these are people who have worked with and for mark zuckerberg for more than a decade. they are people that he trusts very completely and also people who are going to listen to what mark says. not that sheryl was at all someone who was saying i'm not going to go that direction, but my point is mark has now surrounded himself with people who he very much trusts and you have worked for him for a long time. when you look at what might be uncertain about this idea of the metaverse, i don't see the company wavering on it because the people that will be talking with him at these important meetings are people he have known for a long time. emily: there are a lot of powerful women at facebook who continue to work there, but david, what do you make of it? sheryl sandberg did a lot to change the world for working women. this has been a key priority of hers in terms of evolving facebook's culture to one that is friendlier to women. david: she served as a symbol of women's success in business. for most of the last 14 years, certainly the last 10 or 11 years she could've left faceboo

these are people who have worked for mark zuckerberg for more than a decade. they are people that he trusts very completely. they are also people who are going to listen to what mark says and believe in the vision that he sets forth. it's not that sheryl was saying she wasn't going to that -- to go that direction. my point is that mark has surrounded himself with people who he very much trusts and have worked for him for a very long time. when you look at the future and white might be -- what might be uncertain, i don't see the company wavering. people are going to be talking with him, people he's known for a very long time. emily: there are a lot of powerful women at facebook who continue to work there. there are no women on that. david: it's a bunch of white men, isn't it? emily: sheryl sandberg did a lot to change the world of looking -- working women. david: she served as a symbol of women's success in business. there's no question. for most of the last 14 years, she could have left facebook at any time and become the ceo of any company in the world. i know

speaking, is that mark zuckerberg speaking?inary >> well, there's a lot of pretty deep technology that goes into this the defining characteristic of the metaverse, and these new platforms is the ability to feel the sense of presence. like you just described. that we were right there together, even though i'm out in california and you're in new york we can sit at a conference room table together and have it really feel like we were a couple feet apart. we could fist bump or give each other a high five, make eye contact, which is hard to do on video chat you have spatial audio, so if other people in the room were having a conversation, i could turn to you and whisper and we could have a side conversation there's all this technology that adds up to making it deliver this realistic sense of presence and that's a bunch of that is a.i., a bunch of it is just pretty deep software systems engineering and good hardware engineering too. but in order to really deliver these experiences over the next several years, we kind of feel like we

mark zuckerberg is a very good person and so is sheryl sandberg. has never been anything like facebook just like google or amazon or apple. i know that they have always done it in a principled manner. i still have faith. mark outlined a team under him most of whom i know. a team of very good highly principled admirable people who have mostly been there for eight or 10 years or more. chris cox who runs at facebook is someone you should have on your air. he is one of the most impressive people i have ever met. he left for a time because he didn't like certain business decisions. he talked it over with mark, returned in the same role. facebook has deep issues to address. you couldn't have better people facing them. emily: don graham, former facebook board member, thank you for joining us. coming up, this is bloomberg. ♪ emily: bitcoin rebounded on thursday. katie greifeld is here with more. >> can't break the spell. tech stocks rose so bitcoin did as well. the $30,000 per coin level is important because bitcoin has been stuck there for the better part

sheryl sandberg writes in this long post on facebook sitting by mark zuckerberg's side for these 14 years privilege of a lifetime. she talks about working with mark over the years calling him a true visionary and a caring leader she talks about how she expected this to be a five-year role, did not expect to stay there for 14 years. and she goes on and on and talks about all the different people she had the privilege of working there. and then she -- and she talks in many ways about what she is so proud of in terms of what the company has accomplished but she says in terms of her future and why she's leaving, i'm not entirely sure what the future will bring, but i know it will include focusing more on my foundation and philanthropic work which is more important to me than ever given how critical this moment is for women she talks about how she's getting married this summer and parenting their expanded family of five children will be in focus. she says over the next few months mark and i will transition my direct reports and i will leave the company this fall i still believe as strongly as

deck this amid reports that president biden will do some face-to-face negotiations >>> plus, mark zuckerberg is losing his number two at meta platforms as sheryl sandberg announces her departure from the social media giant. >>> later on, we highlight one stock bucking those inflation headwinds. it's surging right now in the pre-market it's thursday, june 2nd, 2022. you are watching "worldwide exchange" here on cnbc >>> good morning welcome to the show. i'm dominic chu in for brian sullivan let's kickoff the hour with your money and the market modest moves before the opening bell s&p is up 16 the nasdaq up by 72. some positivity. modest at that this is after stocks pulled back with choppy trading yesterday on the worries of the economy and worrying comments from jpmorgan chase ceo jamie dimon. he said a hurricane is down the road and coming our way. also checking right now on the bond market yields you see yields are ticking higher right now lower actually 2.92% for the 10-year treasury in the oil market, crude is pulling back as investors digest a number of headlines with opec and u.s. gasol

why should we believe mark zuckerberg? >> well, because at times, it has appeared that they were leaders at least in the social media space , facebook has legitimacy because there are many times we actually didn't believe they would fight through very difficult peers including credibility dynamics and privacy issues and socials, so to me the issue here is the so far we are out ahead of so many other companies that i would also think, rising google investing in the meta-verse in this capacity who seemingly they are going to toe with why aren't we hearing about tiktok? this whole hey we are going to invest for the future, there is an expression in investing, you have to be able to eat while you dream. right now i don't think facebook investors are eating too well. i think they have indigestion. the evaluation reflects not only some sense that there is a locality in their business, but we have been talking about facebook and it has been underperforming, it has been a risk, i think there has been a management credibility risk

clearly, mark zuckerberg things this is not the future. why are charles samberg and mark zuckerberg this wonderful partnership, extremely lucrative, why are they parting ways? part of the reasons is zuckerberg is focused on the metaverse which is less dependent on advertising. we have seen apple throw up barriers for companies like meta to track people across different websites. that said, just because apple creates privacy rules, it's not going to stop websites from collecting first party data. inside of apple, inside of facebook. these companies have tons of data, that's never going away, targeted advertising will be a huge business. the question is, is it the growth business it once was? that is to be determined. emily: thank you. coming up, the ipo winter. some call it the end of the era of free money. we will have more on that, next. plus, we will kickoff the bloomberg technology summit. the theme is looking forward. we have a host of powerful players in technology. i am sitting down with andy jassy for an exclusive conversation, you

future to something that not many people -- i'm going to venture to say no one, maybe except for mark zuckerberg, can truly define, let alone how to monetize it. that is the end goal how do you think about this company? >> i think about zuckerberg in the past having faced these sort of existential threats or changes to the business. we've seen it a few times now. you know, we always talk about he did it with mobile when that was an existential threat. it seemed like they couldn't figure out how to do it. and yet they did we've seen him face various challenges i don't know what the metaverse is going to look like, but i think he deserves the sort of benefit of the doubt to spend the money to try to figure it out, right just think about how forward thinking he was when he bought instagram. i thought, wow, that seems like a lot of money, i don't really get it it ended up working out all right, far better than all right. if you want to bet on the metaverse, i think he's a reasonable way to do it, particularly when you've got that money machine attached to it that already exists i like it here i don'

an interview with mark zuckerberg. recession or no recession? he says he is all in non-ai, artificial intelligence, and the meta-verse. ucr hose jim cramer pleasing the meta-technology. on the screen between them, you can see a recording other conference. >> we took a meeting together. that is a new posture for me. it was lifelike in a way that i've never felt. not artificial but not real. natural and whimsical. >> are northstar, by the end of the decade, we have to get to rent 1 billion people nevada verse doing hundreds of dollars of commerce, buying digital goods and digital content. different things to express themselves. whether that is clothing or digital goods or things to decorate their virtual conference room. utilities to be more productive in virtual reality. i think there will be a massive economy around this. >> that's a deal right there. follow the money. he says, we, all of us might be spending money in the meta- verse. they want to master it. zuckerberg says this is the right time first company to add into this direction since it

. >>> sheryl sandberg has long been the second-in-command that meta-, next to founder mark zuckerberg. she plans on leaving the company, but plans on continuing to serve as the board of directors. she was to focus on her foundation and philanthropy. >> she has launched facebook, do you think this is a personal decision for her to work out the foundation? or is this a fallout that has been under the direction? >> she has dealt with personal highs and lows. i think it's become untenable, asked to be the face of facebook and explain misinformation and political disasters and really the web as a nation -- weaponization of social media and she has not contributed that. she made it an advertising powerhouse, she did that extremely well and externally successfully. she created herself a billionaire, many millionaires, i think the tension between her and the company, it just got too much. >> we never saw sheryl sandberg in that role at all. >> she in many ways is a much better phase of the company than zuckerberg. she is more personal. but she has been relegated to a role a little bit behind

issue leaving because there are cracks in the relationship with mark zuckerberg who seems very focused on this meta-verse type of world? >> reporter: maybe both. her reputation took a big hit, no doubt about it. i don't think it will be what it was say in 2015 when there was talk of presidency back then. now, i think she needs to put some distance between her and facebook and, let's be honest, she and mark zuckerberg. she is an author and a successful philanthropist and a leader of women in business. all of those things are needed here in silicon valley and beyond. >> any word about whether she will lay low for a bit before she comes back? she does have her lean an organization which is taken off across the country. how does this abode for other women that the whole point of lean in his you are supposed to follow kind of this ideal that she showed of how to be in a company like senna con -- silicon valley maybe now leaning and has been difficult. >> let's be fair. she leaned in for 14 years and helped build the company into what was the trillion dollar company. she is earned a lot of r

the two talking about mark zuckerberg's $10 billion bet on the virtual reality world and his ultimatest watch interview there that's 6:00 p.m. eastern time tonight. again, jim crammer mad money tonight with mark zuckerberg >>> from the metaverse to france if that's a transition ad executives are gathering at the cannes festival talking about the hurdle and attention for your money julia is live from the french rivera at the festival with the plum assignment. julia, over to you >> reporter: thanks so much, dom. that's right i'm joined now by blake khanly, tiktok's global head of business solutions blake, thank you for talking to us here on the blustery day at the festival. >> a little unusual, thanks for having us. glad to be here. >> reporter: the big question everyone is asking here at the cannes lions festival is what's going to happen with the advertising environment. what's your thoughts with the potential recession, inflationary concerns, et cetera. >> we're all here, first time we've been together as an industry for three years there's a lot of energy we're here to celebrate cre

. >>> mark zuckerberg laying out the north star with his fantasy world. >>> and elon musk is getting real on how much it costs to keep the lights on it is thursday, june 23rd. this is "worldwide exchange. >>> good morning, good afternoon or good evening. welcome from wherever in the world you are watching i'm brian sullivan thanks for joining us. let's get to the markets stock futures are sanguid this morning. they are mixed a couple up. dow futures are down 100 nasdaq up 75 points. all this as the market tried to turn around yesterday. you remember 24 hours ago, stock futures were down big, but in the morning, buyers stepped in and markets were green much of the day. overall, stocks ended lower across the board not by a lot, but in the red listen to this unfortunate stat unless something big changes in the next week, the s&p 500 is on pace for the worst first half of the year since 1962. that is when it lost 23.5% ouch bonds, the 10-year treasury has been moving lower lately this morning, it is back below 3.1% also moving down is the price of oil getting weaker over the last couple

you could say it is mark zuckerberg's. are so many factors at play i don't think you could pin it on one person. jonathan: the elephant of the last 12 months is the performance of the name. it has been terrible, brutal. hyper sandler out this morning, cutting the price targets on snap come on pinterest, downgrading to neutral from overweight off the back of what they see as slowing digital advertising spend given the headwinds of the industry. what do you make of what is going on at the moment for this name and others, exposed to the world that sheryl sandberg helped create? brian: i think the issues are one of expectations. where do you divide and distribute the blame for that one? i think the reality is they had this ridiculously strong pandemic. they did so much better than you could have realistically expected. they did catalyze some growth, but i think they capitalized in circumstances that were way outside of their control. the digitized nation -- the digitalization of the economy during the pandemic was something th

one, i hear you just informed mark zuckerberg about this decision over the weekend.bout the bobby kodak related investigation. they said that that is closed and that her departure doesn't have to do with that but it seems to me that facebook meta isn't replacing sheryl sandberg as you mentioned, she had a hand, a leading hand, in the creation of both of the leading advertising models that are dominating the space right now and she's also kind of this diplomat who seems like she could be in the state department at a time when meta is being cast more as a state level power. so give me a sense of, it's kind of early to do this, but the legacy of sheryl sandberg. it's complicated she also gets blamed for not understanding, seeing the future, how these platforms and connecting people would get taken advantage of and undermined how do you piece all that together to figure out her impact >> it's a fair question. i, of course, am biased as a huge fan of hers and so i don't think their legacy is complicated at all which is this is a half a trillion dollar company that she and

i just bought it and i think i'm down 18% i would never, never count out mark zuckerberg.a space. why can't he capitalize on this next ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. lemons, lemons, lemons. the world is so full of lemons. when you become an expedia member, you can instantly start saving on your travels. so you can go and see all those lemons, for less. >>> final trades and you're adding to one of your positions. >> i'm adding to disney. the share price is where it was when theme parks were closed in the middle of the pandemic excludeing the streaming business about 12/13 times earnings they're in 80 countries in streaming. they're going in 80 more i like this company. according to my discipline, i have to buy them when they're down if the business is in tact. >> as the potential for the economy to slow and stall, hea

how does mark zuckerberg is at arguable he's given us clear goals to profit from propaganda?i'm going to ask that one of him. n >> he's never given you another interview. >> no, he hasn't. >> but the parlor guy did but that didn't turn out well for him. >> yeah i see why people argue that. >> go ahead. >> i think that's a legitimate argument. he knows what's going on. he knows what he is created. >> is one of the richest people in the world. >> i would ask one more question. >> sorry we didn't get to do more. >> e-mail, a e-mail. >> it's time kind of a tough question. there's an dark aspect of human delusion and cruelty and does it change your view about society leaving you more or less hopeless and how do you keep despair at bay? >> while where's the baseline right? >> how do you keep despair at bay while writing this book? it's an incredibly depressing topic. >> i always feel a little uncomfortable and a lot of people have asked me that. a woman i know says hey that woman over there in the salon wrote this book about sandy hook and the bowman was like she must be a downer.

she's spent 14 years working alongside its founder, mark zuckerberg, to propel the platform to globalerg, who'll stay on meta's board, said it was time to write the next chapter of her life. our north america business correspondent michelle fleury has more. sheryl sandberg, facebook�*s chief operating officer helped transform the company from an upstart social network into a tech giant. shejoined facebook 14 years ago and helped build the company's online the compa ny�*s online advertising the company's online advertising operation into one of the internet�*s most profitable businesses. she also helped expand facebook�*s reach outside of america. but her high—profile role alongside that of co—founder mark zuckerberg also made her among the most recognisable figures tied to facebook was in various scandals including data privacy and misinformation issues. meta's chief growth officer will take over her position when she steps down. she will however continue to serve on meta's board of directors. she wrote to make a face post, to say it hasn't always been easy is an understatement. but i

now mark zuber -- mark zuckerberg wants to change that. >> this is a big bet.show people content that they have not already expressed interest in and the hopes of helping those people build a following as creators. it's very risky. it flies in the face of all the generation you have done, you have decided who you want to follow and who you are friends with. meta is deciding it thinks it has something to show you that might be better. it might or might not work. so it is a big moment of experimentation and they are really betting the company on this because if they cannot make money from this pivot, they will not be able to fund the metaverse and will not have the creator relationships they need to take into the metaverse eventually. emily: how are creators looking at the difference between tiktok and facebook or instagram? >> they have their audiences on instagram where they really have a back-and-forth relationship. it is easier in some ways than on tiktok. but tiktok offers people an opportunity for more followings and is considered an easier place to become

how is mark zuckerberg? no worse than alex jones. is it arguable that he is worse given his clear goal to profit from facilitating propaganda lies and hate. that's a good question. i'm gonna ask that one of him, but go ahead. he's never given you another interview. no, he's never going to cost me. no, yes. so but the parlor guy did that didn't turn out well for him. yeah the yeah, i you know, you could argue i could see why people argue that you know, i mean, it's one thing to know. yeah. okay, we have time okay. we'll okay. go ahead go finish it. okay, we're gonna yeah, i mean, not really i think that that's legit argument that right, you know, he knows what's going on. yeah. he it's been too long. he knows what he's created. he just can't control it and he's he's one of the richest people in the world. yeah. all right, so i'm gonna ask one more question. me see which one see they're all so good. sorry. we didn't get to that's okay. i think this is the same email email me. yeah, it's these are the same one. i'm gonna read them both

so very famously in 2018 when mark zuckerberg was on capitol hill being questioned by the senators. i, one of them asked him, you know, how do you make money? it facebook as a free service? where if so, how do you sustain a business model in which user stump? if your service center, we run ads, how do they sell as they so as based on the data that they're gathering of our clicks when we're using the platform or instagram or what's app. and in fact, facebook's cookies actually follow us around the internet as well. and using that data, which is a treasure trove of information, they sell that to advertisers and say, we can get people to click on your ads and buy your products. and that's why it's so important that we remain on the platform. they wanna suck us in. that's how they make their money and that's what they look after. over everything else above our democracy, above public safety. president joe biden's administration wants to combat radicalization . i'm not wholly optimistic. like i used to be. it's not gonna be a flip of a switch, and suddenly the u. s. will be disinformatio

mark zuckerberg wants to change all that. i'm joined by bloomberg stec at her. -- tech editor.are they doing here and will it work? >> it's a big bet to focus on showing people content from people they don't already follow , that they haven't already expressed interest in and the hopes of helping those people build a following as creators. it's really risky because it flies in the face of all the cure ration you've done of your feed. you decided who you wanted to follow, who you are friends with, etc. meta thinks it has something to show you that might be better. it might or might not work. it's a big moment of experimentation. they are betting the company on this. if it can't make money from this pivot, then you won't be able to really fund the metaverse. they won't have the creator relationship that they need to take into the metaverse eventually. emily: how are creators looking at the differences between a tiktok and a facebook or instagram? sarah: creators have their audiences on instagram where they really have this back and forth relationship. it's easier to connect on in

how is mark zuckerberg no worse than alex jones? is that he is worth giving facilitating propaganda and hate.ro >> i'm going to ask that one of him but go ahead. maybe he's giving you another interview. >> no, he isn't t. >> a parlor guided, that didn't turn out well for him. >> you could argue. i see why people argue that. it's one thing to know. >> go ahead. >> yi think that's a legit argument. he knows what's going on. it's been too long. he knows what he's created, he can't control it. >> is one of the richest people in the world. i was asked one more question . we're also good. we didn't get to more. email. >> these are the same e ones. i'm going to read them both and it's kind of a tough question if plunging into a dark aspect of delusion change your view about our society would you more or less be hopeless and how did you see the despair at they are writing this. >>. >> more or less. >> howto keep despair and a while writing this book . >> is incredibly depressing,. >> i always feel a little uncomfortable a lot of people have

he felt comfortable. >> mark zuckerberg is cool >> he is cool. listen to me for a second. between daren woods and mark zuckerberg, i'm going with zuckerberg >> i'm hanging with woods. i did a lot of hanging with daren woods, the ceo of exxonmobil we'll talk more about the markets this morning jim mentioned an important point, which is what happens in 2040 when all the vehicles are electric and the demand for gasoline is far lower than it is daren woods says that will take us back to 2014, 2013, in terms of the demand for our earth according to models. why? he says chemicals. listen >> as the ceo of a plant like this, what are you looking for, if anything? what's catching your eyes as important? >> when i zo a plant visit, i'll talk to the operators doing a job. one of the critical factors to successfully managing safety is keeping their head in the game the whole time it gives me a chance to talk to people doing real work in a day, this is where the money is made. >> this plant spread over 1,000 acres, is a joint venture between exxon and a saudi company. earnings last yea

i thought mark zuckerberg laid out the foundation for the metaverse and how he is planning to capitalize for the next five to ten years and put it in perspective. meta trading at 12 times earning. the russell rebalance into the value index and the ability to underwrite meta at five times. you have very real concerns in terms of the advertising budget slowdowns. you have concerns on tiktok, but at the end of the day, that is factored into the current valuation given underwriting meta >> i thought the interview was so important because it provided clarity on what exactly they are doing. obviously investors have not given them credit for it as far as the stock price goes. are you comfortable with the facebook valuation >> you have meta with $15 billion to $20 billion a year in facebook reality labs. that is the investment in the metaverse. despite the significant investment for the next five to seven years where they are generating no rerevenue, you are still underwriting meta at five times. we have shares overweight. that makes sense when you think of the investment they are making and des

how exactly will you go after mark zuckerberg?ink we will sue for the defamatory statements that kyle engaged in mass murder and for violations of section 230 by taking down posts that told the truth about kyle. in essence they suppressed the truth by taking down truthful posts and they did that in violation of section 230. that does not provide protection . >> that's exactly right. it's not that they just defamed him but they also took down any defensive him or the facts abou him dealing with the vaccines and other things that were in ukraine. i appreciate what you all are doing. thank you both. thank you, todd. >> thank you, tucker. >>> we are not sexualizing children. they are, aggressively. new video of little kids at a drag queen event in texas. sexualizing children for sure. that is next. ♪♪ dads are special. fun. inspiring. always there for you. so make father's day extra special with gifts he'll love from weathertech. floorliners... cargo liner... seat protector... sunshade... ready-to-wash system and cupfone. or our newes

the position she held since joining in 2008 as mark zuckerberg's number two and resident adult in the room together, they turned the social media company into the advertising giant. one point, the company was worth north of $1 trillion the current chief growth officer javier olivan will take over sandberg's role in the fall. she will stay on the board she wants to step away or is this a sign of mark? >> there have been rumors out for a couple of years of tension that may or may not have built up between the two she was brought in as a washington insider to help navigate and build the company she did build the company. there is more pressure from washington i don't know anybody could have side stepped that given the reach of the social network and i involvement from washington and the need for facebook or meta to side step the direct attention and negative implications that come from that she will still be on the board she is not leaving entirely. >> it is a long run to be a top two of the company that size and complexity she was responsible for monetizing the business which has been a

and as you said, these are the analogy that sticks with me that mark zuckerberg built the city without police or fire departments, without sewage treatments, without trash pick pickupand we all have to live i. what happened to shift that because he didn't get them to start to pay attention. >> public shaming, and in the book there is a great incident where cara interviewed about alex jones and asked him before you even sat down and out before they were even recording such. he said that's ridiculous. and he said no, you are. essentially he said he was going to make me and i said me. i brought it up right away. and thinking that he would avoid that question of alex jones, they segued right over to the holocaust. of those people are just mistaken. he said they don't mean to lie and i felt it was the definition of the holocaust. i wasn't surprised by what they did. we were talking about alex jones and he felt uncomfortable because at the time it was getting a lot of attention. he said let's move onto the on e like no. and i was instead of saying this, of course they need to lie. that's the

so you have mark zuckerberg very much the public face, the founder and chief executive there.sandberg is the driving force behind the adult in the room type comments. but she is the driving force behind turning that company into an advertising and revenue-generating behemoth. at first it was her role at steadying mark zuckerberg's hands but she did become one of the most powerful business leaders in the world and in fact a billionaire because of her efforts over there. now some industry watchers feel that it was in the works for a while. sandberg's responsibilities were being transferred to other top company lieutenants, say sources familiar and now that facebook has kind of rebranded itself, right, kind of recast itself in this kind of metaverse, universe, this next business for the company around virtual reality and the next evolution of the internet, it may be providing a good opportunity for sandberg to step back. now, by the way, she's still on the board of directors so it is not like she's stepping away completely. but just more of the day-to-day operations. this is a co

i love that mark zuckerberg interview with jim cramer.pal last month, some snap last month i'm thinking about some names that could be up 200, 300, 400%. those names now in value territory are starting to pique my interest. >> do they have to be profitable for you? do you make a distinction? >> yeah, well, it's funny. no one has cared about gaap profitability in a long time we have it in meta and facebook. i think expectations have come down low enough. snap is a little bit more of an interesting one. but to me with an enterprise value of $22 billion, far less than what elon musk is going to pay for twitter if that deal does go through at $54.20, i think that's value and ultimately i do see that moving to greater profitability as they figure out different ways to monetize i also like that evan spiegel endorses musk's plan for a super app. >> dan nathan, pleasure having you. have a good weekend, my friend. >>> as we go into the close, we're soaring here and we do have that russell rebalancing into the close the nasdaq is up 3.2% as we go i

i think some of those came willingly and some of them were strong suggestions from her boss, mark zuckerberg, and by the end, she was only focused on promoting businesses which is a pretty good line of work for someone whose title is coo so i think she's been looking to leave for a long time and she decided this is as good a time as any >> i don't know exactly, casey, to put this, but is facebook a riskier company without sheryl sandberg >> you know, it's hard for me to argue that it is, if only because i do believe her influence has been shrinking for some time now. she has not been particularly interested in this pivot to the metaverse. she hasn't ever had much to say about the company's hardware initiatives. so if you look at where facebook wants to be in five years, sheryl sandberg hasn't had much to say about it so for that reason, i think there are a lot of risks associated with being a meta investor right now, but whether sheryl is there or not i don't think is one of them ina, how do you react to what casey just said and contextually to what he just said and is meta ariskier place no

working on growth and now i'm spending more of my time safeguarding the company >> meta's ceo, mark zuckerberg, in a facebook post today praising sandberg's accomplishments. both he and sandberg today talking about the deep executive bench and a reorganization that they have done to streamline leadership as she departs. zuckerberg saying he will miss working closely with sandberg. shep >> julia, thanks very much >>> back to the breaking news now. this is tulsa, oklahoma. where we now know a gunman has gone on a rampage inside a hospital authorities tell nbc news three to four people have been shot and killed multiple other people are injured. i do have some updates as well, as we look in at local reporting. for one, the police have found what they believe to be the car that belonged to the shooter who police say is now deceased they're on scene they have confirmed the active shooter. just about 6:00 p.m. eastern time, so 5:00 p.m. central in fact, the first 911 call was 4:51 p.m. central time they went to assist, the fire department went to assist. we know the shooter went to the second floor

is it the technology that millennials like mark zuckerberg and jack dorsey created or you know, what are the roots that go beyond it? well, let me think just about about that. first point that you made. i'm no better at age 15 than the millennials and then you work if i had these tools i'd be doing the same thing. i already knew it all when i was 16. i don't need to learn anything. i i got it and i don't want to listen to my parents or some some guy with a round face and a mustache named walter talking about watergate. oh come on, but that wasn't the only screen in the house. there wasn't another screen for me to check into there was only one phone in the house. we didn't have the term landline and it had a cord it had a cord you had to put your finger and you know turned seven times and it wasn't private. it was in the kitchen if i want to call a girl and try to mumble my way through stumble my way into into a date. and i didn't you know as uncomfortable being being around with my older sister my parents around yuck. but i so i couldn't go to my room. so this is not about the the mo

. >>> jim cramer interviewed mark zuckerberg on "mad money." they spoke about biduilding the metaverse. >> we feel we need to develop the stack. from the hardware all the way up to the software and experiences on top of it we will do that. that's a big focus for us. we are at this point a company that can afford to make big long-term research investments our north star is by the end of the decade, we hope to get to 1 billion people in the metaverse. i think there will be a massive economy. >> the investors cut the market cap in half and as the users decline for the first time between the last two quarters. mark zuckerberg talked about the potential recession and how that will impact shorter ai investment >> we will continue to make investments. we will modulate it a bit if there is a recession we will invest heavily >> i would like to see jim and mark zuckerberg in the metaverse. they hung out there a little >> they did? don't gas prices go down in the metaverse? >> if you never move >> yeah. >> sure. i don't think that's -- >> cost a lot to po

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david: what did you see in young mark zuckerberg?nk this would be one of the best companies in the world, or you just said, i will take a chance? reid: facebook had already successfully launched a product that, when it opened up a campus, when i did the investment it was strictly only a kind of a university campus network, not the whole world. when it opened up to campus, six weeks, 80% of the campus was using it. you could look at the usage curve and say this is interesting. the person who created this is interesting. even though back then mark was quiet, tended to not talk very much, long pauses, minutes long pauses in the conversation where you are like, is this conversation over? he was smart and you could see the trajectory facebook was on was interesting. david: let's talk about this. you are an angel investor, you are doing really well with people coming to you with deals. while you might miss one or two, basically you are doing quite well. why did you join a firm called greylock, a venture capital firm, and why did you need t

years, which is an eternity to silicon valley, sandberg has been the second in command under mark zuckerberg. she's currently the coo. sandberg will leave that up to the parent company of facebook and instagram this fall. she will continue to serve, though, on meta-'s board of directors and says, she's not sure what the future will bring, but wants to focus on her foundation and philanthropy. cheryl samburg, writing in a facebook post today, when i took this job in 2008, i hoped i would be in this world for five years. 14 years later, it's time for me to write the next chapter of my life. >>> we've never seen this before. a mountain lion in english class. the big cat walked right into a classroom at a high school that was certainly no ordinary day on campus. tonight, that 6-month-old pup is at the oakland zoo. new photos of the little guy. the zoo focused a health assessment and say, they are underway. otherwise, healthy. he's a also most likely an orphan and too young to go back into the wild. so, this mountain lion will likely stay in a zoo for now. here is andres castille for nbc news. >>