are you in agreement with mark zuckerberg and with ray wayne that we need to be patient here?eed to be patient here?— patient here? i am. i think we should be _ patient here? i am. i think we should be thinking _ patient here? i am. i think we should be thinking about - patient here? i am. i think we i should be thinking about longer term. if you have matter made to be the go live, the leading platform. we need to think about if you are making profits, they are as predicted is better, we need to think about what we investigate in the future. meaningful investment and how we approach that should be good news for industry. it that should be good news for indust . , , industry. it is interesting because _ industry. it is interesting because matter -- - industry. it is interesting because matter -- manl industry. it is interesting i because matter -- man has industry. it is interesting - because matter -- man has been because matter —— man has been through with years in the sense mark zuckerberg did this huge launch, a lot of capital expenditure that spooked investors. in the last

mark zuckerberg wore a chain and nothing is the same. i think a.i. is expensive. it makes sense that investors are nervous about that because the reality is last time zuckerberg went on one of the tangents in the metaverse was not good the difference is there is a "there" there. they have the data which you cannot overstate the importance. i think that this bet is going to payoff. >> people are scared when you have eps doubling year over year it is hard to be scared with that revenue growth. it is on the soft guidance on the increased spend. you said the chain thing, hilarious. the company took off with mma, but the chain is derailing that. we have to track that. he dipped into the metaverse is when the trouble started looking at the numbers loss of $8.5 billion. >> i think he should give it up. we see apple with the vision pro which will not happen. the market has not embraced this technology no matter who is selling it to them i like to see them get more from the metaverse. when you look at the thnumber, t is a weird pet project >> i want to talk about something

mark zuckerberg was cognitive on this call but what he tried to do was say trust me end bear with me i've got a plan for ai to have an impact on the existing business. explain what we learned. kurt: he was saying this is not anything that's going to return to shareholders quickly but be patient, he said smart investors will see the benefits of this long-term plan. suggesting that anyone who is savvy or who sees the future like i do they will be in this stock even though it's taken a short-term hit. it's a little bit combative. it's one thing we don't necessarily hear from him which is pleading to investors be patient and hang tight. you've got to whether a little bit of the turbulence in the meantime. ed: when you look at the fundamentals of this company, you and i would -- were discussing before the earnings print where do we look to see if there is evidence that the ai is impacting the top or bottom line. i looked at the impressions growth i look to the pricing growth because this is an advertising based business. what did you see in those numbers? mandeep: it continues to be impre

. >>> and meta shares sink in the trade despite the beat on earnings as mark zuckerberg rekindles fearsf a.i. spending. >> we have shown we can build leading models and be a leading a.i. company in the world. >>> welcome to "street signs." we start today's show with the acquisition news bhp confirmed it made an offer to buy london listed anglo american with the share capital of 31 billion pounds anglo america is looking to review the offer a significant potential deal here we have karen tso joining us karen, outline the potential deal >> we had this discussion a few years ago. we were all puzzled. we were staring out into the abyss looking for the acquisition. something changed last year. the san pcompany is preparing fe future copper is no longer discussed as dr. copper it is now dr. green in the energy transition and future tre trends copper is in infrastructure and power grids and consumer products and smartphones you see why it is pivopivotal. bhp has consolidation attempts with anglo america it is pivotal. we are talking about the proposal in discussion with shares you see the esca

we saw mark zuckerberg say the metaverse will be this big thing, you just have to believe in me. that has not materialized. the stock has done great but for other reasons. so if there is some scar tissue when you think about the company has done over the last couple of years with their spending and what mark zuckerberg is pledging to people today. paul: all right. bloomberg technology reporter kurt wagner on the meta earnings. our next guest is cautious on the ai sector as well. joining us now from singapore. i want to start with may be teasing out the meta earnings a little more. is this a bit of a metaphor for the sprays -- space more broadly for you because i know you have been liquidating some of your tech positions in the u.s. why is that? >> beginning in march we noticed the data coming in justified for maybe two rate cuts this year. as we entered april we noticed that we might not get any rate cut at all. and data came in from the ecb laying ground for one rate cut during the summer. and that would dramatically increase the value of the dollar as the interest rate differen

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so this is the mark zuckerberg and the jeff bezos of the world. we have to think about what it means for, our political future. if you're going to have a small group of extremely wealthy tech pros and oligarchs who are, you know, figuring out how we're going to solve climate, figuring out how we're going to regulate artificial public health, public education, the line we have to ask if the world we want to live in or do we want to address the bill gates problem right now. and the last thing i'll say is that if in this book i'm really pushing back on political failings them in bill gates and the gates foundation, they always talk their optimism. they even trademark this, i think, impatient, optimist so i am also an impatient optimist. i believe another world is possible a world without billionaires. questions questions. right now of course. yeah. okay, perfect. thank you so much once again for writing the book. did you have stop it? i'm interested in the book because i working global health. but i've been following your writing for a couple of year

mark zuckerberg�*s meta is doubling down on its virtual reality push, allowing hardware companies tod tonight. hello and welcome to asia business report. i�*m steven lai. meta is making big strides in mixed reality, announcing it will allow hardware makers to make headsets powered by its own operating system. our north america business correspondent — erin delmore has more. it looks like the iphone versus android wars are making their way from the cell phone world and coming to virtual reality headsets. meta executive mark zuckerberg says he will offer his vr system meta horizon to hardware companies like lenovo and microsoft. what it means for consumers is you headsets that run on the same software and operating system as meta�*s own headsets, the quest 3 and pro. mr zuckerberg talked about wanting to run on quest or any operating handset. that is akin to android�*s flexibility to integrate with other products. in contrast, he called apple�*s ios system is closed. apple is offering its headset, the vision pro, $3,500 us

mark zuckerberg's meta is doubling down on its virtual reality push, allowing hardware companies to buildffs, tesla is facing some serious troubles, ahead of the release of its quarterly report card tonight. hello and welcome to asia business report. meta is making big strides in mixed reality, announcing it will allow hardware makers to make headsets powered by its own operating system. 0ur north america business correspondent — erin delmore has more. it looks like the iphone versus android wards are making their way from the cell phone world and coming to virtual reality meta executive mark zuckerberg says he will offer his sister met a horizon to hardware companies like lenovo and microsoft. what it means for consumers is you headsets that run on the same software and operating system as meta because �*s own headsets, request three and pro. mr zuckerberg talked about wanting to run on quest or any operating handset. that is a kenta android's flexibility to integrate with other products. in contrast, he compromised —— he called apple's i0s system is closed. apple is offering its headset

what mark zuckerberg's meta says it's doing to protect them. y dawn powerwash dish spray.ower, helping you buy better. i was stuck. unresolved depression symptoms were in my way. i needed more from my antidepressant. vraylar helped give it a lift. adding vraylar to an antidepressant is clinically proven to help relieve overall depression symptoms better than an antidepressant alone. and in vraylar clinical studies, most saw no substantial impact on weight. elderly dementia patients have increased risk of death or stroke. report unusual changes in behavior or suicidal thoughts. antidepressants can increase these in children and young adults. report fever, stiff muscles, or confusion, as these may be life-threatening, or uncontrolled muscle movements, which may be permanent. high blood sugar, which can lead to coma or death, weight gain, and high cholesterol may occur. movement dysfunction and restlessness are common side effects. stomach and sleep issues, dizziness, increased appetite, and fatigue are also common. side effects may not appear for several weeks. i didn't have

meta executive mark zuckerberg says his company will offer its virtual reality operating system calledeadsets that run on the same software and operating system as meta's own headsets, the quest three and the quest pro. mr zuckerberg talked about wanting customers to be able to run content on quest or any meta horizon operating system headset. that's akin to android's flexibility to integrate with other products. in contrast, he characterized apple's i0s models as being closed. that is only functioning with other apple or apple enabled products. apple is offering its headset the vision pro for 3,500 usd and that's expected to remain the costlier product. but the entrance of new products into the field and at different price points could threaten to give apple a run for its money.

as you cited, you did have the higher full year both op exand capex guidance and comments by mark zuckerberglean into ai investments. >> has zuckerberg deserved the right to be considered a disciplined spender and would not cross over into areas that are not eventually monetizibility >> i don't think so, yet i think they're toying with we still have the facebook reality lab still on track to losing $20 million, it has to do with ai and the core instagram, facebook, advertising business, and they may want to shift some of that spending kind of on a reporting basis back to the core so no, i don't think he's kind of entirely, you know, earned his way out, but i think when being the fastest growing company in advertising, that does earn him a lot of street cred. >> he's invested in the past reality labs, still to be determined, but certainly many of the investments they've made have paid off significantly. what do you think ultimately some of the products that are now being invested in, what are they going to look like when it comes to what this company is doing? >> yeah. i mean, at this point,

meta ceo mark zuckerberg piqued investors' interest when he predicted 2023 would be the year of efficiency them over when he delivered on it. the stock nearly tripled last year. this year, meta shares are up another a0%. but on wednesday, meta released its first quarter earnings report and shares initially slumped during after hours trading. facebook�*s parent company did beat expectations on revenue and earnings, but it disappointed on its revenue forecast for the second quarter of the year. higher expenses also weighed shares down. so wednesday's earnings report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of generative aland drum up advertising revenue in an increasingly crowded market. i spoke to tech analyst ray wang of constellation research, and asked him what he made of meta's soft outlook. they outperformed in their results, but the challenges, ai is really expensive when it turns out you're off by a couple billion dollars, almost $5 billion in cost

if you could join me in the round of applause for the department of justice, >> in 2012 mark zuckerberg announced he hoped facebook would quote rewire the way people spread and consume information as well as transform many of our core institutions and industries. a development that recently made that possible was the rise of the smart phone which helped us not only check on our high school friend means but surf the internet, watch movies, share pictures, play games and in short, be destructive from the rest of the world around us. they clearly read wired the quote. in 2008, is google making us stupid? because of the good old days. by 2000 times, it's worth asking, are smart phones and social media thinking is antisocial? are they disconnecting us from families and communities? we are fortunate to have with us doctor jonathan hite. ethical leadership near diversity and author as the modern truth and agent wisdom. the american mind. good intentions and bad ideas for setting the generation of for ferrier was recently great we were childhood causing an epidemic of mental illness. since 2018

meta executive mark zuckerberg says his company will offer its virtual reality operating system called meta horizon to hardware companies like lenovo and microsoft. what it means for consumers is new headsets that run on the same software and operating system as meta's own headsets, the quest three and the quest pro. mr zuckerberg talked about wanting customers to be able to run content on quest or any meta horizon operating system headset. that's akin to android's flexibility to integrate with other products. in contrast, he characterized apple's ios models as being closed. that is only functioning with other apple or apple enabled products. apple is offering its headset the vision pro for 3,500 usd and that's expected to remain the costlier product. but the entrance of new products into the field and at different price points could threaten to give apple a run for its money. meanwhile, tesla's shares hit a 15—month low in the monday trading session on wall street, after the company announced price cuts for its cars in several key markets. it also lowered the price of its premium driv

meta executive mark zuckerberg says he will offer his vr system meta horizon to hardware companies like lenovo and microsoft. what it means for consumers is you headsets that run on the same software and operating system as meta's own headsets, the quest 3 and pro. mr zuckerberg talked about wanting to run on quest or any operating handset. that is akin to android's flexibility to integrate with other products. in contrast, he called apple's ios system is closed. apple is offering its headset, the vision pro, $3,500 us and that is expected to remain the cost of their product, but the entrance of new products into the fields and at different price points could threaten to give apple a run for its money. meanwhile, tesla's shares hit a 15—month low in the monday trading session on wall street, after the company announced price cuts for its cars in several key markets. this comes just ahead of the ev maker's quarterly results tonight. our business reporter david wadell takes a look at what to expect. it is proving to be a tricky period for tesla. its shares have fallen by around 40% from t

meta was the issue for spending and mark zuckerberg's comments. >> thank you, kate. let's get more insight on amazon which reports after the close today with daniel newman. daniel, good morning. kate hit on a number of points. cloud computing show revenues for aws increasing 15% year over year. is that good enough after the jump we saw from alphabet and microsoft? >> amazon has a tough situation. the speed of growth with google at 30% and microsoft in the mid-20s. amazon has slowed down in growth compared to the competitors, but being the largest for the longest time, it is still a law of numbers. everybody wants more growth and they want it faster. aws that's show it can compete with the rivals. i don't think it is just about how fast cloud is growing, frank. it is about how much they can compel the market that their a.i. market solutions and capabilities are competitive with google and microsoft which seem to have more of the finesse. amazon came later with the bedrock and anthropic partnerships. people will look at the levers and look to see if it will grow quickl

we had mark zuckerberg saying to investors, "be patient, please." it will take a long time to see results from this. he said if you are a smart investor, you will understand that. but the stock is down. it does not seem like that messages holding this morning. i thought mandeep singh from bloomberg intelligence had a good sum up of what is going on. he said the increased cap spending could be tied to the investments in generative ai. when you look at the losses in reality labs, it suggests the company is unlikely to see upward revisions to the free cash flow in the near term. the stock still has 67 -- 62 buys, seven holds, and only three sells, according to bloomberg. katie: if there is anything we know about markets, it is that they are not patient. tell me about caterpillar, also having a rough morning. >> down over 8%. they said they expect deceit second-quarter sales fall. dealer inventories fall. the adjusted eps for the previous quarter did beat. the revenue missed, but only slightly, $15.8 billion versus estimates of 16.12. it seems the bar w

also topping the list elon musk, jeff bezos, mark zuckerberg and bill gates.om chase peterson withorn, who oversaw the compliation of the list. it's a banner year for billionaires. as you said, there's more than ever and they're richer than ever — worth $14.2 trillion, which is $2 trillion more than last year. so, some of the major trends are stock markets around the world in a lot of the world are up. and these people, by and large, are some of the biggest beneficiaries of the stock market because they own large shares in publicly traded companies around the world. and so, you know, as markets are up, these billionaires are up. and you can see that especially in technology, tech stocks are going through the roof. there's a tonne of enthusiasm for al. and so we've seen a lot of new billionaires come into the ranks this year who have ai companies or who are using ai in their business. but it's also really boosted the values of a lot of, i guess, traditional tech billionaires, people like mark zuckerberg as well. so, banner yearfor billionaires, especially for a

business, but it is also really boosting the values of a lot of traditional tech billionaires, like mark zuckerbergr yearfor billionaires, especially for anybody who has anything to do with al. billionaires, especially for anybody who has anything to do with ai. 50 that's who has anything to do with al. so that's the way to do it. centi—billionaires, that is 11 zeros, if you can even imagine that — what are they doing that is so right and where am i going wrong? right at the top, you have mr louis with tom —— louis vuitton. right at the top, you have mr louis with tom -- louis vuitton.- with tom -- louis vuitton. that's riaht, with tom -- louis vuitton. that's right. and — with tom -- louis vuitton. that's right. and he _ with tom -- louis vuitton. that's right. and he is— with tom -- louis vuitton. that's right, and he is ahead _ with tom -- louis vuitton. that's right, and he is ahead of - with tom -- louis vuitton. that's right, and he is ahead of elon - with tom -- louis vuitton. that's i right, and he is ahead of elon musk. elon musk isjust right, and he is ahead of elon musk. elon musk is jus

that is the message from mark zuckerberg, the patient, trust us.ng to cost us billions of dollars to get there, but we will get there. when does this business he serious topline growth from ai? apparently it is coming. whether investors believe it, well, we will find out in the markets. this is ed ludlow for bloomberg news in san francisco. paul: let's take a look at some of the asian tech movers in the asia session at the moment. some reasonable declines going on here off the back of that meta earnings disappointment. rakuten off but almost 2% at the moment. the big name that moved today was sk hynix. south korea's second most valuable company really reporting blowout first-quarter numbers. net profits coming in at 2 trillion korean won. that turns around a big net loss for the same quarter the previous year. the company saying the results due to their high-bandwidth memory. other advanced chips for ai data servers as well. let's look at boeing suppliers as well. boeing, as we were just discussing, seeing its credit rating downgraded to one notch

mark zuckerberg found wall street religion.n use all the strong performing business committing to a dividend with stock buybacks. after those quarterly results, shares were up and that provided a lot of momentum. you set the stage on expectations, you could make the argument out of -- out of all the big technology companies outside nvidia, meta expectations are high because the stock has come so far. it's interesting, if you think about the year that mark zuckerberg wants to forget, 2022 when the stock collapsed, since the end of that year the shares are up 300%. if you look at digital ad companies this year, meta is easily getting way more attention than the likes of snap or pinterest. a lot of it has to do with the ai initiative. you mentioned expectations on the order. wall street always wants to look at what happens in the first quarter, but then look at the second order as well. right now, the predictions suggest that this will be the strongest performance since 2021. we have heard a lot, bloomberg intelligence has been ta

meta executive mark zuckerberg says his company will offer its virtual reality operating system, calledft. what it means for consumers is new headsets that run on the same software and operating system as meta's own headsets, the quest 3 and the quest pro. mr zuckerberg talked about wanting customers to be able to run content on quest or any meta horizon operating system headset. that's akin to android's flexibility to integrate with other products. in contrast, he characterised apple's ios models as being closed. that is, only functioning with other apple or apple—enabled products. apple is offering its headset, the vision pro, for 3,500 usd and that's expected to remain the costlier product. but the entrance of new products into the field and at different price points could threaten to give apple a run for its money. turning to australia now and its wine industry, where producers are relieved china's lawmakers have ended its tariffs on australian wine which led to a supply glut down under. but rekindling the business with the world's second largest economy, is going to take some time

why we heard mark zuckerberg asking for patience. i want to get your thoughts on what a potential tiktok ban could meet not only for the likes of meta but maybe some other businesses with big ad businesses. i know it is very early days and there is a lot of questions here, but when you think about potential impacts, what do you think? evelyn: if a ban were to materialize, which is still in the air, youtube would likely be one of the main beneficiaries of any ad dollars advertisers had earmarked for tiktok. instagram reels as well would come into play. although a lot of the same content that exists on tiktok exists on shorts and reels, one of the biggest factors missing on those is the cultural cachet that tiktok has. that is not something you can necessarily replicate with similar content or tech. there is a question of the tiktok algorithm not being part of any sale. of course if it goes away entirely, that is another thing. but we expect a lot of the ad dollars to redistribute to other players in the short video space. not quite al

mark zuckerberg asked investors for trust and loyalty. can monetize ai rate i spoke with nancy taylor about the tech giant earnings. -- ai. i spoke with nancy taylor about the tech giant earnings. >> you can argue he hasn't learned his lesson. we have been here before. now, we are in ai chat box spending, whereas with microsoft, the use cases are multiplying in generative ai. >> a similar sentiment among many investors. you can watch the bloomberg reef at five clock a.m. eastern every morning. david called this year the stock market fundamentally broken. the fund returned four point 9% in the first quarter. that compares to 11% return for the s&p 500. that letter repeated his columns that passive money and systematic strategies have cost the system to overlook valuations. he said there was negative alpha in the long book and positive alpha in the short book. surely not but they intended. jonathan: dani burger, thanks for that. we will catch up with her in 30 minutes time. boeing weighing on airlines. >> with the new management team in pla

durov mentioned a meeting with his colleague mark zuckerberg, in particular the story when the facebooknder tried to borrow money. market where i was working and he said no and we both did exactly that after about a couple weeks at the end of the conversation, durov shared his views on the future. according to his forecasts, telegram’s audience will exceed 1 billion users within a year; the service itself, with only about thirty engineers on its team, will remain politically neutral. durov generally called freedom the main priority, the need imposed by the current world order to take one side or another as the main threat to humanity. artyom krosulin, news! the first dry cargo ship arrived at the lga cargo port under construction in the khabarovsk territory. this port is the endpoint pacific railway from the coal fields of yakutia to the kokhot sea. read more elizaveta iyurova. from a bird's eye view of the water area we see somonorian giant geometric figures. port elga, emerald coast of the sea of ​​okhotsk. the first one is ready. i pour three like this over and over again, achieving

lisa: even from mark zuckerberg.people who see the chain and one in some say it's strange. >> whether it's politics or advertising, especially advertising, you will not get a better ai driven advertising campaign because mark zuckerberg has more fashion sense but keep in mind what really matters back to the what do people do in the advertising world, there is still a subjective choice about why you allocate more money to metaverse than google? jonathan: mark zuckerberg will not fail if donald trump goes back to the white house. he can't stand the guy. >> i don't think it will really impact advertising in a meaningful way. jonathan: does he have the power to reverse the tiktok decision? i'm trying to work this out as to what this looks like? >> i think the bigger issue will be what happens to the rest of the advertising industry. tv network owners, what kind of regulatory latitude do they get? they've almost given up but they haven't done anything as far as aggressive moves to become more powerful players with respect

what isodd, coming into the earnings season, maturation of mark zuckerberg, slow and steady and wild rd elon musk you had to worry about, feels like elon musk had a game plan that was reasonable whereas maybe zuckerberg is back out there sort of where wall street doesn't want him to be? >> you know, charles, i completely agree with you. i love this meme. what i will point out to investors you have to pay attention to when a trade is just incredibly heavy. for example, with tesla it was the most obvious short. it has been in a downtrend. everybody is worried about musk. what happens the trade gets crowded. when there is a little bit of good news it leaves room for it to rally. with meta it was opposite. everybody was incredibly bearish. everybody thought it would explode. you get a little bit of negative news, it can roll over. pay attention to crowded trades, that is when they can go in the opposite direction. charles: the other thing you pay attention to is the charts. so nasdaq moving further down here away from the 200 day moving average, a very pivotal support point. if things sta

you know mark zuckerberg over at meta, whatever, three years is fine.out of the mouth of google. we want some kind of return on invested capital verbiage and investment linked to the cost. will the stock be down like meta's yesterday. kelly: zuckerberg asked for patience. i haven't known wall street to be very especially their debacle with the metaverse spending. certainly lost some credibility there. the thing i find really interesting there is a clear opportunity with the large language models, with google's position as leader in search. but i do wonder your perspective how that could impact ad revenue in the long run. you will completely change how we search for information when we deploy a.i. into that. are you looking for anything, guidance in terms of ad revenue in the long term from google? >> i am. i'm really looking, i do not think they will address this proactively. i think analysts will push them on look, search, which is their cash cow, has links they monetize but when you do generative a.i. it doesn't have links. so if openai, microsoft dis

now, mark zuckerberg says he plans to spend billions more on artificial intelligence. that had investors a little concerned. meanwhile, gdp for the first quarter coming in well below expectations. that accelerated selling. the dow is now down 447 points. the nasdaq is down 276 points, so it's going to be a wild day for trading. let's check the interest rates. the 10-year just above 4.6. it's now 4.7. 2 right now. 4.72. the 2-year is up over 5%. you get a 2-year bond for 5% right now. not much movement for bitcoin, trading around $63,000, 63,5. gold is trading around 2300 an ounce, it's up a tick, just $4. oil trading around $82 a barrel. and now to politics. wow, what a day. very busy day for donald trump, and it started early. he made a campaign stop this morning. trump is making a big play for new york. he was greeted by hundreds of construction workers chanting usa. he's now headed to court for day seven of his new york criminal trial. we are waiting for the judge to rule on whether or not the former president violated that gag order. the supreme court, meanwhile, i

durov mentioned the meeting with his colleague mark zuckerberg, in particular story when the founder s. we met mark more than 10 years ago. i still managed vkontakte and told them, mark and his colleagues, about our platform, application. it was an interesting meeting. in the end, they tried to copy not what we did, but how i described it to them. it was funny. i remember him... asking me: are we planning to start doing something on a global scale, on a global level? i answered: no, asked: is he going to try to enter my domestic russian market, where i worked? and he said no, and we both did exactly that after about a couple of weeks. at the end of the conversation, durov shared his views on the future. according to his forecasts, the telegram audience will exceed 1 billion users within a year; the service itself, whose team includes only about 30 engineers, will remain politically neutral. spring floods in russia have become the largest in the last few decades, in the kurgan region, the level of the tabol river is rapidly rising, about. thousand inhabitants. flood threatens in tyumen

mark zuckerberg said it users can also ask for restaurant recommendations, help planning a vacation, or inspiration to decorate your apartment. it uses real-time knowledge from google and bing for answers.>>> it appears the nba may be shopping for a new home, the window for the league to renew its media contract with disney and warner bros. is expected to close without a deal on monday. the nba will looking for new networks to show their games on. officials from disney and warner bros. will continue to work on terms with the league. sources close to the process says the nba is looking for a large increase in fees, and the companies do not want to pay more. warner bros. began airing the games back in 1984, espn began podcasting the nba in 2002. >>> 99 days until the paris olympic games, what's on the menu for the athletes in a city known for legendary food? well, of course, old metal cuisine. they will mostly be eating fresh produce. the food vision is focusing on local produce to reduce carbon emissions from transportation. it is also no kissing on organic produce and vegetarian opti

amanda has more from the live desk kumasi. >> the 25 cases against meta look to hold mark zuckerberg for keeping children hooked on social media. they claim zuckerberg made design decisions and ignored warnings about the safety of children on the company's platforms. the judge said zuckerberg couldn't be held liable just because he's the public face of meta, while zuckerberg is off the hook. the cases and their allegations against meta still stand. the company faces two lawsuits by tribal nations. the nations accused the social media giant of contributing to high suicide rates by purposefully getting kids hooked to their platforms. the judge says people who filed those claims can amend and refile their cases back to you at the desk, reggie. >> thanks, amanda. happening today, the education board is set to vote on two potential usinsites for teachers in san francisco uedchool district. you can see the sites in this map. one site has administrative offices located th other is an empty lot on, and seventh avenue near sutro tower. applicationspeearlier this month for the housing. the sch

amanda has more from the live desk kumasi. >> the 25 cases against meta look to hold mark zuckerberg personally accountable for keeping children hooked on social media. they claim zuckerberg made design decisions and ignored warnings about the safety of children on the company's platforms. the judge said zuckerberg couldn't be held liable just because he's the public face of meta. while zuckerberg is off the hook. the cases and their allegations against meta still stand. the company faces two lawsuits by tribal nations. the nations accused the social media giant of contributing to high suicide rates by purposefully getting kids hooked to their platforms. the judge says people who filed those claims can amend and refile their cases. back to you at the desk. reggie after 20 years in operation, abbott laboratories will be shutting down its solano county nutrition facility. >> yesterday, the company announced its plans to lay off 200 workers. the facility in fairfield has been listed as one of abbott's priority manufacturing plants. abbott says the reason for the closure is because of ope

the first pick we're selecting meta it's an easy choice for us, and when there's a player like mark zuckerberg out there, we want him on our team. >> all right, karen, what do you think about meta's sell-off today? is that one of the reasons that fed into -- i mean, maybe it was a close choice between meta and something else and today's sell-off in meta boosted it to the top pick >> it is the reason we chose it. it was not on our list but we had to make a game-time adjustment because this opportunity presented itself to us i think that the sell-off is somewhat overdone, considering mark zuckerberg's problems as seo, considering the strength of the business, the valuation is not stretched at all >> that's the first pick next up is steady eddie, eddie george tim, let's get your reaction to the first pick >> some game theory by karen pointing out yesterday or the day before, meta has outperformed the s&p for good reason by probably almost 175% in the last year or so if you think about what we heard last year, the year of efficiency might be gone they talked about higher costs, downgraded q1 and q

they need to come out, or eli needs to come out -- they could take a page from mark zuckerberg and stopking about rubber taxis like he was talking about the meta-verse. there are doing layoffs, which is smart. they need to get fit, they need to come up with a plan of, we need to get ev sales in line, full self driving subscription, let's hear about that, let's hear about optimist, let's hear about the other things they are doing, let's not talk about robo taxis. if that is part of the narratives, then the stocks are going to go down, but i think the line, he didn't go to india, i think he is going to take this seriously, and i wouldn't want to be short going into this call because there is so much bad news in there, scott. >> even if he puts it in your words "seriously," how would you deal with, reconcile, continued price cut when the street things they are done losing market share in china? you mentioned, getting leaner. you know, the whole strategy shift, if you will, this robotaxi idea, if you will, which you don't want to hear anymore about, what you might, and i'm curious about if

benefits, it's a function of time before they start to see it >> gene, clearly mark zuckerberg is a " money" fan, so, i want to say hi to mark and the gang it's interesting the quarter on its own, i think, was wonderful. down 18% now and i didn't think this potentially could happen, but we're looking at levels, you know, the prior all-time high in the stock was made, i think, in august of 2021, around $385. that should be huge support. so, i guess, my question to you is, as karen mentioned earlier, i mean, at some point, this is getting a little absurd in terms of the magnitude of the selloff. >> i thought, if you would have just given me the guidance and given me the commentary about, that zuckerberg talked about this investment phase and the acceleration thereafter, i would have guessed the stock would be down between 5% and 10%. and this is a standard deviation away from that, and i think it speaks to this understoolying fr in tech investors that the party's going to end the echoes of 2000, if they weren't investing then, they know all about those lessons learned and people just do

about the censorship of the ifbr surveillance, relationships with elon musk and mark zuckerberg, as wellnger, which has 900 million users around the world, was created and how it now works. its founder, pavel durov, was interviewed by tucker carlson, the same american journalist who interviewed vladimir putin in february of this year. the conversation lasted an hour, the entrepreneur said that his messenger is under the greatest pressure from apple and google, who, according to him, are capable of censoring everything that is accessible via mobile phones. both american companies have made it very clear that telegram will be removed from the app stores if it does not adhere to the rules they have defined. durov also said that he abandoned the idea of ​​opening an office in... the states and doing business there after the attack on him in san francisco, the second reason was too close attention from the intelligence services. mfbr employees came to his home and accompanied him from the airport literally to the plane. they tried to bribe one of the telegram engineers, they wanted to control

meta ceo mark zuckerberg piqued