild alarmist, we listen, design is, are making serious efforts in over 18 t. i'm to stop the 10 of those. we beat with global use m

this is why companies like facebook use sub contractors. but according to this researcher, this isn't the only reason that it's about labor costs, but it's also about creating layers of, of lessening responsibility between those who solicit this kind of work and, and need it. and those who do it and where they do it. they removed themselves, they put themselves at a distance from the workers and their conditions, and it's not just a geographic distance, but sort of a moral distance. so when that content moderator some years later alleges harm or you know, having trouble psychologically or emotionally because of the work that they did, then it may be possible for that company to disclaim responsibility for that even though ultimately they really are responsible because they asked them to do that work in the 1st place. despite these precautions, 3 former moderators via lawsuits against facebook in the us. a few months ago. all 3 were working under sub contractors, all claim to be victim supposed traumatic stress disorder. the american company

i cannot fill that out for facebook. okay. it's not allowed. it's completely like confidential that working, that he's working here at the okay. code names, confidentiality clauses, and a complete ban on cell phones. facebook gives you the life of a secret agent for 800 years a month. and if you're the chatty type, the following argument should shut you up pretty quickly. there's like an agreement and you cannot, right? that is, we must, because by law we can do like we can, funded by law with, you know, the thought of inch in cleaning up social media is a bit like doing your family's dirty laundry and has to be done. but nobody talks about, oh, why? so careful, what does the job involve? ah, we continue discreetly with greg why? with before becoming a moderator, greg, why has to follow a 3 week training program? moderating facebook's content doesn't only involve deleting violent videos or racist jokes. it's a lot more complicated. at the moment, the algorithms can't handle everything. every decision must be justified using very strict rules. t

i cannot fill that over for facebook. okay. it's not allowed. it's completely like confidential that working, that he's working here at the okay. code names, confidentiality clauses, and a complete ban on cell phones. facebook gives you the life of a secret agent for $800.00 euros a month. and if you're the chatty type, the following argument should shut you up pretty quickly. there's like an agreement and you cannot write that agreement because by law we can do like we can punish by law with you know, the thought of inch in cleaning up social media is a bit like doing your family's dirty laundry. it has to be done, but nobody talks about oh, why so careful? what does the job involve? ah, we continue discreetly with greg why? with before becoming a moderator, greg, why has to follow a 3 week training program? moderating facebook's content doesn't only involve deleting violent videos or racist jokes. it's a lot more complicated. at the moment. the algorithms can't handle everything. every decision must be justified using very strict rules. this i

according to their site, facebook has 15000 workers doing this job across the world. in ireland, portugal, the philippines and the us we contacted facebook, but the company refused our request for an interview. ah. so in order to meet these moderators and understand their rule, we identified facebook's main subcontractors. multi nationals such as majority, cognizant or accenture. ah, we found this job offer for a content reviewer for the french market in portugal. greg, why is one of the journalists in our team? he responded to the ad and was offered the job. before taking off, he received his contract, which included his monthly salary, $800.00 near us, a little over the minimum wage. in portugal with a food allowance of 7 euro's $0.63 a day. facebook isn't mentioned once in the document. even went directly ash, accenture refused to give the client's name. i was just wondering now that i took the job, i'm going there and i'm glad i was a simmering. if i can know the name of the company i'm going to work for. now if we can not reveal the name yes or no from a culture

tell back mention till is freedom convoy facebook minister, welcome to you and i believe your facebook page has been taken done. you can maybe fill us in on the details of touch on tell. i'm just a larger picture here. it seems like the tech giant has used it's, i suppose, at the editorial muscle to try and disrupt the movement. how much of a challenge as not being well the censorship out here is absolutely unbelievable that the mainstream media out here does not tell the real story of what is going on . and they are not. all of canadians who want to have a say are, know they have to be super peaceful. they're all very, very peaceful. there's no violence. we are unified. when it came down to the facebook page, there was probably, i'm one of the 10 admins for the page. we all said moderators, but for the admins, i got my facebook page, not only it's not on, i'm not in jail, a facebook job, i'm permanently deleted. i cannot access facebook on my phone. i tried to create a new account. i did. it's like they're tracking my phone and we never incited anything but peace and unity. and we jus

now they see what happened. facebook. they're all floating out, but i'm just wondering though have social platforms just hit a wall in terms of facebook. i mean, so many people around the world use facebook at a certain point. there's nobody left to you base with you to reach a level of saturation. not necessarily they haven't had a wall, maybe with this growth model they have. there has been this expectation for a while that the in unending growth was going to stop right. that they're going to reach as many people as they could, and that they weren't able to monetize properly, who they had to meet market expectations. and that's what we're seeing. perhaps now they have to find ways to monetize what people are going to if they're going to instagram reels and you can't get as much money out of that as you can, the new speed. then you're going to have to figure out how to either get them to the news feed or how to make more money off the reels that their challenge right now is to figure out where are the users and how do we

and it went from google to facebook from facebook, it became the default option in the tech sector. it reset the bar for investors because with a surveillance dividend, you produce more revenue more quickly than you know, doing capitalism the old fashioned way, which is actually creating products and service that meet people's real needs. marita shocker from the netherlands is a former member of the european parliament. she's now international policy director of stanford university cyber policy center. my sense is that one of the biggest problems that silicon valley leaders have is that they believe that because their intentions are good, that the outcomes will be good. and that is really hard for them to imagine that despite their good efforts, some things have gone completely down the drain shocker and zoom off are part of a panel of experts that want to keep an eye on facebook. meanwhile, activists so placed bodybags outside facebook's washington office. they see the companies role in election interference and misinformation as deadly, especially during the pandemic. even if you

and it went from google to facebook from facebook, it became the default option in the tech sector. it reset the bar for investors because with a surveillance dividend, you produce more revenue more quickly than you know, doing capitalism the old fashioned way, which is actually creating products and service that meet people's real needs. marita shocker from the netherlands is a former member of the european parliament. she's now international policy director of stanford university cyber policy center. my sense is that one of the biggest problems that silicon valley leaders have is that they believe that because their intentions are good, that the outcomes will be good. and that is really hard for them to imagine that despite their good efforts, some things have gone completely down the drain shocker and zoom off are part of a panel of experts that want to keep an eye on facebook. meanwhile, activists so placed body bags outside facebook's washington office. they see the company's role in election interference and misinformation, as deadly. especially during the pandemic. even if yo

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

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 are 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 i balls on your side. but i do think that it is hit 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 great brand. but then again, for mark zuckerberg, we only had a basic idea of what social networking would look like and how it would be profitable. at the time that he invented facebook. that being said, this feels to me like a mid life crisis for a company that is old. it's out of touch with the younger user base and has done everything. it can to protect its golden goos

the facebook effect. not just facebook, but the fallout of the social media stocks because of the report last night feeling the impact treasury yield is 1.769% right now. stable here, mike, at this point. >> the bond market has to stay out of the way we had this nice bounce in the equity index for the s&p it is up 8% from last monday's low. it regained more than half of the january direction. the strength and speed of the bounce is positive nasdaq composite up 10%. now giving back 2% of that it is interesting that the facebook is a huge miss and massive down scale of guidance comes when the market was at that point of saying we got to the reflex bounce higher obviously, andrew, we have days to find microsoft with great guidance apple did well paypal and alphabet was actually improved sentiment toward facebook going into last night's numbers. >> right we'll have amazon. we will see what that is you look at spotify which is also getting hammered. >> paypal. >> what i can't figure out is for the past four we

the socl facebook, snap, spotify all 22% that etf the facebook effect will take a lot of companies down with it. outside of that stock, a focus on energy. crude oil is lower right now it is still above $87 a barrel this after opec is keeping its head down after the meeting yesterday. not increasing production despite higher prices. crude is inching toward $90 a barrel as global demand begins to boom. we'll get more on oil. to find out what is happening on stocks around the world is julianna tatelbaum in the london newsroom the action and some of the early moves. good morning, julianna >> reporter: brian, good morning. a lot of focus of the meta earnings shock in europe in terms of sentiment, things are sour in the last half hour we were seeing green on the board earlier on ftse 100 was out performing, but in the last 20 minutes, we crossed into negative territory. that index down 18 points. w we have red across the board investors in retreat one stock in focus is shell. the company posted a surge in fourth quarter profit at $6.4 billion on the back of rising oil and gas. they plan to hi

according to their site, facebook has 15000 workers doing this job across the world. in ireland, portugal, the philippines and the us we contacted facebook, but the company refused our request for an interview. ah. so in order to meet these moderators and understand their rule, we identified facebook's main subcontractors. multi nationals such as majority, cognizant or accenture. ah, we found this job offer for a content reviewer for the french market in portugal. greg, why is one of the journalists in our team? he responded to the ad and was offered the job. before taking off, he received his contract, which included his monthly salary, $800.00 euros a little over the minimum wage. in portugal with a food allowance of 7 euro's $0.63 a day, facebook isn't mentioned once in the document even went directly asked. accenture refused to give the client's name. i was just wondering now that i took the job, i'm going there. i'm glad i was just gimme a ring. if i can know the name of the company i'm going to work for. now if we can not reveal the name yes or no from a culture

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

and it went from google to facebook from facebook, it became the default option in the tech sector. it reset the bar for investors because with a surveillance dividend, you produce more revenue more quickly than you know, doing capitalism the old fashioned way, which is actually creating products and service that meet people's real needs. marita shocker from the netherlands is a former member of the european parliament. she's now international policy director of stanford university cyber policy center. my sense is that one of the biggest problems that silicon valley leaders have is that they believe that because their intentions are good, that the outcomes will be good. and that is really hard for them to imagine that despite their good efforts, some things have gone completely down the drain shocker and zoom off are part of a panel of experts that want to keep an eye on facebook. meanwhile, activists so placed connie bags outside facebook's washington office. they see the company's role in electron interference and misinformation as deadly. especially during the pandemic. even if y

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

shannon, you own facebook and you're overweight the stock. what now >> less overweight now, frankly, to be honest >> no. i think that there is a transition here that's happening and it's been a really chal ernging week and i hope we get to talk about other stocks and from a facebook perspective, steve makes a good point, and i know i never say that, but he really did you don't want to own the stock. when something like this happens our expectation is that we can see another 10% or 15% down from here just from a sentiment and overhang perspective, and if you look at this from a fundamental perspective and the stocks are selling right now somewhere around 15 or 16 times and that's pretty cheap for facebook and we saw a similar disconnect or dislocation in the stock price when they went to mobile in 2012 as well as to stories in 2018. so this isn't something that we don't have precedence for, but again, both of those periods you also saw the sentiment overhang bring it down. the snap story is relevant here because you make a great point and they

certainly not facebook-sized money and making money with nfts, but facebook clearly is just trying to spend their way into this, much the way microsoft does when they're late to a game. everybody loves using this catch phrase and they have that going for them, dom, but this is a company that people buy because of the revenue and because of the ad spend and ads are still growing. yeah, but they're probably growing high single digits, and not double digits anymore and quite obviously by this quarter's results, google has cut into what facebook expected to put on to their bottom line so the toxic side of facebook has caught up to it because of that whistle-blower testimony and because of the loss of the coin and so forth and the fact thatthey haven't figured out how to make money in the metaverse yet, dom as you heard seve me accurately call that's years into the future >> john -- >> i will point out -- >> yes go ahead >> i'll point out one last thing, dom the volatility, stephanie said she's waiting for it to die down it is, believe it or not, dying down already this morning out of the

and he thinks the methods used by facebook to get people who no longer work in 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 are 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 hit 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 great brand, but then again, for mark zuckerberg, we only had a basic idea of what social networking would look like and how it would be profitable. at the time that he invented facebook. that being said, this feels to me like a mid life crisis for a company that is old. it's out of touch with the younger user base and has done everything. it can to protect its golden goos

half people had enough of facebook. these sites reported a drop in daily use us for the 1st time ever, blaming tough pressure from rivals. and just the day to go before the winter olympics begin in bay. jing but worries over china's poor human rights record should could push sports to the side like a bowling from scientists. greenland is warming faster than anywhere else on the planet and faster than ever before. experts say time is running out. ah, i'm gabelle as well come to the program. germany's chancellor will have shawls has said he plans to meet with russian president vladimir putin to discuss tensions over ukraine. charles has been facing pressure to take a toughest on russia, with critics accusing germany of being out of step with its allies in tackling the crisis. is now trying to reassure people that germany is indeed pulling its weight the tradition of ultimate, 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

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

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.

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

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 in trip being a little more introspective 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 now one magic bullet. it's going to be a combination of things. but the starting point is the culture. alison stuart allan international marketing partners. thank you very much. thank you. borrowing rates in the euro zone will remain unchanged following 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 before 2023. rising energy costs have driven up prices across the u. growth rates remain slow, however, worrying some economists that hiking

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

facebook, meta and facebook, competition with tiktok a number of times on the earnings call. the fact they specifically pinpointed tiktok and did not pinpoint snap you wonder whether snap is also seeing those competitive pressuring from tiktok as well. >> yeah. matt, you think still not cheap enough >> exactly i mean, the two issues julia mentioned are so important with the apple and with tiktok. tiktok just killing them with younger people especially teenagers which benefited big -- a big market for them. the thing that, much cheaper than it was. now down 50% referred to, down almost 75% just since september you think, gee, stock must be really cheap still trying to again 76 times forward earnings. needs to get to 50 to 60 times earnings range before it becomes something that's attractive. especially with two headwinds in these two areas. >> maulultiple sums it up 72 times don't miss senate ceo exclusive interview tomorrow morning on "techcheck." julia, looking forward to that our julia boorstin. >>> ford off a monster year surged 140% thanks to the turnaround plan by the ce

this is why companies like facebook use sub contractors. but according to this researcher, this isn't the only reason that it's about labor costs, but it's also about creating layers of, of lessening responsibility between those who solicit this kind of work and, and need it. and those who do it and where they do it, they remove themselves, they put themselves at a distance from the workers and their conditions. and it's not just a geographic distance, but sort of a moral distance. so when that content moderator some years later alleges harm or you know, is having trouble psychologically or emotionally because of the work that they did, then it, me a possible for that company to disclaim responsibility for that. even though ultimately they really are responsible because they asked them to do that work in the 1st place. despite these precautions, 3 former moderators via lawsuits against facebook in the us. a few months ago. all 3 were working under sub contractors, all claim to be dictum supposed traumatic stress disorder. the american compa

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 are prioritized controversial post 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 hit 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 great brand. but then again, for mark zuckerberg, we only had a basic idea of what social networking would look like and how it would be profitable. at the time that he invented facebook. that being said, this feels to me like a mid life crisis for a company that is old. it's out of touch with the younger user base and has done everything. it can to protect its golden goose, which is ad

and it went from google to facebook from facebook, it became the default option in the tech sector. it reset the bar for investors because with a surveillance dividend, you produce more revenue more quickly than you know, doing capitalism. the old fashioned way, which is actually creating products and service that meet people's real needs. marita, shocked from the netherlands, is a former member of the european parliament. she's now international policy, director of stanford university cyber policy center. my sense is that one of the biggest problems that silicon valley leaders have is that they believe that because their intentions are good, that the outcomes will be good. and that is really hard for them to imagine that despite their good efforts, some things have gone completely down the drain shocker and zoom off are part of a panel of experts that want to keep an eye on facebook. meanwhile, activists so placed connie bags outside facebook's washington office. they see the companies role in election interference and misinformation as deadly. especially during the pandemic. even

and it went from google to facebook from facebook, it became the default option in the tech sector. it reset the bar for investors because with a surveillance dividend, you produce more revenue more quickly than you know, doing capitalism the old fashioned way, which is actually creating products and service that meet people's real needs. marita shocked from the netherlands, is a former member of the european parliament. she's now international policy director of stanford university cyber policy center. my sense is that one of the biggest problems that silicon valley leaders have is that they believe that because their intentions are good, that the outcomes will be good. and that is really hard for them to imagine that despite their good efforts, some things have gone completely down the drain shocker and zoom off are part of a panel of experts that want to keep an eye on facebook. meanwhile, activists so placed bodybags outside facebook's washington office. they see the companies role in election interference and misinformation as deadly, especially during the pandemic. even if you

and it went from google to facebook from facebook, it became the default option in the tech sector. it reset the bar for investors because with a surveillance dividend, you produce more revenue more quickly than you know, doing capitalism. the old fashioned way, which is actually creating products and service that meet people's real needs. marita shocker from the netherlands is a former member of the european parliament. she's now international policy, director of stanford university cyber policy center. my sense is that one of the biggest problems that silicon valley leaders have is that they believe that because their intentions are good, that the outcomes will be good. and that is really hard for them to imagine that despite their good efforts, some things have gone completely down the drain shocker and zoom off are part of a panel of experts that want to keep an eye on facebook. meanwhile, activists so placed bodybags outside facebook's washington office. they see the company's role in electron interference and misinformation, as deadly, especially during the pandemic. even if y

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 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 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 experience 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 ships shortages and manufacturing slowdowns income was boosted by steak and electric trucks. start a vivian. the earnings fell short of market expectations, however, and 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