as around 25 percent of the total gas supply require men in the country relies on imported bottles. guess the government has ordered filling station to close for 4 hours a day because of the shortage and textile factory owners say the supply shot at cost industry close to $2000000000.00 in the past 3 months. this is resulted, some factories get to po, we are running gas run janetta when we can london and also washing plans almost working 2575 for some good work. so this as a result it big deception and the promotion. the consumer watchdog say's a short term solution to resolve the crisis. is our gently needed look, a commis, muncie nice is consumer go to, gosh, we could temporarily suspend supplying gas to non essential sectors. however, it's important to keep the supply in, take the industries and domestic consumers, and we should extract the gas reserves that are already discovered and supplied

those to the grid. energy expert sworn that if a solution is unfound, both industrial production and millions of domestic users, particularly low income families, will continue to suffer. tanveer chaudhry al jazeera dhaka. ah, it is good to be with a slo, adrian finnegan, here in doha, the headlines and al jazeera as the u. s. pulse does. its troops and poland and germany. russia continues to flex its military muscles near the border with ukraine . satellite images show the extent of the hardware that has been sent to ben, a roof intruding aircraft troops, their defense systems. russia move troops to belly wistful when it cools military drills and still denies that. it has plans to invade ukraine, tennessee, as president as to dissolve the supreme judicial council of to withdrawing some of its members privileges. president case i. it says that the counselors, outdated,

but critics say is targeting the do the judiciary so that he can con, consolidate power over all the countries. institutions a 5 year old boy trapped and a well in morocco. since tuesday has been found dead by rescue workers, morocco's king announced that ryan did not survive the 5 day ordeal. teams dug out part of a hillside to reach the boy. us podcast. a joe rogan has issued a public apology for repeatedly using a racial slur in various shows. over the last 12 years, rogan's apology came off the grammy award winning singer songwriter india. ari pulled her music from spotify. the streaming service which hosts rogan's podcast is or cost a 2nd apology in less than a week. un secretary general antonio garages asked china as president, teaching ping, to allow access to the chin jang region. they met at the beijing winter olympics. quoterush wants an investigation into abuses against the weaker minority there

others, the headlights. these continues of the inside story next as well. death athletes to care for the winter olympics. eating is embracing itself for the arrival of 11000 people. kind of 0 tolerance strategy work and despite didn't mention like which one is which again, moving you the latest date is 2020 q winter olympics. how's it there? for the 1st time, facebook finds itself struggling for friends. number of users has fallen, looking in plaster than sending the platform share price plunging. so is it a blip or sign of a long term decline? this is inside story. ah

hello and welcome to the program on hash 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 rise of video based app, tick tock, stocks in matter platforms, as facebook's owner is now known, plunge more than 26 per cent 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 guess. both are a new york jim anderson, a ceo of social flow, a company specializing in social media content distribution. and in myers is the founder of oceans, x, y, z strategic advisory firm 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 should have it. it shows be of importance of expectations. you know, facebook did have a giant, why bad? i mean, the biggest one day last 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 worked 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 or 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 expectation issue and you know, reality catching up with them that they're not going to grow forever. and the numbers look awkward to someone like myself unless there's a different interpretation to this. because when you look at the stock market, they, it's for the market, it's stock 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 a ratio of something like what 1900000000 use. i still have yeah. yeah. i mean, as jim said me issues 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 zone and not 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 is starting to drop off, gentlemen, that is what it becomes really exciting 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 moxley burgess, attributing the decline,

basically to audiences living for wible companies such as tick tock should, should facebook, we're 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 bose 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, of 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 awhile 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, there are 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 filing 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 why, 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 hold and 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 med, adverse 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 would be 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 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 his, 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 companies . 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. then you are investing something like $10000000000.00 in the metal 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 to your 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 the thing is, 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 managed to be seen whether augmented reality or virtual reality is the thing that takes over and i think that's an important zocker burger 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 these rough 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 mit 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 on the 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, 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 mark zuckerberg, 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 it goes about doing its work. and so i think they are going to have to be construct 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 the 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 trucks back, they're 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 then in the future between although social media giants going to be primarily focused on winning the hearts and minds of the younger fashions of society. this is, you know, in social, 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 marked 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 met 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 applique ations, 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 or near trillion dollar company, you're going to get a lot more attention that 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, no, 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 if not having those conversations internally and say we're just going to inter or 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 a petition that his company terms of withholding information about vax about vaccination in terms of the spreading misinformation in terms of interfering in the last us elections. what is next for him to move forward? the, the list goes on, i mean, i was remarking the other day that we'd 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 bip and 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, announce a a protective bubble application that you can put around you in, in the meta verse. so people's avatars can't come so close to you and harass you right in your face as you're walking around there. sort of be 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 truck safety

privacy matters in the metaphors. it's one thing to see people using graphic images or graphic language on the 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 just 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. jenny said earlier, we should give a zach of the time to see what would be his next move to typically knowing that the inter pinole ill, the by near in mindset of, 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 their advertising budgets into companies such as a google could, could, could google itself become somehow somewhere the next existence of flats for meta

they could be, i mean to the degree you're competing for advertising dollars and google is sucking them up. of course, you could that 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 it diversification from advertising revenue. another big issue that facebook is, is trying to confront a and so all of these companies are competing for elias in the matter

verse. a well paddle little or an extension to our physic. well, we're 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, lately takes over our lives when the lines between what we experience in real life, what we experience in the quote unquote men a 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 living in 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 at a time by visiting our website as it dot com for further discussion. go to all the

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