david kirkpatrick is with us. walk us through the latest in the back and forth. it started with a poll by elon musk. >> elon musk sent several tweets throughout monday. the two key points were that first he suggested a negotiated settlement between ukraine and russia, implying that crimea, which is an annexation of russia, should remain with russia for good. obviously these are strong words for elon musk we saying. -- for elon musk to be saying. he posted a a further poll later in the day saying citizens of those areas of ukrainian territory that russia is trying to annex, whether or not they should be given an opportunity, to vote on their own futures. there has been a sharp reaction from all corners of social media and diplomatically to what elon musk has had to say. emily: including from president himself, responding with a twitter poll of his own. which elon musk do you like more, one who supports ukraine, or one who supports russia? david, what is your take on all this? david: it's fairly easy to have a take on, i must say. i think musk falls prey to a numbe

david kirkpatrick is with us.t started with the pole by elon musk. >> he sent several tweets throughout monday. the two key points where that first he should just a they should be -- he suggested a negotiated settlement between ukraine and russia, implying that crimea, which is an annexation of russia, should remain with russia for good. obviously these are strong words from elon musk, and a further poll later in the day saying citizens of those areas of ukrainian territory that russia is trying to annex, whether or not they should be given an opportunity, there has been a pretty sharp reaction from all corners of social media and diplomatically, with what elon musk had to say. emily: which elon musk do you like more, one who supports ukraine, or one who supports russia? david, what is your take on all this? david: it's fairly easy to have a take on, i must say. musk falls prey to a number of dangerous ideas, one is, if i'm so rich, i must be smart enough to solve anything. that is ludicrous. he also is an attenti

emily: let's talk about that more now with -- for more on snap in the future of social media, david kirkpatricknd our own kurt wagner. david, what are your takeaways? >> big picture, the economy is getting worse, faster than most of us had hoped. and in fact, snap is the first prominent victim. we will probably see more in the future. emily: kurt, walk us through a little more than numbers. what are you seeing? how does this compare to what we have seen in previous quarters? >> as a dimension, it was the slowest year-over-year revenue growth we have ever seen from snap, which is never a sentence you want to say when talking about earnings. the issue was it was never far off the street expectations, but those have been depressed. there was already a feeling it had been a tough summer and a lot of issues like the war in ukraine and the apple ios changes, had a serious impact on the business. this was considered a low bar for snap to clear, which they didn't do. as david mentioned, it is a terrible sign for the rest of the digital advertising industry, which has not yet reported earnings but will

let's bring in kurt wagner and david kirkpatrick.hat are your big takeaways today, is that the avatar legs? kurt: the avatar legs was an easy one, little bit better than floating around in the metaverse the headset was sort of the flagship that was announced. it was a high-end vr device. it's, as mark said, it is tailored to working professionals looking for higher end clientele. a lot of the technology they showed off towards the end of the presentation is the stuff that is most interesting. this is lifelike avatars or even the ability to use your wrist as a controller. the problem is it is years and years away. you're asking people to be very patient. you're asking investors to be patient as they work on the stuff. i think that is where the issue comes in. the technology is really far off. emily: david, the stock dropped almost 4%, why do you think that is? david: well, one way to look at it is, this is a company with 3.5 billion people in a business that is generating $40 billion a year in after-tax profits, for a business that so

for more were joined by david kirkpatrick. while, meta-stock is down 67% in the past year. does that meld with the quarter we saw yesterday? >> i think it does sadly. profits were down over 50% year-over-year. so that's the kind of company investors like. the strange thing is this company was the great growth story of the last decade to some extent of modern capitalism. many of those years they were the most profitable company in the world. so to see them stumbling and so obviously missed is deeply distressing. this week can the earnings call they said this concentrates the mind. you don't hear zuckerberg staying -- saying that but it is true. you cannot help think you have to do things differently and that's very healthy and probably will end up being healthy for investors. >> is the stock cheap today question mark -- today? >> i think at this price at a pe of 10 it is still makes ordinary probable company but has enormous opportunities it just needs an epiphany that hasn't happened. if that began to happen i could see a trem

david kirkpatrick, as always, good to have you. coming up, how do women in particular see crypto?vey has surprising insight into how they are making their first-ever investments. this is bloomberg. ♪ emily: for today's crypto report, we dive into the investing behaviors of men. a report finds one in 10 women are choosing crypto as their first investment. this is part of a survey and here to discuss, blockfi posco funder. talk about the big takeaways. there were sums of rising results -- some surprising results. >> there were surprising results . some are good and some signal to me, things we need to continue to work on. the key take away is that women that are invested in crypto are resilient in the bear market. we also did see there was a generational gap among women who feel financially secure in their investment strategies and those who do not. specifically, we saw the gap was between millennial women who tend to feel more financially secure, and gen x tends to be the least financially secure. what is important about these surveys is that we are looking to understand the differ

tom: david kirkpatrick absolutely nailed the success of facebook. i was wrong.irkpatrick, the facebook affect author nailed it. i wonder what he would say now. jonathan: you seen how many people are getting their news from tiktok? that is slightly concerning. tom: we have a internal bloomberg surveillance, welcome you to a bloomberg meeting, should we be on tiktok? i have people suggesting me that i should be on tiktok. no. i just do not get it. for us to be on tiktok ,hi, the yen is up. lisa: it's about the ownership of a company steepening strengths between the u.s. and china. where the data is coming from and being hosted, there is this real insecurity about that about one of the main and quickly growing. i would say another one, like snap. that is the my kids use. i feel like that guy, the guy coming in. tom: my kids are not on snap or tiktok. lisa: congratulations. you are having a great parenting situation. younger ferro is not on snap. snap is not reporting the earnings either. tom: i have people telling me i should be on tiktok. jonathan: do is telling y

david's fellow freemasons would provide assistance but even so it would be a struggle . that was the opening paragraphs of melanie kirkpatrick's book lady editor, i've a biography of sarah josephahale and the making of a modern american woman . i'm the vice president of public affairs at hudson institute joined here today with my colleague melanie kirkpatrick and the biographer of this book. she was a longtime journalist at the wall street journal and we have the pleasure of hearing more from her today about this book and why she wrote it . before there was oprah or martha stewart or online influencers there was sarah josepha hale. she is probably one of the most famous women but mostly forgotten from the 19th century. she was a writer, apatriot, and educator at a godmother . you're in for a treat. this book is terrific. this woman is fascinating. i'm going to have melanie open up with a few comments and we will have a curated conversation back and forth and we look forward to taking your questions to discussthis further. so withoutfurther ado , melanie, welcome . >> it's wonderful to be here and i thank you and the hudson ins

david? did you have something? >> i wanted to address gary's core question of i could. i'm going to say something a little controversial. barbara, since you brought up the 70's, i'm going to quote jeannie kirkpatrick who said autocratic states don't become democracies but authoritarian states can. she was thinking in the context of latin america in the late 70's or 80's. i think time has proved her to be correct. one of the dictators we currently have, daniel ortega, it is not necessarily a bad thing to go to a coup. for an authoritarian government, autocratic government like iran to move to a coup is probably the only way you can do so successfully. i would point out anthony z.'s plan for iraq was basically that, it was not full regime change, it was some sort of a coup. military people tend to be more pragmatic than ideal and religious figures. that is not too controversial a statement. you are used to the word support for chemical, support carries a lot of weight. i think people would argue. and i think that if you look at states that have transitioned to a period of military rule to democracy, there is -- it has happens, where -- much less happening. we have seen turkey with mixed results. lat