we can no longer afford to, to protect you. now, those are really, really tough decisions. and they, those sorts of decisions will, will increasingly be necessary in the future. the homeowners overlooking east beach, a clinging on her. now, there are plans being worked out by the local council for a protective barrier to be placed in the sea. it's a race to hold back the rising tide. jonah haul al jazeera sidmouth. ah, i'm not inside. with the headlines on al jazeera ukrainians have marched in concave, the city, which could be 1st in line for invasion by russian forces. demonstrators condemned what they called russian aggression. the kremlin denies 125000 if its troops are waiting near the border about attack. charles strafford has the latest shoes

significantly. most people are coming out here and protesting in a show of unity against what they are describing as russian aggression. we saw various different members of political policies and activist groups of writing in the rally and the voices, i say, one very much of unity in the face of yes. what they say is, as bullying from flattery, boots in the 1st batch of us soldiers have arrived in poland as part of an additional troop deployment ordered by president joe biden. in total, 2000 american troops will be sent to poland in germany on another $1000.00 already in europe, a being redeployed to remain. yeah. rescue workers in morocco have reached a boy trapped in a deep well, a team dunk out part of a hillside to reach 5 year old ryan who's been stuck down that well since tuesday.

a summers of african union leaders is underway in ethiopia with the series of military coups and the current of ours pandemic at the top of the agenda. the 55 member countries have been warned that several regions are facing serious threats to peace and security. iran says it's got the legal right to continue nuclear research, which can't be restricted by any agreement. that's in response to the u. s. waiving some sanctions on it, runs civilian nuclear program as talks to revive the 2015 agreement for each a critical stage. at least in canada's capital, vowing to crack down on what they call the increasingly dangerous protests on hundreds of truck drivers, roads. and also i have been gridlocked for more than a week. okay, there's a headlines and he's continues here now to sarah inside story. ah,

for the 1st time facebook finds itself struggling for friends, this number of uses has fallen booking in buses and sending the blood school ship wise plunging. so is it a blip or spine of a long term decline? this is the inside story. ah hello and welcome to the program and how sure. magdalena doha. facebook, a social media giant, defined by its obsession with growth, has announced

a loss in daily users for the 1st time. loggins fell by about half a 1000000 in the final 3 months of last year. it still has more than 1900000000 years as globally. but investors were clearly alarmed. the decrees, piles pressure on a company criticized for its business practices and struggling to compete against the wise of video based app, tick tock, stocks in matter platforms, as facebook's owner is now known, plunged more than 26 percent on thursday. that translates into a drop in market value of $230000000000.00 are the same time the company is boring . billions into virtual reality technology or what it cause a matter verse transition. ah, for more of this i'm joined by our guests. but both are in new york. jim anderson

is ceo of social flo accompanies specializing in social media content distribution . and in myers is the founder of oceans, x, y, z strategic visor affirm focused on culture and content. welcome to the program, jim. hard to explain that a company has been the, has been aggressively and successfully based on growth in terms of both users and market value, suddenly faces it's biggest, one day wipe out in the stock market. yeah, i said it shows the importance of expectations. you know, facebook did have a giant white bad, i mean, the biggest one day loss in history. but i can't help but look, i went back and i looked at their stock price. they're still trading 50 percent above where they were 2 years ago. so it's kind of crazy that you could lose so much off of your value and still be so much higher than you were even 2 years ago. the other thing is people are really worried about the loss or the lack of growth in their daily active users. they still have 25 percent of the people on the planet

using facebook on every single day. so i think it's truly an expectations issue and you know, reality catching up with them that they're not going to grow forever in the numbers, look awkward to someone like myself unless there's a different interpretation to this. because when you look at the stock market, the, it's for marker, it struck plummeted by 26 percent, which was translated in a market value plunging to something like $230000000000.00. we're just lost something like half a 1000000 users. i guess the ratio of something like what 1900000000 user still has . yeah. yeah, i mean, what i, as jim send me, it shows momentum. if you're moving a 1000 miles an hour and you are going to get derailed. so for facebook, the problem was it wasn't just a drop and users, it was the 1st, i think it was the 1st drop in the you in the entire company's history. i mean, it's been flat in north american canada for several years. a surprise there. same thing in europe, up a little down, a little relatively flat,

but in the rest of the world that's in their growth. so, and that's traditionally what happens with companies like this. they grow 1st in the us, been in canada then in europe, and they get a lot of growth out there. but after they saturate those markets, they move to the rest of the world. facebook has been in the rest of the world for a while, and so their growth, they're starting to slow down and it's worrying people, especially because the average revenue per user is much lower there. so if, if the u. s. canada, europe are staying flat, that's where they're getting lot of their money. that's for the wealthiest people are. and then it's concerning for their future cash flow. when even the rest of the world, it's starting to drop off gentlemen, that is what it becomes really exciting. it is just going to be a small dand or something with far reaching consequences on the future of social media giants. jim now chief executive mark stuck a burgess attribute, the decline, basically to audiences living for why of a company such as tick, tock should,

should facebook, we are really concerned about tick tock. their shirt. i mean tick tock is a great application and you know, mark zuckerberg, probably too much derision has been testifying in front of congress. is a, we're not a monopoly. we have plenty of competition. so in some ways, if you're looking for a silver lining, i don't think any c e o wants to see his or her company have a one day wipe out. this is the biggest in history. but if you're looking for a silver lining, he's proving himself right. they do have competition. there are other applications out there seeking consumers attention. so i think the next time he gets hauled in front of congress to testify or the e u or anywhere else and says, hey, we have plenty of competition. he, all he needs to do is point to february, 2nd, 2022. as perfect example of that in usually you would expect ceo's to shift to crisis management those and they would provide you with different interpretations. but don't you think that it's about time for facebook to face the reality of that he has failed to win the hearts and minds of people if fail to reinvent itself. and

there's still this legacy of a facebook that was not really straightforward when it comes to good governance, transparency, and spreading of this information. if you look at all of their internal documentations, everything that's come to life gets the last 5 years, all of the weeks, all the with the blowing. it's clear that they've known this for a while. and i think what we're really talking about is whether marg, soccer bergen, facebook are focused on the past or the future. and this goes to jim's point about anti trust as well. yes. they're finally saying, okay, see what government. you know, we're not the only guys in this field, there's plenty of other people stop your last suits, you know, they're the anti trust lawsuit against facebook. the 2nd life little while ago, they presented new evidence that was accepted. then they're going to be able to move forward that, but the real issue i think is facebook is looking forward and social antitrust regulators should users. so should everybody out there looking at b. r a are there, you know, facebook matter reality labs is the place where everyone should be focusing their

attention. and interestingly enough, the fcc filed an inquiry against their acquisition within for $400000000.00, which they made in october. but they have been quietly buying up every major b r a our studio. and that's going to be the real test is whether they can get away with being the platform or the future. you know, they want to be the iphone, they want to own the app store. they also want to own all the developers. i mean, imagine that apple just started buying the most successful apps on their platform to increase the revenue. it's real, it's a real risk and i urge everyone to kind of look to the future, which is where mark's arkenberg head is that and it's really glad that people are still focused on whatsapp and instagram and how that relates to take doc. if you move beyond that a long time ago, i think jim, this is way because also interesting when you look at what zak a book has been saying, basically is the fact that just by one single button, a decision by apple to change the privacy in its operating system cost facebook,

something like $10000000000.00. yeah, it's interesting. i mean in many ways that shows the power of apple. if you want to talk about it, had to trust your apple can make very significant changes. and given the dominance of it, it's holden over the phone and enhance that. it can have incredibly significant implications to companies like facebook and of course, anti anti trust is a concern for apple to look at everything that's going on with the app store conversations. so, you know, increasingly these giant tech behemoths are competing with each other in new and different ways. and i agree with the statement about looking forward the metaphors, you know, people, it's very easy to be derisive about the matter versus cartoon like avatars having socially awkward interactions. i mean, nobody's getting excited about that, but if you look beyond that and see where facebook wants to go, i completely agree looking forward. the better verse could be a very, very important development in facebook. could be dominant, could be overly dominant. the. and before we go into the mess of us, because we will be focusing on that later in the show. in the meantime,

it seemed to me that facebook needs to become less and less dependent on apple in the near future if he wants to thrive. otherwise, people with the going to competitors such as google. yeah, i mean, the facebook is one of the only big 5 tech companies that doesn't have a total monopoly on the way that it makes money. and i think for facebook and, you know, we say facebook, we mean meta also instagram, you know, they're, they're advertising issues or that they rely on personal tracking across sort of all of the different things the user does on their phone, on the internet, et cetera. and this is compared to something like tick tock, where tick tock has an incredibly sophisticated algorithm that looks at what people are doing inside pick, talk as the barometer to serve them. the correct advertising content. this isn't what facebook does. it's not what instagram does. they rely on the data that's

coming through the personal tracking. and once apple shot that off, as jim said, it's become incredibly difficult. i mean, we don't have to talk about the matter verse, but this is the answer. i think, you know, zocker were saying but stem the bleeding and we're going to try to make adjustments to how we do things in our traditional advertising business. the defense against that is to make our own platform. we're going to own the hardware. we're going to the app store, that's how we're going to protect ourselves over the next decade to decades 3 decades. that's their answer. i don't think we're going to see them building backwards. and the last thing that i would say on that is this is something that separates facebook and soccer bird from a lot of the other big tech companies out there were the founders have step down a long time ago. zuckerberg is still in control. he's a very classic start up founder. he sees something he wants to build, has conviction to do it, and gets it done. he doesn't need the business case up front. he doesn't need to prove to everyone on it for to everyone. an executive team that,

that the ocoee list are, i guess now met a quest is, is the right way to go. he just has conviction around it and can build it. and that's actually something of an advantage for him relative to these other company. okay, jen? so now you're facing a problem and you have this, this issue with, with your market value and daily uses, which has been client declining venue investing. something like $10000000000.00 in the meta verse. was it the timing was the right time to say it's about time to move or shift intimate of us. i think we can only answer that. you don't have to 3 years from now. i think clearly mark sucker berg thought it was the right time. you know, there's never a good time to deliver bad news to the market, at least if you want your stock to continue to climb. so there's a little bit of a do i want to take my medicine now? and the point, i mean, mark is dr. berg is 100 percent in charge of facebook. he does have a board of directors. he does have shareholders that he have the answer to, but he controls the company and he can make whatever betsy wants to. and i suspect

they had plenty of internal debate about how aggressively do we go after this. and when do we take our lumps in the marketplace? probably his biggest concern is the employee base, right? because they, they compensate like all tech companies, they compensate their employees with stock option. and when the stock is going down, especially by as much of the did, you're going to have some real employee retention challenges. so that is a very real problem. i'm sure he's not happy about it, but i doubt he's even remotely deterred by these. these kind of headwinds are our market moves. i think if he is able to realize the vision that he has for the metaphors, the market will handsomely reward him. it may be 234 years from now and i think he's fine with that. he and how can you gaming virtual reality augmented reality big come somehow an alternative for companies such as met her to to sheila gas and future losses. what's a good question? i think it depends on the widespread application and use. i mean, i have an oculus,

i've used it before. i put it on, i get kind of dizzy after 20 minutes. i take it off and that's sort of my experience. and now it's kind of gathering dust from, from being honest, but this is the 1st iteration. and i think what facebook sees is an opportunity to move beyond the advertising as their primary revenue source. once you're doing the things that you've seen met a display and a lot of the demos around their met, you know, their whole vision for the metaphors. you're seeing, things like shopping. you're seeing things like subscriptions, the content you're seeing, things like in app purchases for the games and things that are being sold on the, on the list app store. so i think he's seeing his protection is a diversified revenue stream. it's sort of owning the platform and then diversifying revenue stream. it remains to be seen how much, you know, adoption is going to take up over the next decade. i'm sure it will. i'm sure it will get there, but it also remains to be seen whether augmented reality or virtual reality is. the

thing that takes over and i think that's an important zocker berg is making a bet on virtual reality. microsoft, for instance, is making bet on augmented reality. so there's a difference there that's going to become clear over the next few years as to who's writing this roth. gen betting on meth of us reality makes perfect sense on paper. so we do understand that it's about time for the company to broaden its reach beyond the social media, into new arena, but for someone, but for me and every human being if met versus going to become a reality, i really need to look forward for someone i trust to be able to move forward. the problem with facebook and matter is the issue of trust thought you think so? yeah, i think you've nailed it. i mean, they don't have a lot of trust and i think they've got a lot of work to do, to rebuild trust and prove that they can be responsible stewards of the matter verse or whatever that ends up being. i will say they,

i give them credit their oversight board, which we've talked before about is i think, a pretty powerful construct because all of these big tech companies, when they're the arbiters of truth, that the phrase that gets used a lot. i think that was my executive briggs favorite line in front of congress. at one point. we don't want our tech companies to become any more powerful than they already are. there are 2 giant economic engines, and so facebook setup is independent oversight board. that i think a lot of people were quite skeptical about it and just as quietly goes about doing its work. and so i think they are going to have to become struck like that. what's the supreme court if you want to use that analogy for the metaphors or for facebook or for twitter or for any of these big tech platforms? and so i would say they've actually made some encouraging staff, but they've got a long way to go. and certainly, i would say the trust factor is not very high right now in the facebook made history 18 years ago when that appealed to younger people. it doesn't seem to be doing the same impact on them as we speak. so is the fight in the,

in the future between although social media giants going to be primarily focused on winning the hearts and minds of the youngest fashions of society. this is, you know, in so show this is an incredibly important and known trend. so in the social category, you have early adoption by people in their teens, early twenties, those platforms move up in age until their older peers are using them and then their parents are using them. by the time their parents are using them. they're already completely off the platform. the younger generation, you know, applies in this sort of social hierarchy of how apps and new experiences move up that chain. but i think for the metaphors it's, it's, it's, i know, and i mean, yes, it's been widely mocked by everyone, every single one of their releases on twitter and everywhere else was kind of torn down. i think pre zocker berg, the issue is he said

a lot of things about this is my vision. this is personally have i think human being should connect. this is why we're building meta this way. and people look at the way that he interacts with people and how awkward he is. and they laugh at him cuz they say this is kind of ridiculous to have you being the person who dictates how the future of humanity should connect. i think truly what's going to happen is you're gonna need to see an applications, not the hardware, not the software, but applications that appeal to younger audiences come into play. and none of that has happened yet. that remains to be seen. you know, it's kind of hardcore gamers and exercise fans right now on the we're still in berry berry, early day gentlemen. taina presence in the market. a company such as facebook in the past was aggressively trying to copy paste strategies of different competitors buying them. but that won't be possible any time. so in the near future,

i don't think that and the regulates in the world, would be just saying, you know what you can go for and it take over in the mean time. is this the reason why he is going into the uncharted territory, which is a matter of us because we know nothing about the laws to be implemented of all the mess of us reality and he's trying to find in each a nice there. yeah, i think that may be a piece of it, but i think it's true a more his vision. i mean you're, you're, you're without a doubt, correct. as you get to be a certain size and scale, when you become a trillion dollar, are near trillion dollar company, you're going to get a lot more attention to you can't be as aggressive, at least overtly. you can't go by your competitors like he did with, with instagram a number of years ago, but i wouldn't, i wouldn't under sell, his continued aggressiveness. i mean, he's an aggressive person. facebook's an aggressive company or meta to use the point where use the right term. but i think it, that aggression has to be manifested in different ways and going after a big vision and being willing to endure criticism, even mockery and say, i know, i believe in this vision vision laugh at me all you want,

but they have to 34 years from now, i'll be the one laughing i have to believe that mark zuckerberg is at least feeling that it is not having those conversations internally and saying we're just going to inter, whatever criticism a mockery we get into we. we actually make that vision real in for someone like zach a book and the multiple hits to his reputation of the reputation of the potential that his company terms of withholding information about vax about vaccination in terms of the spreading misinformation in terms of interfering in the last u. s. elections. what is next for him to move forward? the, the list goes on. i mean, i was remarking the other day that we've been on coverage. you know, facebook as it was for many, many years and every single time we're saying this horrible thing happened. but guess what, the stocks going up, you know, this is, this is sort of inevitable that something would go wrong. that there would be some scandal, but it was also inevitable that the stock would go up. it took

a drop in via you before a company that is arguably more played by scandal than anybody else in its category to have a little bit of a bit. but by a little bit massive depth and it's market value, i think, you know, to get back to the, the anti trust. this is going to be the focus. i mean, trust and safety has been kind of the issue for them. and trust and safety is going to continue be an issue for them. they actually just 2 days ago announced a protective bubble application that you can put around you in, in the matter verse. so people's avatars can't come so close to you and harass you . right in your face as you're walking around, they're sort of the, our chat rooms that to me it's kind of, it was taken as a joke. it's a funny headline, but it's a serious matter when you think about how are they going to handle the trust safety . privacy matters in the members. it's one thing to see people using graphic images or graphic language on a screen. it's another thing to see it in front of you like it's real life. so i

don't think those issues are going away at all. it's going to be translated into the new media facebook is working on and if they pursue the same tactics of aggressive growth without really considering the health of their community, we're going to see the exact same consequences. jim, you said earlier, we should give a time to see what would be his next move, particularly knowing that the into the printer, real, the pioneer and mindset of the man himself has been shown into practice each time the company was facing a problem. but now when you see that most of the advertisers are shifting the advertising budgets into companies such as google could, could, could google itself become somehow somewhere the next existence of wet for meta. they could be, i mean, to the degree you're competing for advertising dollars, and google is sucking them up. a, of course you could, they are a concern,

but google's really in the information business. if you think about it, facebook's more in the entertainment business, the company though that i would keep an eye on to your point is amazon. they announce 30 some odd $1000000000.00 in just advertising revenue and where the facebook's in the entertainment business. google's in the information business, amazon is in the everything best since they're a retailer, they're a streamer. they're generating tens of billions of dollars in advertising. so certainly advertising dollars will flow to wherever advertisers think they're going to get the better return. and part of the insidious nature of apples change that relates to facebook, at least is the fact that it made it a lot harder for them to prove to advertisers that facebook work. so yeah, i think diversification from advertising revenue. another big issue that facebook is, is trying to confront in so all of these companies are competing for elias in the matter verse a well, paddle a little or an extension to our physical world where embassies will be opened, where we buy our own medication. well,

we'll be dealing with everything exactly the same way we used to do in our physical world order. isn't there something about the same time is should be sending alarms to us as a human beings because it looks like we're moving into uncharted territory here. well, we moved into uncharted territory with the advent of the smartphone, we moved into uncharted territory with the advent of social networking. i can't say the results have been astoundingly positive for humanity. i think a lot of people would argue that it's cause more harm than good. when we look towards the med adverse, there's a lot of dystopian fiction out there about what happens when b r. we takes over our lives when the lines between what we experience in real life, what we experience in the quote unquote manner. verse becomes closer together. i mean, for me, i'm a bit of a pessimist in this regard. i think there's going to be a lot of problems. i also think at least where the technology is today,

it is not tolerable to spend too much time in there. i mean, especially for people who are putting on the full headset. it's, it's, it's not that it's not easy, it makes you sick. it's hard on the human body because i don't think we're supposed to live like that. there's also space issue. if you have a tiny apartment, you know where, where the big consumer is for all these things, they're in urban centers. and if you're limiting an apartment that is constrained, it's 700 feet square feet, 600 square feet, 400 square feet. you don't have the space that is required to get the maximum use out of the heads. just fascinating, the way we're moving from the world into the book and the newspaper, electronic media. and now we're talking about the mit of us jim anderson in my us. i really appreciate your insights and thank you for watching. you can see the program again any time by visiting our website as you know, dot com for further discussion. 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 forest. where giant trees once too tall and cheap quincy use roll, conservation to say the areas swarming with ego, tim below g. as in porches, 4 years ago, the government is sitting in the on east. the ban on the timber trading. that decision only open a floodgate of uncontrolled illegal logging. sierra leone is home to more than

$5000.00 was, did you possess more than $1500.00 of them are found on the normal mon, to range and on, and therefore from safe. cuz the vision is under pressure to save them after the resumption of looking on the return of ah. ready ready this is al jazeera ah hello, i'm molly inside. this is the news, our life from doha. coming up in the next 60 minutes condemning russian aggression ukrainians, riley, and the largest city in the fiery line. if vladimir putin gives the order to invade rescue workers in morocco inch closer to saving a 5 year old boy trapped in a well for days. and a.