ed hammond, who helped to break this bloomberg exclusive story.taying with the world of technology, we want to get some more perspective with ted mortenson who works on the technology desk as a strategist with baird. you are already booked to join us and talk about what the expectations are for big layers like alphabet. just in terms of the business of twitter which undoubtedly people are going to compare to what is happening at alphabet or what is happening at meta, how would you characterize what is happening in that industry right now? ted: if you look at marketing in general, this is a bad recessionary environment and marketing is the first to get cut. i don't think that's going to be a shock to anybody we are up against, not only difficult comparisons in advertising year-over-year but the budgets are being rationalized now. as it relates to the post i dfa apple environment, if you look at pinterest, snape was a disaster last week, i think you can throw twitter in that bucket a little bit. if essentially you don't have captive a network and do

he's there in the building as we reported overnight sources telling myself and ed hammond that he inth staff said i don't plan to cut 75% of the workforce. but all the signs are right from what we reported on the debt and the bank side of this equation prayed i reported yesterday several equity investors have transferred funds paired were moving towards a close by 5:00 p.m. friday whether it happens before that who knows. the conversation turns to what does the twitter platform in this company look like under mosque. what are the changes he will make. alix: it also leads me to meta-. in many ways the quarter meta-laid out was in line with what everyone expected and yet the stock cannot catch a break. >> the stock down more than 20%. trading at its lowest level since 2016 grade year-to-date 600 billion plus loss of market cap. it was the doubling down on the investment to transition to the metaverse and this year will be between 85 and $883 billion. growing deepening losses as a result of that. it was interesting because a number of big-name investors called on him to be more financia