from meta the corporation and uh we still filed legal appeal. we know that they're received our legal appeal, but we will not know probably for another two to three weeks if they're going to accept the appeal after they after we learn if they don't accept the appeal um we could then file a lawsuit against meta potentially, but if they don't accept the appeal, we'll just have to regroup and go from there if they do accept it, it typically can take the months or so for the overside board to make decision. a case that they accept, and um, our legal, our legal appeal, we've released the documentation for that, people can read it, it's not just for them to restore my account, but it's for meta, the corporation to acknowledge that they've had a disproportionate harsh response any pro-palestinian voices and content, and um, this is matter of policy, and it's a it's a form of discrimination, it goes against... their own bylaws and and standards and challenges and so um we will see, while i'm very frustrated that is happened to me, i think it's also very

and then there is meta. meta is the story today, probably. we are on track for the biggest jump since february of last year. is this an ai story or a cyclical rebound in ads? either way one year ago we lamented the spending, the cash burn from reality labs on the metaverse. but one year ago we also said, ok, your efficiency is here. this is good. they are back to hiring and he has thrown in a $50 billion buyback. it is a wonder what it can do for the stock. ed: funny enough -- caroline: funny enough the investors like you. jasmine enberg is with us. you lead the coverage of social media. before we get into some of the juiciness for the investor base, lifting make the numbers of revenue growth at this particular moment? jasmine: it is clear that meta's year of efficiency has paid off. many of the measures that took last year helped it reduce its costs, reduced its headcount, and even with this demeanor team and operations it was able to exceed expectations, really across the board, and importantly in its core line of business, which is adverti

but if you look at meta, meta's revenues were up 25% driven by strength in advertising.seems like the company is not just back on track what really executing strongly. i think it is a testament to two things. one is the company's ability to focus and pivot on what is most important. and then of course wrapping up their so-called year of efficiency in 2023. that really help them from a margin perspective. haidi: if you were to go back to october of last year, we heard from meta executives who were saying global uncertainties could be something that would weigh on revenue. meta did a lot better than alphabet, which also gets a lot of revenue from digital advertising and is also investing heavily in ai. scott: it is hard to understand at this point the distinctions in terms of why meta perform so well but yet alphabet was more mixed. i think it is fair to say if you look at alphabet's -- surge in advertising revenue performance, it was good but not as good as some people might have hoped and some expected. in the case of meta, it seemed like the results were not just good,

i would be surprised if it is occlusive to meta because we -- inclusive to meta because we knowad vendorsit when there's a cyclical uptrend. that to me is the key number for pinterest and meta, they should also see the live in ad pricing. caroline: snap has been flailing to find some sort of diversification. they were looking into augmented reality come helping other companies embrace that and realize that is not the way they should be spending money. how are you seeing there narrative billed as to what this company stands for? >> they probably are narrowing their focus. the layoffs have to come from somewhere in the last round was really focused on augmented reality because they wanted to narrow down the focus through the profitable part of the business, which is the social media ads. with meta we sell real engagement continued -- reel snap has spotlight. they don't make any money off of that and that is where you want to see monetization. why is meta monetizing video and have caught up to tiktok and not snap? i think that is where -- the story is still missing. why can't snap monetize v

let's get to the meta-story. surging after topping analyst expectations for profit and revenue and saying it would start paying shareholders a dividend for the first time. amazon also shot up after beating estimates. apple rained on the parade of otherwise positive tech earnings after weeks sales in china overshadowed better iphone numbers. joining me for the analysis, robert lee from bloomberg intelligence. what did this week's results mean for the magnificent seven as we wrap them together at the end of this week? >> great question. i suppose the standout for me this week has been microsoft. as i said previously it's a broadly spread business. it has exposure to the right areas. it has number two ranked cloud business which continues to grow strongly. have obviously got their stake in openai so that gives them a deeper more meaningful exposure to growth potential in ai. it has great diversification of businesses. also it does not arguably suffer the regulatory overhang impacting stocks like apple and google for

meta and amazon searching in the premarket. lisa: meta is up at 17.7%.n dollars stock trading like a penny stock. boom, there you go. jonathan: boom is the right word. ♪ how am i going to find a doctor when i'm hallucinating? what do you think, fever monster? what about zocdoc? zocdoc? dr. castell has a great bedside manner. so many options. but dr. xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know. book now. jonathan: equities on the s&p 500 positive by 0.7%. on the nasdaq, higher, even with apple lower in the premarket. firmer by a full percentage point in the nasdaq. two-year, 10 year, 30 year. payrolls an hour away. the two year yield higher by two basis points. just a finish on foreign exchange, the euro against the dollar not doing much at all, the euro 0882 -- euro 1.0882. big tech under surveillance this morning. amazon and meta flying in the premarket. meta is showing its first ever quarterly dividend and an extra $50 billion share buyback. apple shares falling after i

>> meta, absolutely. what really impressed me about meta was their dau growth.g to stop that number 6%, a quarter of the world's population it grew at 5% in the previous two quarters, it was growing at a couple percent per year before the pandemic this is testament to how addictive meta's products are, and they are not even beginning to use a benefit from a.i., increasing engagement even further. and so, investors see this guidance up 9% higher than the street was for december, and starting to fill in the blanks and saying, you probably got to not only update the march numbers by 9%, but probably the full year by that 10% range. as far as amazon's concerned, aws, i was -- i'm really surprised how that stock is reacting, up 8%. mill s my sense is this is all about aws. it did accelerate to 13%, still well below google cloud at 26% the other two cloud platforms accelerated by much more, and we had a 50-basis point acceleration from aws, so, i think that that piece -- that piece -- that one surprised me a little bit i want to sneak one more piece in that i would be

meta meta meta safety staff warned the new paid subscription tools on facebook and instagram enabledered suggestions to reduce the risk. the report says the company pressed ahead anyway. >> number three, at&t says the cellular outage that impacted thousands of customers nationwide yesterday morning was caused by a software update service has been restored for all customers. >> number four today, caltrans plans to assess niles canyon road in alameda county to decide if it's safe to reopen it to one way traffic. the road was closed in both directions earlier this week after part of it washed out in recent storms. number five get ready for another dry day today. >> partly sunny skies, but tomorrow it is nothing but sunshine and it will be warm. temperatures in the 70s away from the coast. cloudier, cooler, but still dry on sunday. >> and number six. traffic is pretty light so far on this friday morning. this is a live look outside at our bay bridge toll plaza. camera metering lights are not on yet and there are no waits at the pay gates number seven google is pausing its ai image genera

so hats off to meta.onali: where do you think that there are relative outliers here when you're willing at such strong numbers posted by meta and even amazon also seeing their shares soaring on the top of progress being made by management? are there members of the magnificent seven that you see lagging behind? >> yeah, we think the magnificent seven is the -- the herd is thinning a little bit tesla have a transition year. apple is a really high quality company but it's top line and bottom line growth is pretty interesting and it's at a high valuation compared to in particular the other ones we like a lot. amazon results are really strong. earnings, they were 25% ahead of consensus. they are gap earnings, by the way. so really high quality. but the year-to-year growth rates is meaningless with amazon because i don't think many people realize the retail business there hasn't been very profitable. but as a result, we've had 40% year-to-year earnings bill. and business is accelerating there. we see them growi

meta is up 21% i think that google is down on the day. and it's not to beat up on google but is to say they haven't made any change from 187,000 employees to 183,000 and they're going to be attacked from all fronts on their core business by other people who have designs on ai microsoft, amazon and some companies we'll see report in the future who are taking advantage of selling those services and ai infrastructure stacks and on the other side the tip of the spear when it comes to the applications and driving ai profits, you certainly have meta bytedance, tiktok, we're also investors. i know controversial, certainly in some quarters, is an extraordinary business with extraordinary growth rates and extraordinary incremental profitability that looks a lot like meta. and i believe deserves to come public and will come public over the course of the next couple of years. >> let's turn our attention to amazon before i get to your deeper take on something, i want to get to our guy, jason snipe, as well. we'll come back to you in a second, brad yo

meta still outperforming by 14.5%.e had the plan to billion dollars buyback doing over investors but really beating on a number of metrics. amazon profit continuing to grow and expectations that would be sustained, but lots of concerns over the weakness in china. let's bring into canaan, mark gurman and poonam goyal to go through these key earnings. let's get the bad news out of the way. a lot of this downside on apple's down to the weakness in the china market. is that it when it comes to apple? >> the china situation is pretty terrible. wall street has been talking about this. analysts have been talking about it. there is something going on with huawei in china. there seems to be a lot of nationalism, a lot of interest in the hallway - huawei devices. apple took the top spot in 2023 but declined 2%. huawei is only a few percentage points behind apple the market share but something interesting happened. they shot up 36%. the unit declined to receiving from apple, other players in china, those are all going to huawei s

very remarkable with meta in after hours.he market was blown away by what they released i would say headline level, advertising, which is still the core business for facebook and meta and amazon is shaping up to do well which is contrary to what people were thinking. >> the ad market was tough last year you are seeing the signs of recovery in the latter half of the year and this year as well it seems meta has been helped in a few ways one of the things i saw in the earnings was that meta products are banned in chiepna 10% of sales were from temu and shein. for the whole for meta, the ad recovery was one part, but it was the broader story that mark zuckerberg is telling. we will pay a dividend and we have costs under control in 2022, this was a huge issue for the market the company was sinking and losing billions of dollars in the moonshot now what you have seen in the december quarter was revenue up 15%, expenses down 8% and the margin doubled to 41%. they issued a dividend you have a situation now where meta is growing quick

meta declaring a dividend.ig news there when it comes to a.i., what do we hear from these companies >> reporter: i'll be honest, frank. we haven't heard too much to move the needle or forward thinking things. tim cook kept his heart close to his chest. meta ceo mark zuckerberg said on the earnings call the focus is on building the most advanced a.i. products and services he spoke about a.i. assistants and smart glasses to interact with a.i. and a.i. recommendations on its platforms like instagram reels he mentioned the company is working on general a.i the idea that a.i. can do multiple tasks equal to human or better levels. it is unclear how meta will monetize andy jassy said generative a.i. is a small business right now, but could draw tens of billions in the next two years. amazon launched a shopping cha ch chatbot in the u.s it is unclear what it will do with revenue for the companies with a.i., frank, but they are all talking about the tec technology >> everybody is talking about it the big story is meta.

is meta going to have to do this as well? meta has the best practice out there.y will tell you five quarters in advance what their total expense guide is. i don't think meta will be camping up or increasing its capex outlook . they're calling for 35 million in capex and if they stick with that, the market will have a sigh of relief. they are not as hyper scale as microsoft, aws, and google. they are not running cloud businesses, but they need to spend aggressively. i think things are fine. >> with a stock coming ff its best year ever and a stock that has a 30 plus percent gain since november, what does that do to the bar? are you concerned given that move that the bar has gotten too high? you see how stocks have been priced to perfection in some respects and punished if they report really good results. it is just not high enough. >> the bar is definitely higher, scott. you are right about that. stephanie mentioned earlier that they went from 13 times earnings to 22 or 23 times earnings. my pitch is it underrated or way oversold on stocks. when you have earnings g

new allegations from meta employees. they claim the company pressed on even after workers voiced concerns about the app being used for child exploitation. >> then mayor london breed may have a hard time winning reelection. the poll numbers showing a very tough race where some voters stand this morning and state wildlife experts rescue a young tiger, now specialist at the oakland zoo, are taking care of it. >> good morning. >> welcome to friday, february 23rd. >> do you want to get straight to a look at our forecast? we know it's going to be a beautiful weekend. >> yeah we're in store for very nice weather. it's dry today. dry tomorrow. uh- even warmer as we get you into saturday. here's a live look from our east bay hills camera right now. we do have clear skies, good visibility out there, but we do have like one lone issue of fog. it's bordering nevada and petaluma right now where you can see we do have a reduced visibility. so around 1o1 in this region, it's our typical trouble spot in the morning. just be aware of tha

>> so is, listen, i don't with own meta, i never owned meta.n't like facebook, so that was a miss for me, right? if i own amazon, i own apple, i own microsoft, i bought them all on weakness, and apple i'm waiting to see. it just pierced the trend line, so i think we could see apple down to the mid 170s, and that would take it down 12% off the, from the december high of nearly $2000. there would be another opportunity to tart to add to some apple. but, yes, on the weakness last week, i did add to the three that the i own. ashley: it's interesting with regard to apple, a lot being said about their weakness in china. it's a very competitive the market. how much of a concern is that for you? very quickly. >> i am zero or concerned about china. i don't care what happens. they earn $20 billion in china versus $23 billion, i'm not getting my, the hair on the back of my neck to stand the up because of china. absolutely not. apple's a buy. if. ashley: well, if you're feeling good about it, then i am. kenny, great job, as always. thanks for joining us. >

>> the real shock was facebook meta-last night. what they did is downsize the workforce 22% last year, investing aggressively in ai and a lot of these products are starting to take off. reels which is a baby, 130 active users. there are a lot of pillars under meta that's propelling this growth. liz: it a relatively new business. >> reels is contributing to net revenue and -- for over two years. that the big change. i think probably the biggest pivot they made was downsizing in the efficiency you are seeing at meta. that's why the operating profits are the highest we've seen in three years. liz: do you are about apple? >> apple is going to have a tough year. greater china revenue down 13%, chinese government is pushing back, banning apple iphones. and huawei you are seeing a resurgence in china so there's a lot of forces, i think this cycle is very muted, people are hanging onto their iphones longer and longer, there' s not really you need to upgrade every year. liz: keith, you've been very positive on names like nvidia, tesla. look

apple is only 2% above and meta is 30. they're all coming in in a very different place. >> great setup exactly what we need apple, i think it's fair to say with the most uncertainty of all of the mega caps, it's the worst performing, it's lost its status, you've had four straight quarters of declining revenue growth, you have regulatory concerns, now the vision pro is out. you have "vanity fair" dropping a piece about tim cook's so-called moon shot. what's at stake, isarat, for apple? >> what are the expectations for cash flow and for margins? especially with apple because we know the revenue is dropping this could be the catch all quarter to say this is where we're going to be and where we're going to go. for meta, i think really important. we've seen the story before. if zuckerberg gets on and says we've had a great quarter but because of vision pro i'm going to spend $10 billion chasing it, the stock will get hammered. >> you own apple obviously what do you think you need to hear from the company tonight to -- i don't k

let's talk about meta, okay?> cynical son of a -- >> at these premarket levels, the second best day in a decade and the fourth best day ever >> revenue acceleration, jim i mean, that's what i keep hearing this morning >> come on how about the number of -- >> it was incredible the fact that you can get that at this size company, other people talking about what was the fastest corporate turnaround in history with zuckerberg somebody was saying to me, how long does it take you to -- you buy a new house you get it together, takes you nine months to feel comfortable. this guy reorganized an entire company in three months. it's unbelievable what zuckerberg did, and we continue toe see the impact from it they've spent $60 billion prior to this quarter in the metaverse. you don't even hear about it anymore. that's capex and ofpex. >> they did a billion in sales >> people are talking off a $27 earnings number in '25 and the fact that it will perhaps finally get what they believe is a higher multiple based on this growth r

to fund meta reality labs, facebook reality labs.hat is the division driving the growth. katie: we will see what it is like today. you are thinking about the year of efficiency meta delivered a gain of 194%. ed ludlow, i know that you will be busy. thank you for spinning time with us. let's turn our analysis to the regional lenders. the new york community bank is spreading concerns over commercial real estate. the bank had a record one they plunge yesterday after reporting massive credit losses. citizens financial group ceo spoke to bloomberg tv earlier today about the news and how he is viewing the regional bank landscape. >> for the most part everything is in the rearview mirror now. there were a few it eoc and credit rank failures, -- a few idiosyncratic bank failures and things are starting to feel more normal. yesterday's announcement was a bit of a surprise. i think that that's an outlier. katie: here to help make sense of it all, we have hermann chan of bloomberg intelligence. talk to us about what we learned. how surprised we

of these half a million, about 40% are active on meta platforms. for this reason, the state of new mexico has sued this company. it has become a breeding ground for hunters. this was written by cnn, citing the prosecutor of this state, and the prosecutor of new mexico has accused meta has exposed young users to immoral content on facebook and instagram and has created a platform where adult users can contact children they do not know. the company closed the accounts that were used for research in this case. the accounts that were closed by the american senators were pointed out by the ceo of this company. in addition to mr. zuckerberg, some parents also came to the congress building with these pictures. do you know who is sitting behind you? families whose children were severely injured and you did not take any action to compensate for the damage you caused you did not give your hands are stained with blood. your product is killing people. in this meeting, the chairman of the senate judiciary committee unveiled meta's internal emails. revealed that

and among those laggards are megacap, tech, meta, amazon.next guest upped his prices, especially meta, citing upside momentum driven by ai. joining us now is rob sanderson, senior internet analyst at loop capital markets. rob, thank you for joining us. let's start with meta, that was a big price target hike. i guess maybe today not with standing. explain some of your reasoning there for why you see the upside potential in meta? >> yeah, there's a lot of momentum. surprise on up the side, very strong fourth quarter, but the outlook was really what caught people off guard. and you know, really unexpected. revenue growth expected to accelerate by around 400 bases points to 29%. the high end, which is obviously very impressive on numbers that are so large and comparison that gets 700 bases points tougher, an acceleration on that kind of comp at this kind of scale is just, you know, kind of unheard of. it shows a lot of momentum behind the businesses. i think they found a lot of unlocks in applying artificial intelligence to make advertising easi

look at meta shares. they are defying gravity, moving high higher by 2.8%, continuing their stunning run since last week when the social media platform announced its first ever dividend. and meta has if you willed -- okay, let's call it 32% higher just this quarter alone. and have you -- had you listened to dan nile ifs on "the claman countdown" a year ago january, you would have ridden the meta wave to massive gains. that's what he said to buy. so do not miss dan today. he's going to reveal his best ideas for 2024. and why he is about to short one with of the magnificent seven stocks. okay, right here, right now there is a reason we're going to do what what we did at this time yesterday e when we hit the air with new york community bank shares imploding. that drop, if you see this morning and look at the intraday here, it continued. but after a plummeting about 7% to multidecade lows of $3.60, shares have recovered just a bit. they are back in the green at the moment, up 5.33% but still just at $4.43. ok

this will be a key indicator of whether meta's investment in a.i.more valuable. growth could reflect the ads spending of temu and shein the stock has been on a tear which is up 165% in the past 12 months analysts are still bullish despite the stock's run. 81% have a buy and 16% have a hold bank of america saying we remain constructive on meta and see tailwinds eat aiding the stock with a.i. and machine learning likely to boost usausage. we will see if mark zuckerberg comments on the testimony on child online safety and the impact any potential regulation could have >> amazon's cloud business is set to dominate the earnings discussion in conversation as wall street anticipates a return to growth. amazon web services used to be in the 30% growth range, but it has been stuck at 12%. analysts are looking for a growth in aws for the fourth quarter. that aws cloud business is amazon's crown jewel and more profitable than the online shopping business. the bar is high after azure saw 30% growth in the third quarter. watch for spending on artificial intellig

: meta labels content created its own ai tools.ut the company will soon begin using meta data to detect and label ai images posted to its platforms from google, open ai, mid journey and shutter stock. meta saying this is the first time a company has been able to label ai that is not its own ai. now, meta's president of global affairs writing in a blog post that they are working with industry partners to create common technical standards for identifying ai content. saying, quote, we're working hard to develop classifiers that can help us to automatically detect ai generated content, even if the content lacks invisible markers. at the same time, we're looking for ways to make it more difficult to remove or alter invisible water marks. saying they are building out this capability now and will start applying labels in all languages that they support through the next year when there will be a number of important elections happening. meta says it is hoping to lead an industry-wide initiative so nothing can fall through the cracks, especi

kind of testing the waters against meta-universe and meta 's oculus. how those things play out is always a trademark of apple. provision is very expensive. i do not know you are going to be seeing everybody with that as we move forward. when you look at valuation, apple is about 27 times next year earnings. long-term growth estimates call for 10%. still a growth stock. although the growth estimate for the future at 10% has slowed down from the historical growth we've seen over the last decade or so, about 16%. i would say the stock is at least fairly valued here. more of a hold than a strong bu y. david: i was about to ask you as well. would there be a dip you would be willing to add at this point? we are down in the after hours. i'm curious what you would do at the open in the u.s. today. don: we are long-term. we are not a hedge fund looking to go in and out. we recognize apple, names like apple and microsoft are large pieces of our benchmarks. you have to own these names, if nothing but for risk control. that brings in the broader question of apple

so the mega win from meta, proving the naysayers wrong. is it too late to buy in and, by the way, where are the opportunities outside of tech? if don't worry, we've got you covered so grab a pen and pad. and what is next for the market and the fed? well, here's the good, great news, we've got two of the best on the street, diane swan and david rosenberg on the show today. all that and so much more on "making money." ♪ ♪ charles: all right. so the market taking off like a rocket, and it's on really a moonshot jobs report, but it has also left some clouds of confusion. the report certainly doesn't match up with any of the data that we've seen in the past few weeks from all kinds of different sources, and it does have some internal contradictions. but it's really the steel straw that stirs the economic policy, right? whatever the bls number is, that's what the fed uses and what moves these markets. of course, there's one stock that no matter what, today at least, it's impervious to the gravitational pull of the federal reserve, and that's met

and meta. . . ., , ., , meta.nings update scheduled _ meta. there is a quarterly earnings update scheduled later _ meta. there is a quarterly earnings update scheduled later so - meta. there is a quarterly earnings update scheduled later so what - meta. there is a quarterly earnings update scheduled later so what do | update scheduled later so what do you expect to see? i update scheduled later so what do you expect to see?— you expect to see? i think another monster report — you expect to see? i think another monster report from _ you expect to see? i think another monster report from them, - you expect to see? i think another monster report from them, they l monster report from them, they tripled profits last quarter, expecting to double this quarter. they are earnings per share is expected to rise by hundreds of percent. i think that is true but we did see nvidia shares slip yesterday because there was a lot of nervousness. in the lead up and the nervousness. in the lead up and the nervousness and financial mar

meta did not point to any. any specific incident that could have caused the ban.ia platforms have also silenced other critical voices against the regime while allowing. officials to publish littny of hate speech against palestinians. experts believe meta's last move proves the hypocrisy and double standards that such platforms apply to freedom of speech. this is the story of nation that lived here for centuries until an obscure foreign regime emerged and began farming on their lands. and brought in new people to replace the old nation. they picked the focal point of attention of different religions in the region, a highly regarded place at the heart of this arabic, islamic setting. what would have happened if hizbullah had been vanquished? that's perhaps the most significant and upsetting question about the 2006 war. much has been said about the 2000. sixth war about its motives, the behind the scenes and the circumstances around it. israel's genocidal war against the gaza strip, which is now in his fifth month, is sparking more international outcry for justice. n

when you have not liked is meta. minus of why perhaps you are changing your tune since the mega rally come friday. nancy: we have owned it in the past and made a lot of money on the stock, and we got off a couple of years back. i have been wrong on that, but there are other places where we have put our clients' money, and those have been maybe not quite as good, or in some cases better, but i just don't like the two-share structure. i don't like the business model. and i have been wrong. so it is an advertising company, for sure. they are going to adapt and adopt ai, and that will probably continue to drive margins. but there is better places, in our view. that is where we have been hiding out. ed: what would meta and a zuckerberg have to do to change your mind? nancy: i think for now we have missed it. i love the dividend. and whether or not it was self-serving, i think he keeps about $700 million a year from the dividend, i love the notion of it and i think google should be paying attention. amazon, which is a free

forget ge. >> got to take someone off the table, meta. >> and take preference in tsm. >> thank you for watching fast money, mad money with jim cramer starts now. >> mission is simple, to make you money, i'm here to level the playing field for all investors, i promise to help you find it, mad money starts right now. >> i am jim cramer, welcome to men money, just trying to make you a little money, my job is not just to educate and entertain, and amuse, call me at one 807 43 kramer --

of these half a million, about 40 % are active on meta platforms. for this reason , the us state of new mexico filed a complaint against this company done. it has become a breeding ground for hunters. this was reported by cnn, citing the state attorney, who wrote that the new mexico prosecutor has accused meta of exposing young users to immoral content on facebook and instagram and creating a package where adult users can contact children they do not know. take the company closed the accounts that were used for research in this case. he closed the accounts. the us senators impeached the ceo of this company. in addition to mr. zuckerberg, some parents also came to the building with these images. i will discuss the details of this news with mr mohammad. ilmia, a media and virtual space researcher who is a guest of today's world. hello, welcome . as a first question, i would like to ask what happened that american legislators are so worried and we can say that there is an unprecedented mockery of the executive directors of these networks in congress. b

does meta see us on whatsapp? obviously he knows you are there. it may not control the contents of the message. but he knows, for example, that you talked to your personal doctor, and this is a superlative on a high scale messaging users, which claims to be the first and only messaging that does not rely on any central server or third party. on the other hand , french minister of digital and telecommunications, jean-neville barro , is behind these messengers and has described this messaging platform as the most secure messenger in the world on his personal page . here is the main question. who are you messaging ? how sure are you that your information is not misused? french media say that although this messenger is small, its users are increasing in france in these few days. the french government had already tried limit the use of external programs. for example, the bill prohibiting the use of tik tok and instagram by those under 15 years old. bita saedi, radio and television news agency. we saw the report of my colleague mrs. bita saedi together,

navigation in the red sea, and in a new incursion on freedom of speech, the us social media giant meta removes the accounts of faran's leader underpressure from pro israeli groups. hello and welcome, you're watching world news on press tv, coming to you live from our headquarters in tehran. thank you for joining us, my name is kisumi shah ahmedi and these are top stories this hour. day 126 of the israeli war in gaza, where more civilians fall victim to the relentless israeli air strikes on palestinian territory. several civilians lost their lives after israel struck house in the... central city of der albala to the south of the city of hununes. at least one civilian was killed in a drone strike near nasa hospital. the areas near nasa medical complex and another hospital al-amal have been the main targets of the israeli attacks in kununus over the past few weeks. also, in the south, eight civilians were killed in an israeli missile strike targeting two homes in raffa. the regime is also planning a ground. assault in the city packed with more than million palestinians including the displ

most of meta's advertisers are smaller. there is a mix of large and small. snap, because of the way they can target which is to say not as well as meta and google and they don't know what value they drive, so when somebody clicks on an ad and buys something, snap doesn't know it as meta or google does. they tend to work with some of the larger advertisers. that's why i say it is a harder one to know because if a few of those guys come in or china vendors come in, they he can mo the needle. >> in-app shopping with instagram and facebook. how does that impact ad spend? >> i guess in a few different ways. first off, you know, it's a type of ad unit where you are getting a direct link and staying on the platform on instagram or tiktok or what have you and you are buying in the app. the data is proven that the ads do convert at a significantly higher rate than a traditional fee-generated ad that shootsyou to some other web site. that's great. on the other hand, a lot of people have trust issues with that particularly with tiktok just not being a company from this

i promise we would talk about meta and i do want to talk about it.t feels like the earnings were an afterthought. the big headlines, the big buyback they announced and their first ever quarterly dividend. which is more exciting? mark: it tells you about the corporate structure and is an indication of the state of affairs. i think you're a better allocator of cash than i am. that offsets the dollar as matt levine was talking about at this stage. >> a big payout there for mark zuckerberg. why now? when it comes to these tech companies a few of them have dividends or significantly a lot of them do not. what do you make of this decision by meta? is this a positive sign? mark: this is a positive sign. when you look at their financials, coming from 60 pe down to 20 you of cash flow per share that still rising, earnings that are still rising. they've done two or three iterations into meta and bounce it back and now they are going to ai. they obviously have the cash. he saying i would rather have a stable base of investors, he is speaking to the demographic

four, facebook kick started meta's dominance.ess of facebook, mark zuckerberg built an empire. he brought companies like whatsapp, instagram, oculus and helped them grow. meda says that more than 3 billion people use at least one of their products every day. this dominance has argued lee not come from innovation but either from not come from innovation but eitherfrom buying rivals or copying their ideas. the apps disappearing stories feature, for example, copied snapchat. instagram rails is the company's answer to tiktok and fred's is an attempt to replace twitter. and now but the company pushing heavily into ai in the meta farris, who knows what the future holds. now let's turn to apple because its shares are down more than 3—percent after the bill. the tech giant's sales and profit surpassed analysts�* expectations but a poor showing in china overshadowed its quarterly results. here's our north america business correspondent erin delmore with the latest. for apple, a big forapple, a big highlight, the first revenue growth in a

apple, of course, amazon, meta results due out after the close.on of earnings to get to, qualcomm, royal kcaribbean. what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! (ella) fashion moves fast. setting trends is our business. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon. (grunting) at morgan stanley, old school hard work meets bold new thinking. (laughter) at

viking decreasing holds in meta. meta was up 18% during the quarter.ger global decreasing nvidia, d 1 dissolved the stake completely during the quarter. amazon was a mixed bag with code 2 cutting their holdings, apple and d 1 and tiger added. amazon up nearly 20% in q4. interestingly, alphabet, which was up 7% during that time period was somewhat of a mixed bag in terms of hedge fund moves there. tesla, the laggard of the group during that time period, got a small boost from code 2 which increased its stake. berkshire hathaway sold 10 million shares of apple, that's just 1% of the firm's ownership, worth roughly $174 billion at year end. now these, of course, are snapshots from the end of 2023. they may have changed in the six weeks since then, but those who remained in names like nvidia and amazon, microsoft and alphabet, likely continued to see gains from there year to date while apple and tesla holders may be a bit more disappointed. tesla doing decently today. >> code 2 or tiger or d 1, i don't think think too much about their public holdings as pr

you just set a new price target for meta. meta is currently at $466.r with new price target? >> yes, sir. so this is one of do our ideas. look, i've had my issues with mark zuckerberg as ceo of facebook, but wall street got this wrong. they just updated their guidance. i think we see $41 of earnings in 2028 so, again, this is a 5-year play. i think this stock goes to $90 a share. 22 times -- 900 times a share. i just want to say, our estimate is half the con seven e discuss of what wall street is, so this stock could be much higher. this is a name to buy today for great upside growth in the future, stuart. stuart: reminds me of the late 1990s the dot.com, some of them just zoomed. i think you could say nvidia has zoomed and maybe meta will too. who knows? that's not my prediction. david, very interesting stuff, nvidia and meta. coming up, king charles announced he's been diagnosed with cancer. here's president biden reacting to that news. roll tape. >> do you have a message for king charles? >> yes -- [inaudible] i'm curved about -- concerned about hum

two years ago, mark zuckerberg changed facebook�*s name to meta.a company that was going to build a metaverse. but, unofficially, the brand had become toxic. in making this piece, we wanted to film next to meta's famous sign. so you can't be filming. no recordings. that is what meta is now, it is a lot more nervous of the media than it used to be. meta now, of course, is a lot more than just facebook. it owns whatsapp. it owns instagram. and it also has its own vr headset. and that's where mark zuckerberg thinks the future lies in vr. he believes that the world is shifting from a place where people connect online to a world where people want to connect virtually. the problem, though, is that mark zuckerberg has already spent tens of billions of dollars building the metaverse, and there's very little evidence to suggest that people really want to spend much time in vr chatting to their friends. the world is kind of appealing, and that's mark zuckerberg's major problem. he might think that the vision of the future is the metaverse, but it makes all o

host: the ceo of meta apologizing for face book and instagram and thecross the country.e want you to reply to this problem. as more regulation needed for social media? if you live in the eastern part of the country dial in at (202) 748-8000, pacific (202) 748-8001 , you could also text to (202) 748-8003 and facebook.com/cspan and on x @cspanwj. companies restricting false information has risen steadily. most americans say they should take steps to restrict false information and violent content. there is more support for moderating the content than the federal government doing so. do you agree with that? does regulation need to come from the companies themselves and not the federal government forcing them to do so? join the conversation and let us know. mark zuckerberg told the committee that this is what his company has been doing. his platform has about 40,000 people working on safety issues and his company has spent more than 20 billion on the issues since 2016. senators rages ceos in the companies failed to do better against predators. this is when laphonza butler que

run and i'm looking at meta. is at the same time i don't want to sell them because as i look out a year, two years, i'll be dreading that i did. >> we get through another gauntlet palo alto made us re-assess the gains in some of these stocks, joe, and what might happen next. oh, man, if nvidia lays an egg, then who knows what will happen to the overall rally that didn't happen so you make it through the gauntlet of nvidia to where tony at goldman, again, sort of assesses where we are and what the best strategies are going forward. so he says the big dynamics in the game remain inherently friendly for risk. the profile of tacticalries it can/reward has changed the trading community is quite long the momentum factor is stretched and valuation is tricky. if the market is due for some period of consolidation, in turn i have no problem with simplifying your portfolio he's speaking directly to the beg a caps, using options to manage details, but, look, if this sounds too clever, you're probably right and what japan has

can you paint a picture for us of what things facebook says, what it now at the company is called meta? well, what what does zuckerberg say about the company's goals and about its attention to these difficult problems? and how does that contrast with what you've seen behind the. yeah, so i mean, i think one of the things that sort of paved the way for the difficulty facebook had after 2016 and sort of the internal reckoning was that they had 2016 presidential election on is that they've been pollyanna ish about the platforms role in the world. the idea was that they were going to connect everyone and that it was going to make the world better in every possible way. i mean, mark zuckerberg at one point talked about how the spread of facebook would literally end terrorism in the middle east because, you know, young, disaffected youth that were online and were connected via social networks to, you know, young guess views on the other side would lose the capacity to hate. right. obviously, that didn't work out very well. and so they kind of just had this like everything's going to be great

so we think meta is in great shape. big question, it is a top weight also, but the question mark we have is, you know, is the religion on the expense side sustainable or not honestly, we'll get called on that tonight but that may change the calculus if it's sustainable, we think that at 25 times earnings, with $20 in earnings forecasted, this could be a $500 stock. >> wow but it's at $395 right now, so maybe another 100 and upside james, good to see you thank you very much. >> thank you >>> coming up, the renaissance ipo etf coming off its worst month sense august is there an ipo pipeline problem? and is it helping the best companies stay private maybe forever? we'll talk about what it means for venture capital coming up. (ella) fashion moves fast. setting trends is our business. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom priva

that has brought to meta and pace of innovation was inspiring. i think that was a tell for google i think google needs its year of efficiency when you compare the energy on the call, which i think is a reflection of the pace of innovation at the company, to meta and to microsoft, it doesn't feel like it is on the same level i would love to see as a google shareholder and meta shar shareholder, i would love to see google take that step and find that hunger to go after the huge a.i. opportunity in front of them it doesn't feel they are as aggressive as meta by comparison. >> if you could own one stock, which one? >> we own both i prefer meta here >> let's talk apple. >> i grade them a "b minus" or "c plus. the guide was disappointing even if you back out of the covid comp issue year over year going into march, you are still talking about flat numbers that is a business that is relatively mature now. the big news for apple is back to a.i that is what the magnificent seven is all about i think them talking about generative a.i. and tim cook saying fo

you saw that reflected in the stocks meta had the enormous drive up 24% year to date >> meta is up 32% year to date 32% year to date five weeks >> people had the estimates wrong. they earned more than the market had expected and now the multiple is about the same it's a little bit higher than the s&p. if you look at google, their multiple, slightly premium to the s&p. amazon, that multiple has been coming down for years. it was very, very high it's still a high multiple, but they overearned relative to expectations if you can keep doing that, they have a growth rate two and a half to three times that of the s&p not including themselves -- >> you said the key words, if you can keep doing that. what leads us to believe these companies can keep doing that at the rate they're doing it now? the growth in their multiple as well as their stock prices as well as their stock prices. >> i guess we're relying on history which, unfortunately, it sounds like you don't want to rely on. but it's been a very strong one of seeing accelerated growth okay, now they're going to buy back their stock we're

and in new incursion on freedom of speech, the us social media giant meta removes the accounts of iran's leader. hello and welcome, you're watching world news on press tv, coming to you live from our headquarters and tehran, thank you for joining us, my name is gisum shahmadi and these are top stories, this hour. day 126, for the israeli war on gaza where more civilians. fall victim to the relentless israeli air strikes on the palestinian territory. at least 34 people have lost their lives and the latest israeli attacks across gaza, the strikes at locations in the central city of dar al bala, as well as the social, the southern cities of hanus and raffa. two of the victims in hanyunus were killed by israeli snipers near nasa hospital. the areas near the hospital and another medical center al amala have been the main targets of the israel. attacks over the past few weeks. meanwhile, concerns are growing over a looming israeli ground assault in rafa, and that is because the city is packed with more than million palestinians, including those fleeing israeli attacks in other parts of the gaz

meta now, of course, is a lot more than just facebook.rberg thinks the future lies — in vr. he believes that the world is shifting from a place where people connect online to a world where people want to connect virtually. the problem, though, is that mark zuckerberg has already spent tens of billions of dollars building the metaverse, and there's very little evidence to suggest that people really want to spend much time in vr chatting to their friends. the world is kind of appealing, and that's mark zuckerberg's major problem. he might think that the vision of the future is the metaverse, but it makes all of its money through social media, and that makes trying to predict what meta's going to look like in even a year's time or two years' time pretty difficult to do. lionel messi is considered one of the best footballers in the world. lionel messi was booed in hong kong after he sat out inter miami's pre—season friendly with an injury. he spent 90 minutes sat on the bench. the mls club were playing a hong kong select 11, but both messi —