it has become more friends of mark zuckerberg, loyalists to mark zuckerberg and we have seen historicallythe fact that peter thiel, the two are close, but the fact that he is stepping aside is very significant. emily: meantime, another big story on the facebook front, facebook threatening to pull facebook and instagram out of europe based on new pending rules from the e.u. about data transfers from europe to the united states. this statement coming from meta directly. "we have no desire and no plans to withdraw from europe but the reality is that meta and other businesses rely on data transfers between the e.u. and the u.s. in order to operate global services." would facebook actually do this, pull out of europe? >> it seems unlikely to me to obvious reasons. this would be absolutely devastating to the company's reach, devastating to the advertising business, but let's just remember that last year facebook did pull news from australia. a very different step than removing the service entirely, but my point being is that they are not necessarily afraid to make these threats and at least att

we know nick clegg, who has been reporting to cheryl, will also report to mark zuckerberg. that's a sign he is reporting to mark. it's hard to report to both if one of them is the ceo. i think he is reporting to mark. but policy has been under sheryl sandberg for years. she's always been the one to kind of lead this group. that has declined somewhat in the last couple years. we haven't seen her publicly in the way she used to be, she is certainly not the only person talking about policy for facebook. so i wonder what this means for her. she obviously still runs the advertising business there, so that's a huge job. it's not as if she's not doing anything, but this was a big responsibility that used to fall directly onto her plate. emily: and what are the challenges that lie ahead? obviously, facebook is facing some big -- meta, i should say, is facing brand issues. what do we even call the company? they just changed corporate values. those are the questions nick clegg has to help answer. kurt wagner for us, thank you so much for that update. coming up, the future of shopping

jack: mark zuckerberg is blaming the declining users on competition from tiktok.a mistake to switch to the meta-verse? laura martin will tell us next. ♪ ♪ you can't buy love. or peace. you can't buy security. you can't buy happiness. you can't buy confidence. but you can invest in it. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. inner voice (kombucha brewer): i'm dramatically invest with confidence. holding this bottle, so the light hits it just right, and people think... wow... ...he knows what he's doing... ...when i'm actually pretty lost with my payroll taxes. intuit quickbooks helps you manage your payroll taxes. cheers. 100- [announcer] imaginex cahaving fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right

emily: let's start with mark zuckerberg.o you think he wants to do this given how involved he has been in all of these policy decisions to this point? reporter: i think he felt obligated to be involved. i think he felt it was his responsibility to be involved, but it wasn't necessarily something he involved -- enjoyed doing. it's not necessarily the best use of his skill set. he's a technologist. he wants to build products. he wants to work on facebook's future of technology. he wants to be seen as an innovator. every time he's having to make a decision about free speech on facebook, that kind of takes away from the other things he cares. about for him in particular, i don't think this was ever something he wanted to spend his time on, and he found somebody else who's better at it that he can pass it off to. emily: what does this mean for cheryl? does it change the reporting structure at all? reporter: i think this is one of the more interesting questions that we don't have the answer to today. we know nick clegg, who has be

mark zuckerberg's dramatic meta crash. and what's behind it next.. mark zuckerberg's dramatic meta crash. and what's behind it next. ayza mark zuckerberg's dramatic meta crash. and what's behind it next. but if you don't have the right auto insurance coverage, mark zuckerberg's dramatic meta crash. and what's behind it next. get allstate and be better protected from mayhem for a whole lot less. to run a growing business, is to be on a journey. and along the ride, you'll have many questions. challenges. and a few surprises. ♪ but wherever you are on your journey. your dell technologies advisor is here for you - with the right tech solutions. so you can stop at nothing for your customers. this winter, comcast business is helping with the right tech solutions. team usa and businesses across america stay ahead. keep yours ahead too with reliable connectivity and secure solutions on the network that can deliver gig speeds to the most businesses. and get access to over 20 million wifi hotspots from coast to coast. so no matter what big event comes up, you

jack: mark zuckerberg is blaming the declining users on competition from tiktok.a mistake to switch to the meta-verse? laura martin will tell us next. as a dj, i know all about customization. that's why i love liberty mutual. they customize my car insurance, so i only pay for what i need. how about a throwback? ♪ liberty, liberty, liberty, liberty ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire as a business owner, your bottom line matching your job description. is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to

jack: mark zuckerberg is blaming the declining users on competition from tiktok.a mistake to switch to the meta-verse? laura martin will tell us next. real cowboys get customized car insurance with liberty mutual, so we only pay for what we need. -hey tex, -wooo. can someone else get a turn? yeah, hang on, i'm about to break my own record. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire every business is on a journey. and along the ride, you'll find many challenges. ♪ your dell technologies advisor can help you find the right tech solutions. so you can stop at nothing for your customers. what happens when performance... meets power? you try crazy things... ...because you're crazy... ...and you like it. you get bigger... ...badder... ...faster. ♪ you can never have too much of a good thing... and power is a very good thing. ♪

jack: mark zuckerberg is blaming the declining users on competition from tiktok.ake to switch to the meta-verse? laura martin will tell us next. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. - [announcer] imagine having fuller, thicker, edward jones more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) jack: meta-forcemack rattled the market with the biggest decline in stock market history. of the companies reported strong earnings. meta lost $230 billion after forecasting slowing growth for facebook. laura martin j

mark zuckerberg's net worth dropped over 25 million. dropped over 25 billion.ng tiktok were blamed. four members of boris johnson's inercircule resigned amid growing pressure on the british prime minister to step down. the senior aides quit within hours from each other. johnson under fire from his party after it's said he hosted drinking parties while the rest of the country was under covid lock darns. next, when it comes to the battle against cancer, experience really is the best teacher. >> o'donnell: finally tonight, nobody understands what it's like going through cancer treatments until they've gone through it themselves. cbs' mark strassmann speaks to a woman who's packaging up kindness the along with advice. >> reporter: emily king is big on finding what works for cancer patients and boxing it up in the fight for life. >> i've had 35 rounds of chemo. >> reporter: you're something of a chemo expert. >> unfortunately, yes. >> reporter: colon cancer, stage four, diagnosed in 2019 when she was 27. >> how can i help this next community that i'm a part of? what

mark zuckerberg warned of loss of users, and slowing revenue growth. that's a show for now. for more check out our website at d. w dot com slash preschool. gwendolyn, thanks for watching. every self a successful with ah, with ah, ah, one continent. 700000000 people with their own personal stories. europe, with every day life, with what europeans fear and what they hope for focus on 90 minutes on d w. we've got some hot tips for your bucket list. ah, magic corner check. hot spot for food. and some great cultural, laborious to boot w travel off we go 2016 . as like a budget. the queen customer wants to see of germany was the name the last few years have been quite arriving early in touch with averted on the home when it comes to jemma beers. and of course i always look right in the eyes for a chair, but perhaps the biggest on the new hobby of mine. i'm no longer a prude. i want to be in the news, very person americans. but when you're feeling altogether, you'll realize that culture just another way of living. are you ready to meet the driver and then join me, right? just do it

mark zuckerberg is this legendary entrepreneur. should listen to him instead of me, but it doesn't add up to me. emily: where do you think the demand is going to go? what is going to stay hot? what is going to cool down when you look at cities versus suburbs especially as companies are calling people back to the office? >> i don't think that trend is reversing. i do believe that suburbs are the future. america is diversifying in the suburbs. people want that space and they don't seem willing to go back. once you get a yard and a three car garage, you are never going to move into a condo again. emily: microsoft just gave employees a date, they are in your backyard. february 28. micah soft calling folks back to the office. -- microsoft is calling people back to the office. >> we need to do something to get people gathered around the water cooler, but we will have to figure it out together with our employees. i'm not going to issue a mandate. we are all going crazy from doing zoom, but it's hard to put the genie back in the bottle and

mark zuckerberg goes up and answers questions. this is more of a production. presentation but giving the sense of where the company is headed and what the mission is. we have seen those principles evolve over time. this is just a reflection of companies that are maturing some also to your point, learning that those things could come back to bite you. as they set off on this new vision, they don't want to have any of those similar issues with the facebook app come back to bite them. with the formal jargon he language there. >> d.c. change in the hierarchy of the biggest companies in the world? facebook has been up there for so long. i realize this is just sort of symbolic, whether you are top 10 or top 11. but what does that do for employee recruiting? what does it do for morale? >> i don't think it helps. these are employees who have been treated to a pretty good run of success at meta. despite all of the issues they felt with -- dealt with over the years, they never really had a major crisis like this from a business standpoint. i would say it goes all the wa

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 ah, the battle against covey. the only covariance is putting health care systems around the world to the test. vaccination campaigns are accelerating, while restrictions are intensifying once again. but are these measures enough to stop the spread of omicron, fax data and reports? coven, 19 special. in 30 minutes on d, w. an important question following a sudden cancer diagnosis, which treatment and drugs are most effective? ah, cancer research is in full swing in and what are the benefits of the new cancer drugs and what risks do they come with? the business of home in 75 minutes on the w. i was a view of the weather where i come from that the all that glitters, this go just like this chinese food that's measure where i am with your minds. me a co, after decades of living in germany, chinese food is one of the things i missed the most. but by tak

mark zuckerberg warned of loss of users, and slowing revenue growth. that's our show for now. for more check out our website at d. w dot com slash difference cobra invalid. thanks for watching. ever so successful day a z m. n legal, right for river waters here, city is an all time high. people didn't man radical solutions corporation claim he can handle the crisis. but at the what hot eco, india on d w ah, what people have to say matters to us. m. that's why we listen to their stories reporter every weekend on d w ah .

nevertheless, we are hearing positivity coming out of mark zuckerberg on the statement at least.e have yet to hear him on the call but he says he is encouraged by the progress they made in the past year in a number of important growth areas. virtual reality, commerce. we will continue to invest in these as we work toward building the metaverse. the key question is what the metaverse looks like. also, whose eyeballs they want. >> does that mean i won't go to dinner with you? >> you can eat your steak. correct that sound like a multibillion-dollar business. -- >> that sounds like a full-time billion dollar business. >> gemini is looking to build its own meta-verse. talk to us about the battle and what it is. maybe some of the concerns around facebook or meta is they don't have a big presence in gaming. give us some insight into what that looks like. wise it is clear that not only the metaverse is growing but gaming gets bigger and bigger. we are seeing these massive acquisitions happen in gaming and when you think about the obvious first use cases for the metaverse, gaming is reall

cove and restrictions. yet as daily cases reach, new eyes. religious leaders write a letter to mark zuckerberg asking him to stop plans for instagram kids. ah, believe it or not, this snow has stopped now for western japan. hello everyone, let me show you. so support 00 just the other day. you set a record, a daily record for 60 centimeters of style, but that's all come to an end or pocket of their over the korean peninsula. and also for portions of china, joan jo at 11 degrees that is above average. clouds are drifting around and also some showers in between the gang, see and the pearl river valley. not too far away from grey lynn, with the high of 7 degrees next for go into the philippines and around mid to now some heavy falls here, especially for eastern portions, but pretty much from sebu rate into devout. we're going to get socked with rain, and there is a moderate flood advisory in play here, after se, asia, we've seen about a 150 millimeters of rain over the top end of sumatra, over the past 24 hours. i think much of the same on wednesday could see some flooding through the malay penin

problem here and the reason i'm not racing to buy this stock down 25% is you have to build that mark zuckerberg has to build a building from scratch the way he once did facebook he didn't build whatsapp he didn't build instagram, he built facebook that's what this metaverse thing really requires. he has the cash flows and he has the foundation to invest a lot of money, but can he catch lightning in a bottle a second time they're talking about losses for reality labs and all of the meta stuff going out 10, maybe even 15 years so do we want to make that bet that he can do that? because the core facebook business right now is not in great shape. it's a huge business, but they're facing all sorts of challenges and the growth rate they're talking about, 3% to 11%, that's not going to work for the investor base in the stock. so it's a tough situation. i'm not saying i would never buy it i'm just not a buyer here. i don't know that i want to make that bet that he can do the same thing twice. very few people like steve jobs did that very few people have been able to do that twice >> metaverse is like f

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.

no one will shed any tears for mark zuckerberg. he's still worth $90 billion. bad day, in my book. the numbers are mind boggling. meta, that's the facebook owner, lost 26% in just a single day, worse since this company started trading in 2012. that translates to a loss of something like $232 billion in context around that. that is more than any of the following companies are worth. mcdonald's, at&t, goldman sachs, or ford. that's how much meta lost in one day. why did this happen? they reported this rare decline in profits. and it was really driven by a few factors. the fact that user growth declined. they had an explosive growth in users, no longer. people are flocking to other platforms including tiktok, particularly younger users. meta also said that their ad revenue has slowed down, that's for a number of reasons including some rule changes by apple. and then also meta's plunging down a ton of money on the metaverse, which is mark zuckerberg's vision for the future of the internet built on augmented reality and virtual reality. i think the key here is that

mark zuckerberg is brilliant and i have the greatest respect for him.ll say with regard to cryptocurrency is the world doesn't want a digital monetary network controlled by one company. it doesn't want currency from one company. it doesn't matter whether you are the greatest company on earth. the beauty of bitcoin is it's open, it's common property. nobody controls it. nobody 100 years from now will control it, and that makes it ethically sound. i think jack's frustration is he knows that facebook and now meta could deliver utilitarian economic empowerment to billions of people in an ethical, technically sound, politically sound, economically sound fashion. he is frustrated to see that we all use our power as a force of good. emily: microstrategy founder and ceo, michael saylor, always good to have you on the show. coming up, it's the name president biden won't mention. more on his -- let's call it a standoff with tesla and elon musk. that is next. this is bloomberg. ♪ >> we want to have a portfolio of ev so everybody can truly make the transition. we'r

he had to year of mark zuckerberg.arture could really help avoid embarrassment for the company because the political interests of peter thiel and his candidates sometimes don't go along with that of meta and facebook. he is supporting a senate candidate in ohio whose political action committee supporting him has run ads critical of mark zuckerberg. similarly, other candidates that peter thiel is supporting are pushing the line that facebook helped to steal the election with no evidence to back this up. that they supported biden in 2020 and helped to defeat trump. peter thiel's candidates are pushing that line pretty hard, with peter thiel no longer part of meta/facebook, it might make it easier for him to double down on that. manus: when you see people like peter thiel as it were doubling down on his commitment to whatever this next trump move might be on a presidential, do you think you were going to see more big names move behind trump? is there a new momentum here in the trump run? bruce: well, i think there is a lo

mark zuckerberg's has dropped $31 billion today in a historic loss.mily: let's talk about mark zuckerberg and what he had to say about tiktok. >> people have a lot of choices for how they want to spend their time. apps like tiktok are growing very quickly. this is why our focus on reels is so important over the long-term. emily: what is the since you are getting from employees? we were just talking about the stock knowing up, impacting retention at amazon. how does the stock going down in the middle of a big pivot to the metaverse that no one knows for sure if it will work out -- how does that impact employees at facebook? >> it is not good for morale. this is a company that has been through a lot reputational he, but the stock has always gone up. revenue has always gone up. user growth has always gone up, and now they are hitting a wall. you are an employee at facebook, maybe you did not leave for any of the scandals or during any of the congressional hearings or privacy problems, maybe you thought, i'm still building great things and i can pay my mo

is mark zuckerberg going to get this right?> the way to think about it is, does the ibm mainframe strategy matter today? does having a pc focused strategy lead to success? these can be fine businesses,. the social network is not going away anytime soon. but the future of these worlds were on the cusp of that future already. facebook is losing users to tiktok and roblox. and so whether or not their strategy is right or wrong, they need to focus on the metaverse. the $10 billion hit from at&t and apple's policy changes reiterates the importance of having your hardware and operating system as well. emily: that's companies, what about the regions? do you have a region that you think could win the metaverse? korea recently launched eight metaverse etf's. i wonder what you think. >> over the last 15 years, we've seen an increasing regionalization of the internet for a mixture of regulatory purchases, the eu, and china. also increases in the local market startup community. south korea has been strong for quite some time. southeast asi

i find it fascinating that mark zuckerberg, about six months ago, decided to go public with what these quote other bets really are and what that lottery ticket looks like. does that mean people are now betting against that or is this something else i happen to believe they almost written off the metaverse as a straight up lottery ticket and we see in the market this morning is more function of the here and now >> i think probably right, but lottery ticket is the wrong way to think about it. metaverse is the catch-all for whatever comes next. whatever platforms might be replacing this stuff we make all our money on one reason the heavy spending and i think people are confused by exactly what that money is going toward and the name change if it conveys the idea this is the bet the company type of thing and we feel our core is enough in jeopardy and we make the bold bets, that is not great. facebook ended up in a lot of value investors. those people will say buy back a ton more stock don't talk about tomorrow as much as you are right now. i don't think that jives with the culture at faceb

mark zuckerberg's net worth dropped over 25 million. rival platforms incluting tiktok were blamed.of boris johnson's inercircumstance reel signed amid growing pressure on the british prime minister to step down. the senior aides quit within hours from each other. johnson under fire from his party after it's said he hosted drinking parties while the rest of the country wndovident comese battle against cancer, experience really is the best teacher. or high blood pressu. ...you're a target for... ...chronic kidney disease. you can already have it and not know it. if you have chronic kidney disease... ...your kidney health... ...could depend on what you do today. ♪far-xi-ga♪ farxiga is a pill that works... ...in the kidneys to help slow the progression of chronic kidney disease. farxiga can cause... ...serious side effects including dehydration,... ...urinary tract or genital yeast infections... ...in women and men,... ...and low blood sugar. ketoacidosis is a serious side effect... ...that may lead to death. a rare, life-threatening bacterial infection... ...in the skin of the perineu

there's no doubt in my mind, mark zuckerberg for the first time ever, looked vulnerable last night marke are being impacted by tiktok they are so big and growing so fast, even as we pivot, we don't know if it will be enough. that's what meta said. like, snapchat is not a direct competitor to tiktok investors have been fearful for two and a half years now that tiktok was going to kill snapchat what they forget and is really important is that snapchat is first and foremost a communications platform. that is very different tiktok is entertainment first and is much more like facebook, certainly much more like instagram and youtube. i think that's what investors got wrong. >> and so why is snap doing so well in a relative sense this quarter? is it also down to planning better or just lucky that it's in a slightly different part of the market >> i think it's because users are gravitating towards it they're talking about high teens growth rate in users even in q1. consumers love snapchat. this is not about -- they're gravitating towards tiktok, they're gravitating to snapchat. they're moving a

>> i think mark zuckerberg is making a bid on the meta verse for a number of reasons.'ve been saying this for a number of months what screws meta over is that they didn't control the operating system on the iphones and didn't control the hardware on the operating system. they were controlled by apple. if the future is the meta verse and the future is in head sets, apple will be there. facebook or meta, whatever though caught call them they don't want to be dependent on apple or google or who ever else makes the hardware or operating system they want to be in control of their destiny. >> facebook is open about it all. but apple is behind the scenes doing it when she they show up with gear that's when i'll believe it i don't know anything. >> all the rumors say they are working on some gear we're looking cool in the head sets i'll dom back in a year and a half or some crazy headset you'll ai look cool. >> stephen kovacik covering this section in three years there will be dozens and dozens of head sets and we'll be living in fl. >> that's right. >> great to see you thank

what would you say to mark zuckerberg if you had his ear right now? because it's also tingeing the entire nasdaq red. >> completely agree, liz. and, you know, there's no doubt that facebook is losing the it factor, right? a lot of the younger folks, they don't want to be on meta, they don't want to be on facebook. they want to go on tiktok and other platforms. but let's not forget that we have a very dynamic leader at the helm, and let's also not forget that they still have billions of loyal users. we had wall street alliance group do wealth management for a lot of people that are 50 plus, and they are still on that platform, and they enjoy it. so we feel right now the stock is looking relatively attractive from a valuation point of view. it's trading at about 17 times earnings. so i would tell him to stay the course and focus on meta, because i think this bet on meta is going to pay off bigtime. liz: okay, all right. sarge, before we get to amazon, because you just bought it ahead of the numbers, should investors run screaming right now from the dump

now mark zuckerberg has seen a hit to his personal wealth to the tune of around a $29000000000.00. now, for a man who's worth close to $107000000000.00, that's going to affect him as much as lossless change is going to affect me and you, what zuckerberg has come up with his own excuses. as regards the decline, he says it correlates with the rising popularity of tick tock. he's also blamed apples privacy changes. that's something that's going to cost facebook around $10000000000.00 per year is something that they've fought for months. it gives users the choice to start facebook keeping tabs on their online movement book. there has been a little bit of scrutiny as to whether these excuses stand up from zuckerberg. of course, these are these figures cap off a terrible 2021 for facebook that has been made in controversy and scandal. the last few months of 2021 is also when the facebook, former employee and whistle blower. frances, how going release thousands of harmful documents calling for external supervision. after alleging facebook i was ignoring gets obligations to do something ab

facebook founder mark zuckerberg's personal net worth dropped more than 2$200 billion. on rivals like tiktok. >>> four members of boris johnson's inner circlea resigne. they quit within hours from each other. he's under fire after it was h discovered he hosted more than a dozen drinking parties while under strict covid lockdowns. >>> and experience really is the best teacher. >>> finally tonight, nobody understands what it's like going through cancer treatments unless they've gone through it themselves. >> reporter: emily king is big on finding what works for cancer patients and boxing it up in the fight for life. >> i've had 35 rounds of chemo. >> reporter: you're something of a chemo expert? >> unfortunately, yes. >> reporter: colon cancer, stage four. diagnosed in 2019, when she was 27. >> how can i help this next community that i'm a part of? >> reporter: her charity, fighting with hope, sends these chemo care packages. >> i have mints for nausea. >> reporter: king's chemo tips and tricks. about 30 fixes in every box. >> i don't know what it is. >> it just washed th

and again, mark zuckerberg is late to this.p and the continued growth of facebook while everything was shifting. so he's pivoting. but i would not count him out. he is so intent and incredibly competitive and ambitious. this is a man who sort of sees himself in the light of caesar augustus. he used to end business meetings pumping his fist saying domination. he's incredibly ambitious and competitive. the company has a lot of cash. to your question about how willing he is to see this out, he's incredibly willing to see this out as long as it takes. the question is if actually facebook can make it in time and execute their strategy for the metaverse when there is so much competition and if they can win out. >> i've got about 30 seconds but i do want to understand the role that tiktok is playing in all of this. >> yeah. so tiktok is incredibly popular with younger users. what we're seeing right now is what anybody anecdotally has seen is showing up in the numbers, which is younger people are not interested in facebook anymore. we'

ladies let's start with mark zuckerberg, obviously a rough week for him major damage control after thatere are also reports that say the normal ly robotic ceo tiered up while he was addressing his employees. the company says he actually scratched his eye, so does this make him more likable or less likable, deneen? >> [laughter] that's a no, charles. first of all, competition is a beautiful thing. zuckerberg, can you hear us now? there are countless users on facebook who have lost their pages, have been censored, free speech has been throttled and raise my hand because i'm one of the ones who had my ads taken down, you know, hit with my videos which were reaching millions of people which resulted in me getting fired by blaze tv so zuckerberg, can you hear us now? we have another voice and we have other outlets out there, besides facebook. charles: deneen i'll put you down as a maybe. beverly? >> definitely a no. look this had happened while facebook had a disastrous week maybe people would give him a little bit but the timing is suspect and here is the thing. just make it a conference ca

mark zuckerberg dropped $31 billion today.mily: let's listen to what he had to say about tiktok. >> people have a lot of choices for how they want to spend their time. apps like tiktok are growing very quickly. that's why this is so important over the long term. emily: what is the sense you are getting? we were talking about stock going up and impacting retention, what about these reputational issues after the pivot to the metaverse that no one is sure will work out. how does that impact employees on facebook? sarah: it's not good for morale. this company has been through a lot, reputational he, but the stock has always gone up, user growth has always gone up, now they are hitting a wall. if you are an employee at facebook, maybe you didn't leave over the scandals or the congressional hearings over privacy problems. maybe you thought hey, i'm still building great things and i can pay my mortgage and i can do what i want to do with my life. if your net worth just lost one quarter of its value, you might think about getting anot

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 those 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 a facebook that

complaining, mark zuckerberg complaining that people are over on tick tock instead.. it will be breezy as well, windy day windier than wednesday. you can see why there are more isobars on the chart, a particular cosmonaut of the uk and especially when the cold front arrives across the cold front arrives across the north—west of the country later on. we are still in the mild wedge of area —— air. cloudy breezy start of the day were some spots of light rain and drizzle across northern and western hills and it should tend to fizzle out, increasing amount of sunshine into the afternoon but this weather front will bring the system through to scotland later on. a blustery day was when picking up blustery day was when picking up and turning strong across the north—west of the weather front in excess of 50 miles an hour. for most will be mild, ten maybe 13 degrees and turning colder behind that weather front, five degrees there at stornoway. you can see why the cold air moves in behind the cold front as the name suggests as it slowly works its way south eastwards. lying thro

mark zuckerberg thinks the meta- | about the meta— verse. name given to a series of games and virtual reality experiences you get to using a headset like this one. choose what you want to look like, your avatar and you can start exploring. the question is, how safe is this world for children? it’s question is, how safe is this world for children?— for children? it's 'ust the most shockin: for children? it's 'ust the most shocking breach i for children? it'sjust the most shocking breach of— for children? it'sjust the most shocking breach of any - shocking breach of any responsibility. i am angry because facebook process dizzy levels of safety. this is not a theme park, —— disney. this is a set of virtual worlds where people are at risk of grooming, sexual abuse. the worlds where people are at risk of grooming, sexual abuse.- grooming, sexual abuse. the app says it's workin: grooming, sexual abuse. the app says it's working hard _ grooming, sexual abuse. the app says it's working hard to... _ grooming, sexual abuse. the app says it's working h

what do you want to see from mark zuckerberg, satya nadella, and tim cook?on the economic front, i want them to be imaginative about how they can recruit and retain more talent from rural america, hbcu's and hispanic serving institutions. make more investments across the country as intel is doing. he really believes he has a responsibility to build american manufacturing and is excited about that. i would like all the tech ceos to imagine how they create opportunity in places that have been left out. in terms of the public sphere, that's a much harder question because yes, we need regulation on data, on consumer protection. making sure there is competition. but the government can't be the arbiter of truth. these companies, social media companies, have a responsibility to make sure that the speech they are encouraging is inclusive, that they are being thoughtful in creating spaces for people to exchange ideas and they aren't defaulting to sensationalism that captures attention but isn't really conducive to public discourse. emily: big tech companies say that

it's a concept being heavily championed by facebook found a mark zuckerberg whose company meta is already investing 1000000000 let's find out more about it with yes, steve, on his, the founder and see of i 8 ventures which is a business platform focused on innovating, innovating as they put it thanks a lot for joining us on date of your business to tell us how much the massive us is going to change our lives when it eventually comes to fruition. well, is the met diverse when it comes to fruition is going to change our lives much like the internet has completely change our lives. that is for sure. now. 7 the interesting question of course, is which domain is going to be affected 1st? and that is a very big question. is there a danger when we go companies like disney and facebook investing heavily in the mess of us that we don't end up with just one match of us, but we end up with multiple parallel method. i think that we will end up with 2 versions. one is a particular met to versus by particular companies. and of course the one to mention is the microsoft one where they pay just $70000000

what mark zuckerberg has to say about the miss. >>> and taking a big chunk from stock futures. nasdaq set to open 2% down it is not just facebook. spotify as well. twitter and snap also down big >>> from wall street to d.c., investor attention on three key federal reserve nominations from president biden with one former fed insider is expecting >>> and detroit's all electric ambitions. why tesla has more and more to worry about from the motor city. >>> it is thursday, february 3rd. this is "worldwide exchange. good morning, good afternoon, good evening as always, welcome from wherever in the world you are watching. good thursday. i'm brian sullivan let's get to it. this is how the global markets are setting up your day. dow and s&p are down just a bit. once again, nasdaq is getting all the attention this morning and not in the good attention kind of way. nasdaq futures right now down 2% it is a big move down. now the biggest concern for the nasdaq and tech in general today is facebook. parent company meta. it is set to lose $175 billion in market value after a dismal fourth qua

emily: mark zuckerberg held an all hands meeting to talk about the company's values.o seen andy jassy at a couple of core values to the company. how does that play into this? brad: you want your companies to feel good about where they work. it's not just hr speak, these employees kind of marinate. it's how they make major decisions. it's how they hire and promote. the principals at meta and amazon are all about acknowledging critics and saying that we are conscientious companies. i do think it's important that you try to restore the aura of good feeling. >> microsoft is calling back employees to the office on february 28. they can still work in hybrid, but that's the first company we've seen put a date on it. will other companies follow suit? and will the policy decide the next war for tech talent? >> and we are in the bloomberg office talking about this question. if the pandemic really is ending, let's keep our fingers crossed. i think there is a conviction that they move quicker. that innovation happens when people are in the office and i think microsoft is probably

for came after chief executive mark zuckerberg said that facebook has been losing roughly 1000000 daily years globally between the last quarter 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 re.

the company's value chief executive mark zuckerberg had warned investors in a call earlier that meta expected 1st quarter revenues to decline due to competition for rivals like tick tock. if the stock doesn't rebound before trading resumes on thursday, it will rag as the worst day in the company's 10 year stock market tenure. and one of the biggest one day falls of any company on record. lots to discuss, sir steven presley is here from d. w stephen, how do you lose 200000000000 with a b? remember the valuations on the market are based on a company's their bet on a company's future. and there are 2 things going on here. one is that facebook had some very not good numbers as you just talked about. the other thing that's going on here is that investors are very jittery right now because the federal reserve, which controls the overall monetary conditions in the u. s. says that it's going to raise interest rates over the next year. they don't know how many times it's going to be raised. they don't know to what level it's going to be raised. and so that cuts into company profits. and so ri

you have on the one hand, here is mark zuckerberg.n the word metaverse, which was from a dystopian future of one person controlling everything we live in in the future. what we think is the players, the people, we should decide what the virtual world can look like, especially because there is no constraint in terms of what kind of world we could create and what kind of experiences we should have. i really think that this is a call to arms for everybody to get involved. emily: i'm kind of curious. there is a lot of digital currencies out there that would not have any type of stamp of approval from the s.e.c. i'm wondering what s.e.c.-compliant really means, and what that does in terms of helping legitimize this project. mike: you opened the segment with comments on gamefi. the killer app you are watching today has been speculation. you were talking about the gyrations of the bitcoin price. but really, a virtual currency, a game token, is prepaid entertainment. whether it is chuck e. cheese tokens or robuckx, this is what is fun and saf

the fall came off, the chief executive mark zuckerberg told investors that matter expected 1st quarter revenues to dip due to competition from rivals, such as tick tock, rescue and clean of assets on the way in ecuador z, a capital he tope after floods caused the landslide. these 24 people died after the rainfall the countries heaviest. in nearly 2 decades, a dozen people are still missing. authorities haven't ruled out the danger of fertilizer. beijing will become the 1st city in history to host both the summer and winter olympics, when the latter officially begins on friday with almost 3000 athletes competing for sporting glory over the coming weeks. despite having spent more than 3 and a half 1000000000 euros in preparation for the international sporting event, china has found itself at the center of controversy in the build up. political, environmental, and health concerns have been dominating headlines with sports at risk of becoming a sideshow. joining me now from bay ging is jonathan crane from dw sports. jonathan, you've been a big enough for a couple of days. what's it been li