., , ., , ., meta? for everyone listening to this programme, _ meta?s programme, the _ meta? for everyone listening to this programme, the thing - meta? for everyone listening to this programme, the thing to i this programme, the thing to understand is that meta is no longer pretending to be neutral in politics. mark zuckerberg has had as a goal since the company began to create a global network on which every human being connected to the internet participates, under his direction, a very authoritarian vision. in the united states, it has been on the defensive for many years and as a consequence has had to pretend political neutrality. when nick clegg was hired seven years ago, it was in direct response to the cambridge analytical scandal in the uk, and the absolute need at that time to settle political issues in europe. i think meta now feels it has control of the politics in europe to its satisfaction. it wants to focus on the united states. the promotion ofjoel kaplan, who has been calling the shots globally all through nick clegg's term there, is r

meta's independent fact—checking programme started in 2016.sponse to criticism about how misinformation was able to spread during that year's us election — an election that donald trump won. then, there's january 6th 2021 and the assault on the us capitol. in the days that followed, meta posted a statement online. it read: and then, there's the pandemic. last year, mark zuckerberg — chief executive of meta, of course — said he regretted agreeing to requests from the biden administration to remove some content on facebook and instagram that was relating to covid and now we have, as katie was saying, meta introducing community notes. this system, which was introduced by elon musk after he bought twitter, involves people of different viewpoints agreeing on notes which add context or clarifications to posts which are deemed to require it so, to put it simply, this is quite a change of tack by meta. well, angie drobnic holan is the director of the international fact—checking network. it represents more than 100 fact—checking organisations worldwide

snap is up, as is meta and google. we think there is an 8%-10% upside to meta's earnings-per-share.n go to meta reels as the number one beneficiary. youtube shorts, 30% to 40% could go to youtube short. there is a 5%-8% upside to youtube's revenue. snap, the reason it has gone up is because of the volatility of the impacts that could have on a higher base. caroline: of course eyeballs and focus of a consumer means more advertising revenue. ultimately, is meta getting the bulk of the advertising revenue currently in tiktok's direction? shweta: what we are hearing from advertisers right now is the budgets have not yet migrated, even with the upcoming risk of tiktok being banned. i think advertisers want to see the ban being implemented and then transition the ad dollars. what we are also hearing is work has already begun. caroline: as marketers are not changing yet, there are 170 million u.s. users of tiktok that like the product. does it just overnight go away? have you thought through the action of if it is banned what technically happens? shweta: i believe it will be a moderately f

we never heard complaints from meta before about widespread bias in the programme — meta often said verymark zuckerberg saying they're too politically biased, there have been too many mistakes and too much censorship, what did you think? i thought it sounded like the talking points of the new administration and its supporters because they've been saying it for many, many years and the timing of this announcement did not seem like any coincidence. and this is also the kind of thing that elon musk has been saying as he bought twitter and dismantled all of its content moderation. so, it seems highly political and coming at a highly political moment. and so, therefore, just talk me through your thought — what your thoughts are on being replaced by this community notes model. what will it mean, do you think? well, we've seen the community notes model on twitter and i don't think it's a very effective way of reducing hoax content and conspiracy theories. in some ways, it relies on consensus among people of wildly differing political views. and while we admire free speech and freedom of express

meta the owner _ donald trump presidency. meta the owner of — donald trump presidency.a the owner of facebook - donald trump presidency. meta the owner of facebook and - the owner of facebook and instagram, will end its third party fact checking programme and moved to a community notes system similar to one elon musk�*s platform users. restrictions on contentious topics like gender identity will also end. mark zuckerberg says this will promote freedom of speech which she hopes to prioritise overtaking misinformation.- prioritise overtaking misinformation. . , misinformation. we have built com - lex misinformation. we have built complex systems _ misinformation. we have built complex systems tomorrow i complex systems tomorrow content — complex systems tomorrow content but the problem with those — content but the problem with those is _ content but the problem with those is they make mistakes. even — those is they make mistakes. even if— those is they make mistakes. even if the accident he sensor 'ust even if the accident he sensor just 1%— even if the accident he sensor

i about what the changes mean for meta. ~ ~ , meta. i think the key thing to understand — meta. meta. i think the key thing to understand about this change meta. i think the key thing to i understand about this change is that nick clegg was brought on to solve a political problem in europe right after the cambridge analytical scandal that took place in the uk. hisjob was to scandal that took place in the uk. his job was to make sure that meta didn't get into any long—term trouble in europe — he clearly has not gotten into long—term trouble, european regulars are unhappy with the company but they've not done anything meaningful. trumpmy collection in the united states signals a huge change in us politics, and meta has been in conflict with trump because it banned him a number of years ago in washington, and kaplan, a prominent republic and politician, is somebody they correctly believe can negotiate with all the correct parties so that meta can by a favoured position within that menstruation. i don't think they are attending to be neutral any longer, think they are attending to b

meta will end third—party fact checking on its social media platforms in the us.he company will move to a community note system where commenting on the accuracy of posts is now left to users. of posts does not have to users. this announcement comes as mark zuckerberg and other tech executives prepare for donald trump presidency. the bbc�*s north american business correspondent has more details. the owner of facebook, meta, will end its third—party chat fact checking programme and moved to a community node system similar to one that elon musk�*s platform x users. restrictions on contentious topics such as immigration and gender identity will also end. mark zuckerberg says this will promote freedom of speech which he hopes to prioritise overtaking down misinformation. we built a lot of complex and systems to moderate content but the problem with complex systems as they make mistakes. evenif systems as they make mistakes. even if they accidentally just 16% posts that is millions of people. and we reached a point where there are too many mistakes and too much censorsh

donald trump cheered the move saying meta has come a long way. is a warning the platform could become even more of a cesspool of misinformation. the changes only apply to the us. there is no plan to apply it to the eu which is subject to ask the company to combat misinformation. the ceo said the decision to scale back content moderation was exciting. our north america technology correspondent has been on the ground in las vegas keeping up—to—date with the latest technological inventions and managed a doorstop. it has been sensory overload on the first official day of the event here, ces, and we have seen the introduction of new tv screens that promise to be bigger and better, the introduction of new accessories for gamers and companies continue to slap the label of al on just about everything you can think of but the big news on this tuesday has been an appearance by linda yackareno, the ceo of the social media platform x which is owned by elon musk. musk has been accused of spreading disinformation on the platform, especially as it pertains to e

so meta's founder and _ platforms. sure. so meta's founder and ceo _ platforms. sure.olitical policy chiefjoel kaplan have couched this policy change as one intended to expand the amount of political and civic discourse that uses can engage in on facebook, instagram, threads, all of the company's platforms. the internal materials i obtained include a long list of different hypothetical examples of user speech that is now permitted under the revised rules, and what this reveals is that the policy does not seem to be aimed at so much allowing for lively or descending political views but denigrating, dehumanising, slurring different ethnic, religious, racial groups — which is a form of speech but is not really in line with how the company had publicly characterised it. i think what a lot of users of x, formerly twitter, saw the changes implemented by elon musk, the new algorithm, less fact checking, it was visible, you could tell that was different content popping up than what they was before. what kind of impact do you think we could see on facebook or instagram now that

. >>> plus, meta's moderation moves. mark zuckerberg making a big change to how it monitors content. >>> then, caveat emptor. why the red flag is being raised. >>> and later, fighting words from the ceo of u.s. steel. and we reveal the winner of our 2024 acronym challenge. i know you've been waiting for that one. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, steve grags grasso, and katie stockton. >>> and as we mentioned, markets closing near their lows of the session. the nasdaq down 2%. the dow going negative on the year. the pressure coming as yields spiked on new economic data, but it wasn't just rates on the moves. nvidia plunging after hitting a new record early in the session. ceo jensen huang just wrapping up an analyst q&a after unveiling his a.i. road map. kristina pers artsinevelos has highlights. >> let's start with supply and demand. they confirmed they are not changing their guidance. they are shipping hopper and blackwell this quarter.

meta keeping its approach here in the us.ed in those places customer we are seeing an increasingly hostile relationship, particularly between x and european leaders. there have been strong words from the european commission in recent months towards elon musk. i wouldn't be surprised however if we saw meta's approach not necessarily those held moving away from fact chequers, it might not necessarily be implemented elsewhere in the world. this is a us political play going with the wind there. meta is about making sure it stays friendly with regulators around the world. ~ ., ., ., world. we will have to leave it there. thank _ world. we will have to leave it there. thank you _ world. we will have to leave it there. thank you very - world. we will have to leave it there. thank you very much. l the road might be bumpy for many car companies at the moment. but for the firm that famously claimed to make �*the best motor car in the world' — it's a just that little bit smoother! rolls royce motor cars says last year was a bumper yearf

says will make facebook instagram threads places free speech thrives here is a big ones meta will end third party fact-checking program in the united states instead moving to a community notes program similar to x, the company is lifting restrictions on certain topics immigration and gender identity or transissues, also increasing political content for those wanting it meta moving moderation safety team from california to texas to avoid political bias as well company ajdz too much harmless content senatored using automated system not using those to monitor for all policy violations, but only to scan for illegal what it called high severity violations terrorism child sexual exploitation scams mark zuckerberg announceded in a video posted to instagram meta new head of global affairs joel kaplan tells fox first only tv interview since take job blamed president biden and administration for trying to control content on social media. >> when you have a u.s. president administration, that is pushing for censorship, it makes it open season for other governments around the world, that won't ha

trump suggesting he can use the military to seize greenland and the panama canal, and the head of meta, mark zuckerberg announcing major changes and announces facebook and instagram are getting rid of fact-checkers. jimmy carter begins his lie in state beginning tonight. the member of a legendary folk trio that gave the world puff the magic dragon. remembering peter yarrow. >> this is "nbc nightly news" with lester holt. >> good evening and welcome. a wind storm -- homes are engulfed in flames in the pacific palisades section of l.a. forcing thousands to flee and forcing an incredibly dangerous situation. santa ana winds gusting up to 100 miles per hour and spreading for acres and acres. the plume of smoke visible from lax. officials warned of extreme fire danger, the highest ert. tonight the danger has become a reality for those caught in the path. as the flames and the smoke spread today some drivers abandoned the vehicles causing gridlock for others, including our own liz kreutz who found herself flanked by fire on both sides. liz joins us now from los angeles. liz, it is a desperat

and remember meta is out on the 29th. and they will tell you a lot more about this in the profitability. >> so then therefore this should bode well for the markets overall. >> yeah i. think well the markets are. reliant on mega-cap. tech and mach seven. so whichever way they go they ultimately the market goes. but to your your question, google has a path for the spend. amazon has a path for the spend. apple has a path for. the spend. there's only those tertiary names that don't. so you can make a case that they're just fostering. if the market is reliant to the tune of 40%, 30 to 40%, resting on the back of the workhorses which are mega-cap tech, this is good news for the market. this is good news for the tech sector. >> so which of the big cap tech companies is your favorite at this point? >> i still think it's nvidia, particularly after this news. i think they're squarely i mean, i know they've been knocked down to what is it third now. but i think that they still are the engine that is that is leading to this growth. i

meta will rely on community notes. in other words, user input similar to what elon musk's x platform does is part of a move to loosen up home meta-mac loosens content. they will lift restrictions on gender identity and immigration, allow more politics into people's feeds, and move its trust and safety team from liberal california to ruby red texas all just days before president elect trump retakes the white house. >> the recent elections feel like a tipping point toward once again prioritizing speech. >> some critics concerned. >> fact checking is not censorship. >> what do you see as the trump factor here quick >> it's obviously a political decision. >> the next four years the trump administration will set key policy on tech topics like antitrust and a.i. >> and interim's news conference, he was asked about the move by meta and whether he thought it was partially influenced by the threats he made to jail mark zuckerberg. check out his reaction. >> i think they've come a long way, meta-mac, facebook. i think they come

meta has launched a new lan that. meta has launched a new [an that that. new plan that will _ that. meta has launched a new plan that will allow _ that. meta has launched a new plan that will allow buyers - that. meta has launched a new plan that will allow buyers on i plan that will allow buyers on facebook marketplace to browse list from ebay. the role that will began with a test in germany, france and us first. the news sent ebay's shares are soaring 9% on wall street, meta's move is to please the commission and executive body of the european union after the chelator fight the company back in novemberfor trying — for tying its marketplace products of the main facebook app. in those economy is slowly courtly but growth remains strong in over 6%. low inflation and expect the rate cuts next year could boast consumer spending and investments. our business correspondent. india is admitted to grow at a slower pace than previously anticipated that and in march 2025 as well as in the following year. the reasons for that, we consumer demand, lower private invest

meta doubled down, $65 billion in terms of. more rooms to understand what deepseek is doing, understanding how perfort training. it is about theira for that? microsoft comes in down 6%. again, they put $13 billion into openai. no one is saying that is a squandering waste of money but the numbers are simple. if we can trust these numbers, is this real? lots of questions we can ask around that, but right now you are questioning that $13 billion investment into openai. jonathan: that stock gets hammered. i think meta has to drop more than 3% before mark zuckerberg puts on a suit. lisa: he now has his necklace brand, which will carry him a long way before that. jonathan: american tech exceptionalism put to the test as deepseek reynolds the market. the nasdaq down by 3.9%. the tech stocks on the stoxx 600 in europe getting hammered as well. asml the big victim there. annmarie: this is putting an absolute ranch in the supply chain of semiconductors even if they are doing this off of the less advanced chips, they are doing it off of o

meta says that will promote free expression.s mark zuckerberg and other tech bosses are preparing for that donald trump presidency. meta, the owner of facebook and instagram, will end its third—party fact checking programme and moved to a community notes a system similar to one that elon musk�*s platform x users. restrictions on contentious topics like immigration and gender identity will also end. ceo mark zuckerberg says the school promote freedom of speech which he hopes to prioritise over taking down misinformation. irate taking down misinformation. we build a taking down misinformation. - build a lot of complex systems to moderate content, but the problem with complex systems as they make mistakes. even if the accident sent a just one i% of posts, that is millions of people, and we have reached a point where it is too many mistakes and too much censorship.— mistakes and too much censorshi. ~' , ., censorship. mark zuckerberg and other tech executives _ censorship. mark zuckerberg and other tech executives have - censorship.

meta has elected the boss of ultimate fighting championship — dana white — to its board of directors.gtime friend of incoming us president donald trump, who previously had a tense relationship with meta's chief executive mark zuckerberg during his first term in office. in a facebook post, zuckerberg said that he admires dana white as an entrepreneur and how he built the ufc brand. the tech giant has also elected two other board members including a former microsoft executive and the boss of exor — an italian holding company. meta in india has appealed against an order of the country's anti—trust watchdog which had imposed a penalty of nearly $25 million against the tech giant last month. the bbc�*s arunoday mukharji isjoining us from delhi, arunoday, can you explain what's happened? meta has essentially appealed at the tribunal and the matter is going to be heard on the 16th of january. essentially this stems back to a new privacy policy from 2021 when essentially the social platform came up with an update which shared user data with other meta apps. the argument is that because of the

get us up to speed with what this means for meta. it is definitely _ this means for meta.eans for meta. it is definitely being seen - this means for meta. it is definitely being seen as l this means for meta. it isi definitely being seen as a relief even though it is temporary because the tribunal hearing the appeal said they were continuing hearing meta's arguments and the major arguments and the major argument it has made if they go ahead and comply or have to comply with the order of the competition watchdog last year, it could impact the advertising business. they also said in the past... they have said the competition commission of india, the and the trust watchdog, does not possess the technical expertise to understand the ramifications. the matter is in the appellate tribunal and could be challenged in the indian supreme court but we have not got to that stage. this is stemming from whatsapp�*s 202i privacy policies and the accusation was, that went to the competition commission, that whatsapp did not provide an option to users when they provided an update and they

meta platforms? mark: i think so. users, if i can't really use tiktok, there's a wonderful value proposition there and people will look for other short form video places and youtube shorts and reelz could be beneficiaries. advertisers have these formats nailed. they've got them locked in. they will have to find the other obvious places, which are google and meta. tim: what's the chance that this actually goes through with tiktok? mark: i don't know. i think it's still a minority chance. i don't think it's a probability. 25%, maybe? i'm struck by talking to investors this believe that there is a single digit thing going through. this is the law of the land. there are first amendment aspects to it, but it's not a first amendment issue and this was a broad, bipartisan congressional law that went into effect, it was pretty well voted on by both democrats and republicans. you know, this is the law of the land going into effect. but who knows what will happen in the next couple of weeks. i'm a little baffled by this. anyway

how is meta's plan going to work? >> will look more like community notes on x and less like outright removal of content or censorship. meta says the changes that announced today will make facebook, instagram and threads places where free-speech thrives. are the big ones, they are getting rid of their third-party fact checking program where those community notes come into play, the company is listing restrictions on certain topics like immigration and gender identity or transit issues and increasing political content for people who want to see it and moving content moderation and safety team from california to texas to avoid political bias. meta is acknowledging too much harmless content has been censored because it uses automated systems. it's not going to use those systems to monitor all policy violations but only to scan for ill legal and what it considers high severity violations like terrorism, child sexual exploitation and scams. mark zuckerberg announced the changes and a video posted to instagram this morning a

meta will now rely on community notes.r input, similar to what elon musk's x platform does as part of a broader move to loosen up how meta moderates content. it will lift restrictions on hot button topics like gender identity and immigration, allow more politics into people's feeds and remove the team from california to ruby red texas. all days before trump takes the white house. >> the recent elections also feel like a cultural tipping point towards once again prioritizing speech. >> reporter: it's a political evolution for meta after they suspended mr. trump's account in the wake of january 6 and months after the president-elect accused zuckerberg of plotting against him, calling for life in prison if zuckerberg did it again. after trump's win, zuckerberg traveled to mar-a-lago and donated to the inauguration fund. >> meta, facebook. i think they've come a long way. >> will you be directly responding to the threats that you have made in the past. >> reporter: some critics concerned. >> fact checking is not censorship. >>

meta in india has appealed against an order of the country's anti—trust watchdog which had imposed alion against the tech giant last month. the bbc�*s arunoday mukharji isjoining us from delhi, arunoday, can you explain what's happened? meta has essentially appealed the tribunal and if the matter is going to be heard on the 16th ofjanuary is going to be heard on the 16th of january now urgently. essentially this stems back to a new privacy policy from 2021 when essentially the social platform came up with an update which shared user data with other meta apps. the commission order said that whatsapp cannot do that for a period of five years and also imposed that penalty. the argument that competition commission gave is that it undermined uses autonomy because they did not have a choice in actually choosing the update or not choosing the update or not choosing the update in order to access that platform. that is the argument the commission made. the matter is going to be heard on the 16th of january. meta has always maintained that this new update did not change or effect any user priv

a few hours ago, president biden criticised meta�*s move to end fact—checking.check anything". and you know, when you have millions of people reading, going online, reading this stuff, it is — anyway... ithink it is — i think it�*s really shameful. meta is also ending its diversity, equity and inclusion programmes according to an internal memo to employees. it�*s the latest in a series of actions by meta cheered by conservative groups — who have threatened to sue companies over diversity programmes. meta is one of several major corporations to reverse dei schemes before donald trump takes office, alongside mcdonald�*s, walmart, and amazon. tesla chief elon musk and right wing activists have — without evidence — blamed inclusion programmes for hindering the response to raging wildfires in los angeles. for more on this i�*ve been speaking with sam biddle. he�*s a senior technology reporter at the intercept, a progressive investigative news outlet. he�*s been reporting on ways meta allows users to post derogatory remarks on their platforms. meta�*s founder and ceo

our hallie jackson explains. >> reporter: new fallout after meta's megamove to eliminate traditional fact-checking. >> we reached a point where it is too many mistakes and too much censorship. the fact-checkers are too politically biased and created more distrust. >> reporter: instead meta will rely on community notes or user input as part of a broader move to moderate how meta lifts contest and lifts restrictions on hot button topics and allows more politics into peoples feeds and move the trust and safety team from liberal california to ruby red, texas, days before president-elect trump retakes the white house. >> the recent elections feel like a cultural tipping point to prioritizing speech. >> reporter: a political evolution for meta, four years after facebook suspended trump's acts in the wake of january 6th and months after trump accused zuckerberg of plotting against him in 2020, calling for life in prison if he did it again.ted to the trump after the win zuckerberg travelled to mar-a-lago and now dana white is joining meta's board. >> i think they have come a long way. >> do

joel kaplan was a republican lobbyist for meta. he's now head of policy. yesterday they announced dana white of the ufc, long time ally of donald trump, to the board of directors of the company. what does it tell you about all that's going on here from a business perspective? >> listen, if you just look at the stock, this is a 1.5 trillion market cap company. it's been bottom left, upper right since 2012. this company will do over $150 billion in ad revenue. 96% of their total sales come from advertising. at the end of the day advertisers will have the final say on what they think they want to have their ads next to on these sorts of platforms. is he thinking about it from a political standpoint? sure. the fcc has a lawsuit trying to break up this company from a monopoly standpoint and they have a disproportionate amount of the ad sales that exist on the internet. obviously google is their biggest competitor relating to that and google is being sued by the ftc and the like. this is clearly political and i know you've been really focused on this. think abou

it's worth noting, by the way, that meta and apple are higher. and we'll tell you why that might be coming up in just a bit. i powerplays they're all lower, as well as their other software stocks tied to the space. so it is a dramatic and widespread sell off. if it's ai, it is largely lower today. fundstrat's tom lee will be here in just a bit with his view on the markets and where they might head from here as well. he'll try and put some of this into context too. it does take us to our talk of the tape, the deep sync today in ai stocks and whether. >> this is. >> in fact a watershed moment for investing in that space. let's start with our own deirdre bosa. she's been out front on this story from the get go. why are we seeing what we are seeing d. >> because the. >> whole story the whole narrative has changed and it happened so quickly. i mean, you could argue that it went back earlier than deep sync. but really over the last few months, there's been this acceptance in the ai world that we sort of scaling laws. we hit a wall in terms of data, and

meta gave trump's team an advanced heads up that the meta policy change was coming.uckerberg recently joined major tech ceos like apple's tim cook, amazon's jeff bezos and spotify's daniel ek in courting the president elect. one analyst says this about zuckerberg losing his fact checkers. >> trump is a big winner. the republican party is a big winner. maga is a big winner. the loser, of course, is correct information in making his announcement, mark zuckerberg acknowledged that his new policy could create new problems for content moderation. >> zuckerberg said the said the reality is that this is a trade off, and it means facebook and instagram would, quote, catch less bad stuff. but he also said it would reduce the number of innocent people's posts and accounts that they accidentally take down. wolf. >> brian todd reporting. brian, thanks very, very much. i want to get some more analysis right now on these huge changes coming to meta. i want to bring in cnn chief media analyst brian stelter. brian, let me play for you and our viewers that sound from mark zuckerberg

at meta of coming from mark. there has been a change over last four years. we saw a lot of societal and political pressure in the direction of more content moderation and censorship and we have a new administration and president coming in, big defenders of free expression and that makes a difference. >> brooke: zuckerberg blamed biden administration for forcing the censorship. >> steve: meta announcing this stuff and they talked about last four years and they are taking a shot at biden administration. biden would say, there is something we don't like, it is not real or inappropriate, take it down. meta and other companies got to make their own decision. when federal government says take that down because of fill in the blank, they usually took it down. now mark zuckerberg said it will change. he said what started as movement to be inclusive has been used to shut down opinions. >> lawrence: i think it goes back to brian's question to joel during the interview. would it be helpful to release files and documentation

meta is announcing major changes to its censorship policy.'s chief global affairs officer is here in the studio. is he going to join us in a moment on meta's renewed focus on free speech. >> brian: very close to coming to the couch according to reports. >> a flurry of new actions as president biden is on the way out. now is he transferring 11 detainees suspected of having ties on al-qaeda out of get mow to start a new life. >> ainsley: so they can go and get married. play soccer. and serving her country infantry in the military and as miss america. two roles, one lady, air force second lt. madison marsh reflects on the pat year doing double duty. >> lawrence: i can't wait for that the second hour of "fox & friends" starts right now and, remember, mornings are better with friends. ♪ all right. buckle up. we have a fox news alert. moments ago meta the parent company of facebook and instagram announcing they are changing their policies to focus on free speech. ceo mark zuckerberg saying this. >> we're going to get back to our roots and focus on

>> well, meta would benefit. some of tiktok's rivals will benefit if this app suddenly is no longer updated in the app store and gets worse and worse, and essentially becomes crippled by this action by the u.s. congress, will donald trump be able to do anything to stop it? i think that is the grand giant question now. >> yeah. all right. >> brian stelter sarah fisher to reverse it, actually, to reverse it in the months to come, right? >> yes, thanks to both of you. it's always great to have you. and we appreciate you sticking around for two segments. thanks so much. >> thank you. yeah. >> we continue to follow the very latest on the deadly california wildfires. and later tonight i'm going to talk with the deputy chief of cal fire for an update on that situation. we're going to be right back. >> the whole story with anderson cooper tomorrow at eight on cnn. >> are you tired of that old worn out bath or shower? >> now you can have a new one installed in just one day with a new limited time offer from jacuzzi, bath

to get your reaction to meta's shift? >> taking the meta piece out of it, just saying broadly, misinformation, continues to be a concern of the democratic caucus, to be a concern of members on energy and commerce committee we'll have robust debates, american public needs to have certainty behind information they see. or it needs to have disclaimer that this is some you much news outlet making it up. that is the concern that we have. but, it is clear that in this donald trump era, companies are pay attention, they are being paying particular attention, incoming administration does not care if what you spread is truthful or not, that should be a for us. while navigating complex word we live in. people get information from a variety of sources. that is our world. >> does congress have a role? >> look, energy and commerce combity thinks they have a role every everything. i would imagine in that room, you will hear robust discussions on what they can regulate. and what they should be regulating. looks like -- >> i don't have t

. >> now to a major shift for meta getting rid of its fact checkers before donald trump returns to the white house, facebook and instagram users will see a replacement, much like the system used on x. abc's lionel moise has the details this morning. >> reaction to meta, facebook's parent company, announcing it's eliminating its third party fact checking program, which was in place to fight misinformation. >> we've reached a point where it's just too many mistakes and too much censorship. >> ceo mark zuckerberg saying fact checkers have become too politically biased and will be replaced with a community note system similar to the one used by elon musk's company x, where users decide what posts are misleading. >> he did go out of his way to say that they're aggressive moderation of content like terrorism, drugs, child exploitation will continue, but that content around politics is now changing because zuckerberg went on to say that that's what he's hearing from the community. >> but critics say the change will lead to more misinformation. they argue misleading posts are often amplified.

board. >> meta.k. i think they have come a long way. some critics concerned. >> reporter: what do you see as the trump factor, if you will here? >> this is obviously a political decision. >> reporter: the trump administration will set key policy on antitrust and ai, and as meta pushed into the world of artificial intelligence, new tonight nbc news found user generated chatbots violating meta's policy over creating characters based on religious or real life figures. meta took down the individual accounts and say they are improving their detection measures. >> a historic scene in washington as the body of former president jimmy carter arrived at the capitol rotunda. >> reporter: enduring rituals and ceremony, mark saluting a man that valued a humble life. >> he served the people. he left the world better than he found it. >> reporter: the honor of lying in state brings together the carter family with leaders, dignitaries and the american people to show gratitude and respect. >> to honor an extraordinar

in this decision by meta.y meta. david, on that point with _ decision by meta. david, on that point with regard - decision by meta. david, on that point with regard to - that point with regard to reaction following along political lines, there is this argument and you touched on it with regard to community notes especially in conservative circles that it empowers users and can hand power back to them. what do you make of that? the idea of a more democratic and transparent system where the people using the platform are involved in making decisions about what is right and wrong is, in theory, a good idea and can work in some specific situations. but as one fact checker pointed out to me today when speaking to them, they said you still need experts, especially in areas like medical misinformation all scientific misinformation where you really need experts to weigh in on these topics in order to have a system that works, that people can trust because, as we have seen happening on x, there are users who are using t

meta facebook. i think they've come a long way. >> do you think he's directly responding to the threats that you have made to him in the past with these actions? >> yeah, probably. >> joining us in our fifth seat at the table, teddy schleifer, a new york times reporter who's been covering all of this. teddy, i have a lot of questions about the t-shirt, the chain and the very expensive watch he was wearing. but on the mark zuckerberg change up. what is behind this? do you think so? >> mark zuckerberg is making the exact same exact opposite reaction to the 2024 election that he had in 2016, when trump won eight years ago? that was sort of the beginning of this era of what was then facebook, where mark zuckerberg was obsessed with kind of pleasing his critics in the media and the democratic party from other people in technology. now, mark appears obsessed with pleasing the new administration. and this is not somebody who i think has particularly strong political beliefs at his core. like, this is not s

meta.ears, eight years, they have decided that that's dangerous. and they had and systems in place to limit misinformation, to fact check important things. now you're seeing with donald trump coming into office, that they're really throwing away a lot of the work they had done in this area. >> and it's obviously impossible to ignore the fact that donald trump hates fact checking. >> he wants to have these platforms allow him to get his lies across to millions of people without being fact checked. mark zuckerberg now is giving him exactly what he wants. >> oliver. darcy, unfortunately, we're going to be having this conversation a lot over the next four years. thank you very much for coming to the saturday show. thank you. and up next, an inside look at the 119th congress with one of the freshman members who's already made history. congressman suhas subramanyam of virginia joins me next. >> are you overwhelmed with identity management in the context of omnipresent threats to your organization

it absolutely is and meta ceo mark zuckerberg has plenty of damage to repay.rms. instagram and facebook and also it owns whatsapp, so there is a lot at stake here. but mark zuckerberg and president—elect donald trump have had a rocky relationship. almost exactly four years ago, trumpeter potter stormed the us capitol on january potter stormed the us capitol onjanuary six, potter stormed the us capitol on january six, 2021, potter stormed the us capitol onjanuary six, 2021, attach— trump supporters. after that donald trump was removed from facebook and that cause a rift. mark zuckerberg is trying to repair that wreathed on the idea of prioritising free speech over catching bad information is the kind of set of values that donald trump is going to agree with and this could go a long way to repairing the relationship. interestingly, at ces where you are is the chief executive of ex— and of course the strategy that meta is following is already implemented at x present we tried to get a pop a comment with the boss of x look at what happened. iiiiuiith comment with

meta. just talking. >> about partying, creating data centers that are so large. >> they will cover. >> significant part of manhattan. >> i'm not sure. >> what. >> he talks about in significant. well, you get a sense here. now, you said, by the way, back to our other. >> theme that. >> we'll endlessly talk about. >> you get a. >> sense of the challenges for power and things of that nature. >> well, we have to spend so much time on power because we are beginning to get when i've been dealing with these natural gas companies, it's they're being green lit and they're not being talked about, and they're starting to realize, why is everything being nuclear? because nuclear is 7 to 8 years, okay? 7 to 8 years. and if you go over the ge venmo quarter, it is that's why someone downgraded ge over to that guy doesn't know what he's doing. the ge renova is they've got all bases covered. but it's natural gas but it's natural gas i mean parish. >> data center in louisiana. >> is one of the biggest. >> on

look at last week what happened with meta.ome out and say they're increasing their capex spending for the year from $40 billion to $65 billion. they celebrated that the stock price went to a new all time high. now with the deep seek all of a sudden. number one. on the app store, you are seeing it rival and suggest are we spending too much? if you look at what deep sea is actually doing when you break it down, frank, all these gpus that nvidia makes the really high profit, the blackwells, the $40,000 gpus that they have 90% margins. you are now seeing those maybe not being necessary anymore. so now they're going to be questioning. on the capex spend. and i think if you think about the model itself, if you can build a model for 2%, typical model training is over $100 million. deep sea did it for under $6 million. so that in itself is fascinating to me. it's going to make stock pressure on all those tech sectors. >> all right. so jeff, we got to get going. i need a very quick answer. does this change your view when it comes to nv

which is meta.eo mark zuckerberg slamming notiak f lk roracof invaon and deceiving people among other things. we are back with more after this. e key to ng rich is knowing what counts. (in atrocious french) au revoir mon amour. a bientot let's work on that french, shall we? (♪♪) au revoir mon amour. a bientot (in perfect french) au revoir mon amour. a bientot (♪♪) appreciate it so much. thank you. doors are new beginnings. -surprise! -surprise! your dedicated fidelity advisor can help you open those doors. for you, mama. through personalized money management that can evolve with new chapters. and they can proactively view your entire portfolio. with an eye on taxes and the impact of risk. so you can enjoy moments together. because doors were meant to be opened. >>> apple shares have been sliding this year and down about 10% since the record close on december 26. the company reported losing market share in china. mark zuckerberg had harsh words during his appearance on the joe rogan experience podcas

meta eliminating fact checkers. it's the latest step away from the left and toward a more trump-friendly future in big tech. details and a look at the bigger battle that may be brewing. >>> there's been a lot of apple news. a lot has been bad. that comment courtesy of craig moffett. a rare downgrade to sell the stock. he makes his case just ahead. >>> morgan stanley called cyber arc a beneficiary of the treasury act. the ceo joins us with how they are hoping the footprint will expand with a new administration. >>> let's check on the numbers. >> the reason why you and i and everybody talking about the ten-year is because it's the highest level since open is one of the reasons why you see markets under pressure right now. the rising rates not good for valuations. look at the dow industrials, down 70 points. 42,641 is the level for the blue chip. broader s&p 500 is now back below that 6,000 mark. 5,934. two-third of one percent decline. look on 5,950 the medium term 50-day moving average. below that level and just to g

meta added trump ally, dana white, to its board and a former bush staffer.rday. >> i think they've come a long way, meta, facebook, they have come a long way. the man was impressive. actually, i watched it on fox. i'm not allowed to say that. >> do you think reis responding to the threats you made to him in the past? >> probably. >> all right, so for much more on this, let's bring in the university of pennsylvania's wharton school of business. he's also a cnbc contributor. thank you for joining us on the show today. >> happy to be here. >> i want to get your initial reaction to what we heard from mark zuckerberg. he mentioned that the steps they will be taking will be similar to x. what was your take on what he had to say? >> similar kind of take, frank. i think what we're seeing here is not super surprising, we're looking at a tech company who is basically saying listen, we have to make sure that we are not in regulatory harms way here and so it's been very clear that the president-elect has stated very clearly that listen, you are with us or you're not. so

compared to the nuclear mushroom cloud of what took place on meta. yet meta is immune.what you have is these companies that are circulating or kind of a misinformation lollapalooza, quite frankly, are just running away with it in terms of profitability, in terms of shareholder value. so they're totally driven by shareholder value. they're doing their job. we're not doing our job in terms of electing representatives who have the backbone to stand up to attempts to weaponize the government and still believe in a democratic america, where there's competition, where misinformation, where a lack of truth, a lack of trust in our institutions remain pillars of our society. that seems to be that seems to be eroding. but they will they will go where the puck goes. and that is whatever increases the value of their shares. >> scott galloway, i appreciate your time. thank you. >> thank you. anderson. >> coming up back to the fires in pacific palisades and live reports from two of our correspondents right in the middle of them. plus, why donald trump jr. was just in greenland the da

meta announced it's getting rid of fact checking on its social media norms.e move, not everyone is on board. kelly o'grady looks at what the change means for you. >>> it's time to get back to our roots around free expression on facebook and instagram. the fact-checkers have been too politically biased and have destroyed more trust than they've created. >> reporter: meta ceo mark zuckerberg announced major changes including an end to the fact-checking program relying on users instead. >> it means we're going to catch less bad stuff. but it will reduce the number of innocent people's posts and accounts that we accidentally take down. >> reporter: what does this look like? whether it's instagram or facebook, you'll see a notes label as you do on x. for example, this elon musk most users added this context. but critics warn removing fact-checkers could breed misinformation. the international fact-checking network, one of the third parties used by meta, tells cbs it's unfortunate that this decision comes in the wake of extreme political pressure, but some are chee

at meta. the companies announced last week that it's getting rid of fact checking. and then today. >> bloomberg is reporting that ceo mark zuckerberg plans on cutting 5% of his workforce. kron four's rob nesbitt reports on those numbers. 5% of employees means about 3600 people at meta. we'll be losing their jobs that represents the largest cuts made since the company eliminated. 21,000 jobs in 2022. 2023 meta employees on edge. finding out that 5% of the company's workforce will be laid off. >> those employees will receive notice next month. and ceo mark zuckerberg says this decision is to move out. low performers. tech jobs used to mean job security. the president of technologists research bob o'donnell says that's no longer the case. mark zuckerberg, the ceo believes they have to work. >> more quickly to weed out what he's calling loper former. so getting much more aggressive in the means by which they do. these performance-based reviews. and i think that's a trend we may see more of in silicon valley medicines laid-off employees will receive severance in line wit