plunging, we'll take a closer look at what's going on at the social net. also coming up, india will try to spend its way out of the pandemic slump. we'll talk about the finance ministers. budget landstar corresponded in delhi, and we'll take a look at the backlash. the commission is facing after labeling, gas and nuclear power as sustainable investment. briscoe berlin, welcome to program shares, and facebook owner meta plunged by around 20 percent and a half hours trading on wednesday. knock a massive $200000000000.00 off the company's market value. the fall came after chief executive mark zuckerberg said that facebook has been losing roughly 1000000 daily years globally between the last quarters of 2021 and warned investors that revenue growth is expected to slow order due to competition from rivals, such as tick tock. if the stock doesn't rebound before trading resumes on thursday, it will rank as the worst day and the companies and year stock market tenure and

one of the biggest one day falls of any company on rec let's bring in d. w as christy plants and ears has been taking a close look of story. christie, for the 1st time in history, facebook is losing more users than it's adding. how much of the problem is that right? well, if we consider the absolutely group fall and share prices that we've seen, i would say it's something of a problem format and marks, or at least a problem for investors. i mean, we have to remember that business model relies quite significantly on advertising revenue. so if you are users logically means you're people to advertise to. and then on top of the fact that last year already this company was hit very hard by an update to an apple privacy policy, which makes it easier for i phone users to opt out of having their data tracked for advertising purposes. so we can see that this bit, and all that this company has relied on for the last 8 years is really we being

attack. well, that may not go away. amazon. christy, netflix and spotify have also posted poor growth figures. are we seeing a trend here? right, i think we're seeing a couple different things happening right here. one thing we have to consider is how the pandemic is affecting these companies. 2 years ago when the pendant released a call, we saw a lot of a lot of places going into locked and then we saw really major boom in the use of digital products of streaming products, social media, as everyone with stuck at home. now 2 years later, that's just not the case, economies are opening back up, people are going out and i think to some degree they're fatigue with screens with, with, with doing it digitally, people. i can't rely on to use these products in the same way. they could last year, so these companies can't look to can expect the same growth that they've seen the panoramic began. and we also have to remember that these companies,

it's not like they're making sure they're making a call or something that's going to where i mean the to replace. it could be that they started saturating their market. they're going to have to look at other strategies for how to make money. christy facebook says it's expecting revenue growth to slow in these quarter. is there a plan to offset this prediction? right, well these are the shocking figures that we've seen today, or actually not really much of the shocks and meta already last year. we saw them talking about declining the growth about problems with his eyes on privacy policy. and this is why we saw major re brand at the end of last year. we re branded of meta metaphors, 1st company we're also saw and their figures reported this time for the 1st time they've off there reality labs. this is the segment responsible for this members push into is segment. i'm so this is really where the,

where this company sees its future. bloomberg has said that this could be an $800000000.00 market opportunity and met us getting on that as well. d, w. christie watson. thank you and we apologize for the quality of the line there. india is hoping to spend its way to once again becoming the world's 2nd fastest growing economy. the and in finance ministers latest annual budget includes a $100000000000.00 in capital expenditure. that's around double the amount and yet was invested before the money, partly funded by debt ends to sustain economic growth, which is expected to be on my percent for the current financial year. it includes heavy investments in infrastructure. let's take a closer look at these plans where the w is char carter, k a and delhi good to have you on the show charo more public spending. that's often the go to move for governments when they're trying to spur growth is likely to work

for india as well. hi chris. well, it remains to be seen whether this will work or not. but at this point of time, many analysts are of the opinion that the amount that has been allocated this time for in terms of an investment bush is not really adequate given the size of the problem at hand. in fact, some analysts have said that if you, if you adjust for inflation, then even the overall size of the budget this time has not gone up significantly as compared to the previous year's budget. so that means essentially that it's just capital expenditure which has been announced and not overall expenditure in the budget of no other scheme was the unknowns to give more to give which to the economy. no large infrastructure spending has been out. in fact, several schemes that some analysts and some industry but also had expectations for none of those came through. so it remains to be seen whether these business amount

that has been announced will really give the economy a fresh impedance in the household are grappling with the rising cost of living at the same time. there's the problem of unemployment. the economic slowdown has pushed india unemployment rate above the global figure in 5 of the last 6 years. what is the government going to do about that? well, if you look at the speeches and the statements that have been made by the finance minister, the prime minister and various other senior ministers and bureaucrats of the government, the capital expenditure is something that they are banking all their hopes on there . they are hoping that there's capital expenditure that they have announced that will give rise to jobs. we've given impedance to industries will bring in more investment. and that's essentially the center of all their all their hope. but the problem remains that several analysts are off the opening at this point of time

that employment schemes were necessary. they have not been announced. in fact, there's a rural employment get into the scheme that is already functioning. it's location has not been increased and the no increase in that location has been announced for sectors like agriculture, which generate massive employment. chris char, gotta care for us, and delux. thank you for the moment char, but do stay with us. because apart from her budget, the indian finance minister near mala aman also announced plans to introduce a state backed crypto currency label. the digital repeat. take a listen introduction over central bank digital currency will give a most a big most to digital economy. digital currency will also lead to a more efficient vent, cheaper currency management system. it is therefore proposed to introduce digital droopy using block chain and other technologies to be sure to buy that are still

bankcorp. india starting 2022 and 23. the indian finance minister speaking there, a charo got to go back to urine delhi, i mean, other policy makers in different parts of the world have been somewhat hesitant when it comes to introducing state back. digital currency is why is india moving ad with us? chris, if you look at what the finance minister said, and what are the ministers americans have also been saying that there was a debt appear to be a perception in the government that since crypto currencies in investors are going big on crypto currency and the government is a little wary about digital crypto currency. so to provide a sort of a safeguard of cushion, again, the dominance of trip took it into the market. they brought in this government back and visited good end, which is going to be essentially a legal tender. it's going to be digital based on the block to block chain technology. we're going to be digital digital tender, and it is not going to be

a crypto currency. so to, to provide a sort of account up to the growing trend of cryptography in india. this appears to be the reason behind the launch of the digital repeat risk at gyros. char got k, m for us in delhi, looking at the plans of the indian government to introduce a state back to digital currency charo. thank you for your analysis and now to some of the other global business stories making headlines around the world. turkeys official inflation rate has hit his highest level in 20 years figures and the turkish statistics. agents and suggest price is most by over 48 percent. last month, compared with the euro inflation, partly named on president add ons unorthodox. believe that low interest rates are the normal petroleum giant shell has posted a massive profit for 2021. it may just over $20000000000.00 as

a resurgent economies drove up demand and prices oil his highest price for 7 years . in january, charles, profiting here in los 21 building the european commission has been working on standardizing what is considered sustainable in parts to help make investors make green investments. so it's moved to include include gas and nuclear power in it's green energy. taxonomy is creating a backlash from both environmentalists and european lawmakers protest on wednesday against the e u decision to class nuclear energy and gas, a sources of green energy. the protesters say gas shouldn't be included because it's a fossil fuel, while nuclear polls as a risk due to accidents and the disposal of waste. proponents say the energy sources are essential, bridge fuels to reduce reliance of coal and oil while working to build renewable

energy infrastructure. the classification is a cornerstone of you environmental policy. the aim is to guide investor fans to genuine green energy projects and away from green washing or damaging investments. the e u admits including gas and nuclear is imperfect and has added more stringent conditions . so and you care the delegated act, if you like, rewards improvements and advanced technology in safety standards and waste management when it comes to gas, there are strict conditions including limits on emissions. and that facilities must replace high imaging plants, as well as being compatible with low carbon shields. old new gas and nuclear projects will also have to be approved 520302045 respectively. this compromise is supposed to please the blocks biggest economies. germany is a proponent of gas and france nuclear energy. while brussels had hoped to set new

global standards with its green energy label taxonomy, its implementation as disappointed. many environmentalists and member states alike . and as a reminder of the top story for you at the sour chairs and facebook owner met a plunge firearm 20 percent. an after hours trading on wednesday, blocking a massive $200000000000.00 off the company's value fall comes after c o. mark zuckerberg warned of loss of users and snowing revenue growth. that's a show for now. for more check out our website at d. w dot com slash for this purpose colburn bullen, thanks for watching every self a successful day. with

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a ride to learn to read it is. this is the job of journalism how i see it, and that's why i love my job. because i tried to do exactly this every day. my name is adding to and i work at the w ah ah, this is, did we news live from berlin band in russia? the foreign ministry in moscow announces it is shutting down this network. germany's international broadcaster deutsche develop. the move comes in.