we have arjun kharpal. investors with little patience of what mark zuckerberg said yesterday on the call out. >> reporter: absolutely, seema three things stood out first was we're seeing the impact of the weak ad market across alpha and snap and now meta the average user dropping per quarter. ad dropping 18%. there is no pricing power as they are cutting budgets the second for the investors is lack of cost control that meta showed 28% increase of head count costs jumping 19% in the quarter at the time when other companies like microsoft and alphabet are trimming fat and being disciplined. thirdly, what you said, investors are losing patience. particularly for the vision of the metaverse and whatever it might be reality labs, the division that houses the vr head sets and metaverse future, revenue fell 50% in the quarter losses widened that reality labs lost $9.4 billion this year and this was the line that really got investors riled up meta saying reality losses are expected to grow significantly in 2023. at

arjun kharpal in london following technology. >>> on deck on "worldwide exchange."hange greg branch laying out the full day ahead and why he is not buying in the recent rally. >>> and throughout hispanic heritage month we celebrate business leaders. here is the chairman of aqua sol. >> the punch line is the latino generates $2.7 million of gdp. we think of 80% of net new workplace entrance and growing 2x at the rate of the economy. that is something any investor or anyone thinking of the competitiveness should be aware of and think about and invest in another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. power e*trade's award-winning trading app

ar arjun kharpal joins us now >> this is what netflix needed to deliver, and they needed netflix to deliverhey did deliver in the quarter showing they can eke out a growth in what's becoming a more competitive environment alongside all the macroeconomic concerns as well when we saw the netflix subscriber amount, a majority of it coming from the asian region where it sees a lot of the growth coming from in the future as well. the guidance was key here as well of $7.8 billion in revenue for q4 reed hastings saying it's reasonable, but not fantastic. that was enough for the market that's what they wanted to see netflix has a plan going forward to continue to grow their subscribers. so clearly a very good report there. we got a bit of color on the support in november. it's strong, but it won't be a material impact in q4, but they expect growth in testimony cog quarters. >> my question for you is where do they continue to find growth? you mentioned a lot of the growth came from the asia-pacific region, but here in the u.s., they're still trying to find not their footing, but a way to keep that a

then on the flip side, apple with slowdowns in the iphone business shares up 1% in the pre-market arjun kharpal is joining us from london the market cap set the trade below $1 trillion since the first time since the start of the pandemic in april of 2021. >> reporter: absolutely, frank it was a disappointing quarter for the company. it was the guidance that got investors worried. amazon saying in the fourth quarter it is expecting revenue between $140 billion and $148 billion. implying between 2% to 8% growth which is the key holiday weperid cloud growth in the key aws division it was below expectations and perhaps we are seeing businesses pull back on ad spending a couple of things hang with the pandemic boom which we saw is now starting to fade and the macro environment turning worrisome and potential recession and slow down in consumer spending. bucking the trend from what we saw from the likes of alphabet and meta with digital ad sales let's move on apple. the best of the bad bunch in a very rough week for tech they beat on the top and bottom lines. iphone sales missed. $46 billion. service