metaverse. in fact they justÑi■renamed the company. the newt discussion went >> he said part of this was -- heó■■■used the word awkward tryg to getj■e■ away from the awkxdns thatr facebook name above instagram i■ g identities i would say most people don't knowç■ that facebook owns what's app. really this metaverse is what he is spending his time on, ■ they are spending their money on we heard in earnings they are going to bep,■ spending $10 bilo on this stuff this year alone. this really for him wase1 more about he told me solidifying the direction they are goingx■in lot of -- orñ2e yourself from the brand baggage that exists with facebook today? he said, no, he said i was introspective about it and if i felt like in my heart that i was kind of running away from something versus running towards something, i wouldn't do this. >> alex, it's dom. in yourfá conversations, what sense didçó■you get from ua■-■ zuckerberg about what hisnn■■--■ life would be like running facebook in the coming years do you feel as though this is a■ crossroads, a transi

lots of their users, and that they are committed to both privacy and safety when it comes to the new metaverseto policymakers about her fears that user safety is not being prioritised by facebook. that was marianna stone talking to us earlier. time now for a look at the weather. good evening. there is yet more rain in the forecast for this weekend. not great news for those in many parts of the uk that could really do with a chance to dry out. but the one thing we can say is that the various bouts of rain should move through fairly quickly, so there will be some drier, clearer, even sunnier gaps in between. this is how things turned out today. heavy rain that drifted across parts of wales, northwest england and made for a really soggy afternoon across scotland. we saw some showers following on, and then this line of showery rain pushing in from the west. and that is going to work its way eastwards as we move through friday night into the first part of saturday morning. things, though, by the end of the night should be drying out again across northern ireland, and for the eastern side of scotlan

liz: oh, boy, facebook meet meta , your new replacement the new name reflects the company's push toward the metaverseers will be able to join in games, work, live with just a login, and a virtual reality headset. after the new announcement, facebook, or meta shares, did jump up 9%, they have moderated they're now up 3.7% at the moment there will be a new ticker as well, mvrs. metaverse, and will begin trading on december 1 but the new announcements & company rebranding come in the wake of disturbing in-house documents showing that facebook refused to alter its business model even in light of proof that the site amplifies hate speech, misinformation and content dangerous to teen's mental health and since the whistleblower's accusations, major other players and facebook investor cheerleaders are nowism pressing disillusionment with the social network in a time magazine column, you look at the cover of this thing, it says delete facebook? october 25, 2021 entitled facebook will not fix itself. early facebook investor roger mc na e sofilicon fabookbog tghis. this.stedst inin essen ecess,ence,,kakare t. e

lots of their users, and that they are committed to both privacy and safety when it comes to the new metaverseears that user safety is not being prioritised by facebook. the energy regulator says it may change the way it caps bills for millions of households across britain as a major spike in gas prices drives suppliers out of business. ofgem has given no details of what adjustments it might make to how the cap is calculated, but will set out its thinking as it launches a consultation next month. currently the regulator caps the energy bills of more than 1a million households at £1,277 per year on average. our business editor, simonjack has more. the recent spike in energy prices exposed problems in the energy market. one is the existence of the cap itself. here you have a market where the wholesale price moves on a daily basis, and yet you have got this cap which is set twice a year, so pretty inflexible. so when you see wholesale prices shooting up, you have some companies who have made promises to their customers but haven't pre—bought the gas at the right price to be able to supply them, s

frances houses says she is feared that will continue in the new metaverse. >> i was shocked that facebooke metaverse and they will hire 10,000 engineers in europe to work on the metaverse. safety is a cost center, not a growth center which is very short term in thinking. >> reporter: what is not short term, the insidious effects of facebook's social media platforms worldwide. regulators have so far failed to create and enforce laws that prevent the worst abuses online, those powered by algorithms and a.u. that can officially disperse misinformation and hate and to that zuckerberg has added a new challenge, the potentially and more invasive metaverse. paula newton, cnn. >>> president biden's foreign agenda takes center stage on the final day of the g-20 summit. we will take you next live to rome. aveeno® daily moisturizer really make my dry skin healthier in one day? it's true jen. this prebiotic oat formula moisturizes to help prevent dry skin. impressive. aveeno® healthy. it's our nature.™ new daily moisture for face. ♪ >>> it is sunday, october 31st. welcome to your "new

she said she fears the same problems will occur in the new metaverse. >> i was shocked to hear recentlyo work on the metaverse. i think there's a view in the company that safety is a cost, cost center, not a growth center. i think it is short term in thinking. >> reporter: what is not short term, the insidious effects of their platforms worldwide. regulators failed to create and enforce laws that prevent the worst abuses online. those powered by algorithms and ai that can efficiently disperse misinformation and hate. to that, zuckerberg added a new challenge, the potentially even more invasive metaverse. paula newton, cnn. >>> an illness ended one pilot's career, didn't stop her from helping others. here's today's "the human factor." >> my name is nicole. i spent 21 years in the united states air force as an officer and fighter pilot. i was selected to be the first woman to pilot in 2005. i got bit by a tick, overnight i went from a healthy firefighter to someone completely broken. i was bedridden 22 to 23 hours a day. for nine months struggled to walk, talk, read, write. they diagnosed

reporter: facebook points to create the new internet, metaverse using technologies like virtual and augmentedeality. the social media company aims to create a greater sense of virtual presence, as sort of xt-generation online gaming that goes beyond gaming, where people, or their avatars can go shopping. to build the new computing platform, the company wants to tap european tech talent, with a plan to hire 10,000 people within the next five years. >> we will have many jobs in the coming weeks. we will hire engineers, researchers, devopers and product managers who will take part in building the metaverse. this virtual environment in which people can do business, work, and play. reporter: a promising new market for some, a dystopian sci-fi nightmare for others who are concerned about online privacy and personal data. >> there is the issue of managing content on social media and it is precisely over days, that facebook faces criticism. so i think the model needs to change. if the same rules are on social media are tbe applied i don't think this new platform can become a huge success. reporter: t

metaverse? ed: the other big takeaway was the hardware announcement, this new generation of oculars. time during the presentation, we began to understand what is actually the metaverse. if i am a customer, how i experience it. they outlined the interesting health care and fitness scenarios. imagine doing a fitness class but instead of using a peloton you, are wearing that ocular headset, you are seeing the people in class with you virtually. you might be on the east coast, and might, be on the west coast we are wearing the same hardware. they stressed this broad use case for the hardware and the platform itself. it is not just gaming, it is how we do business, enterprise, e-commerce. do a virtual meeting so i don't have to fly, and save the planet, cutting the carbon footprint. this is a long way from being real. emily: i spoke to meta's nicola mendelson in the show and asked if this is facebook running away from something. she said absolutely not. do we think this will change the conversation? ed: this idea was first reported on october 19, investors have had time to that just and th

news. >> reporter: and what of this metaverse? an executive and investor in the space says it's really not all that new. >> if you think about it in general, we've been in a quasi-metaverse for a decade now, right? think about how much time you spend glued on your phone, on instagram, right? >> reporter: he's got a good point. and extra points if you've read snow crash or nura man. facebook talks about the metaversion as if it's a new platform and that means a new batch of privacy concerns facing us and our kids in the future. jessica, be prepared. >> thank you, scott. good point there. in fact facebook has engendered scrutiny almost since its launch in 2006. a 2011 ftc investigation made the company address the tracking and sharing of user data. then donald trump's presidential win raised allegations that facebook influenced the election. in 2017 it was accused of supporting ethnic cleansing in myanmar. 2018 when the world learned cambridge analytica gathered 87 million facebook profiles and was accused of using them to manipulate

— our names the metaverse is a new name _ our names the metaverse is a new name change for whaten whether science fiction writers or analysts, or people — fiction writers or analysts, or people like mark zuckerberg or the founder of second life. and ithink— the founder of second life. and i think it's — the founder of second life. and i think it's the one you have this— i think it's the one you have this sort— i think it's the one you have this sort of homogenous body of people _ this sort of homogenous body of people who are creating this next — people who are creating this next layer of the internet you are setting yourself up for having _ are setting yourself up for having an experience that does not necessarily apply to everyone or consider everyone. and i_ everyone or consider everyone. and i think _ everyone or consider everyone. and i think right now the answer— and i think right now the answer to that is, well, don't worry— answer to that is, well, don't worry we _ answer to that is, well, don't worry we are designing avatars that reflect what real people took — that ref

logo and new stock symbol, mvrs, as in metaverse. >> i am proud to announce that starting today our company is now meta. >> given some of the other types of headlines and reputational things that have been out in the news about facebook, i would say that the timing is certainly interesting. >> basically just going beyond borders here, the whole new world for facebook. the important thing to know about all of this is if you go onto facebook or instagram or whatsapp, you're not likely to notice any changes, but expect debate over what this means over growing controversy the company faces. coming up we are talking about what's behind this name change. is this a pr move in terms of the pr crisis facebook faces and will anything really change when it comes to facebook's image. that's tonight at 7:00. >>> starting monday thousands of offices, health clubs, places of worship in the east bay will allow people to take off their masks indoors. alameda county is joining san francisco, contra costa and marin counties by easing mask requirements in some places. you have to

metaverse? ed: the other takeaway was the hardware investment, the new generation of oculus. ame to understand the presentation what is the metaverse? if i'm a consumer, how to why experience it? they talked about the health care and fitness aspects. if you are on a pallet on, you are seeing the people -- if you are on a peleton, you can see the people in a class with you. they stressed the case for how we use it. it's not just gaming. business meetings, you don't have to fly to new york. this is a long way away from being real. emily: i spoke to a representative from meta earlier. we think this is going to change the conversation? ed: this idea was first reported october 19. investors have had time to digest and they've been commenting this is not sweeping around -- sweeping under the rug . the corporate structure is the same. how the business is run is the same. what is this actually change? emily: we shall see. thank you for your reporting today. that does it for this edition of bloomberg technology. tomorrow, we will be joined by the microstrategy ceo. i'm emily chang in s

as much as we are figuring ourselves out and considering changing our names, the metaverse is a new nameen pushing already for decades at this point. my other concern is just about inclusivity in the metaverse. a lot of the conversations we have heard so far, some of the most prominent voices around the metaverse, this panel not included, happened to be people who identify as men whether science fiction writers or analysts, or people like mark zuckerberg or the founder of second life. and i think it's when you have this sort of homogenous body of people who are creating this next layer of the internet you are setting yourself up for having an experience that does not necessarily apply to everyone or consider everyone. and i think right now the answer to that is, well, don't worry we are designing avatars that reflect what real people look like. and that's great but does not necessarily consider the harms or potential harms or social dynamics that would exist for people who come from underrepresented or marginalised groups who deserve to have the same safe experience and the internet as t

stock at 315 playing with the house's money what i care about is the new and glorious metaverse itselfest force in tech on thursday, i am not kidding. how you will be able to get together with your favorite artist and writers and past and future in a virtual room it's not that much of a leap to imagine that not you but your avatar can play with lebron or kobe, some sort of virtual nb deceased game. i want to play with my wife because she plays a mean game. i want to be in the aim same ro. >> my wife and i sponsored a baby heart funds, we work hard to pay tuition for doctors to learn how to do these transplants but they can't practice on real babies, in the metaverse, they can practice on ones on the commerce side, we are talking about virtual malls where you can try these things and get feeds from friends and family i want to use this technology to experience all over the world, maybe learn how to use a car or build a house or put on a cream. to make all of this happen, we need major players like facebook to back off developers, they have to keep prices low so other companies have ince

brent: facebook plans to hire people in the european union took crate a new computing platform called the "metaverse." the plan is an immersive virtual reality where users can interact for everything from work to social situations such as concerts. technology companies have been exploring the concept in recent years. mark zuckerberg has quoted the embodied internet. -- called it the embodied internet. stephen from our business desk is here now. tell me what it is and i am suspicious. >> imagine your newsfeed, if you're on facebook and everything is scrolling by. what if each of those accounts was a set of doors, you go into some sort of environment and it is we do have a three dimensional aspect -- and it is going to have a three dimensional aspect. you see the designs and the environment. you have a physical aspect to it. maybe you go to the mcdonald's and order some food and it comes to a real door. you take your phone and you see things in your room. all of these can be bundled together. these are developed technologies and can have a more immersive experience. it is a way of not only looking at

cheers and applause ) the name is meant to reflect the company's new focus on new, online digital realm known as the metaverse. great. great. so we've reached the part of the movie where the corporation creates their own virtual world. what do you say we skip the whole robot uprising to harvest our organs and just jump straight into the thunderdome? because that -- that's a future i can live with. the company says the name facebook is t going away, but from now on, we are going to be metaverse first, not facebook first. but don't worry - the self esteem of teenage girls will always be last. ( laughter ) ( applause ) the announcement came in a video by facebook's chief humanoid simulation, mark zuckerberg. who addressed some of the recent controversy the company has gone through. >> with all the scrutiny and public debate, some of you might be wondering why we're doing this right now. the answer is that i believe we're put on the earth to create. i believe that technology can make our lives better. we live for what we're building and while we make mistakes, we keep learning and building and moving forward. >>

the european union over the next five years as part of the social network's push to develop a metaverse, the newfrontier, they say. it targets much of europe, poland, italy, but the u.k. will miss out. facebook is expecting a record level of advertising during the upcoming holiday season, despite supply chain challenges. a look at booster shots, we're joined by the moderna ceo stephane bancel, for the latest news on when that authorization is happening. how much vaccine they will produce over the next year. so much to talk about. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i am emily chang in san francisco. booster shots are the topic of every day. almost 9 million americans have gotten a booster dose of the pfizer vaccine, the only booster authorized by the fda. for the other two vaccines working through the regulatory process, booster shots are likely to be available for some people soon. i want to bring in the moderna ceo, stephane bancel, for an exclusive interview from the health conference in boston. thank you for joining us. let's talk about the status of that auth

those online that can disperse the information and hate as zuckerberg has added a new challenge and more invasive metaverses one step closer to winning the world series. pitchers are dominant. first, we salute every day people. this week, we announce the top 10 cnn heroes of 2021. we've had the honor of honoring people to you. the top 10 heroes. the pediatric doctor brought testing and vaccinations to more than 75,000 people. >> from san francisco, building understanding and confidence using his journey with adhd and dyslexia to help kids thrive. >> and using fitness training to help others get sustaining jobs and build careers. >> from columbia, bringing eco-friendly energy, safe water and sanitation to struggling columbians. >> linda monitors miles of coastline providing care to thousands of marine animals. >> exchanging plastic waste for rise. sent tons for recycling and providing food for families. >> in semi valley, california, turning her grief for support for the widowed. >> turning from her private practice to help women around the world from dying from preventable cervical cancer. >> and bringing

and we have a new name that reflects the full breadth of what we do. >> zuckerberg says this so-called metaverses a new online virtual reality realm while people will be able to work, play and shop. now, all this comes says the social media site faces scathing criticism over misinformation and its harmful impact on society after a whistleblower leaked hundreds of internal documents. >>> chief executives from four of the world's largest oil companies appeared before a u.s. house committee to answer for what democrats call a disinformation campaign on climate change. the bosses of chevron, exxon-mobil, bp america and shell all denied any involvement in deliberate efforts to deceive the public. but democrats don't seem to be buying it. they are now vowing to subpoena company records and they're urging these oil giants to own up to their history and make this a turning point in the climate crisis. >> spare us the spin today. really, we have no interest in it. >> spin doesn't work under oath. in 1994, the c.e.o.s of the seven largest tobacco companies appeared right here before our committee. they, t

news by now. facebook going meta. refocusing on the metaverse. g us, metaverse itself, alexis ohanian, founder of seven seven six and co-founder of reddit and somebody who knows social media very, very, well. >> great to be here this morning. >> your voice is deep. what happened? >> extra boost from the new amp. >> thank you thank you very much. alexis, let's jump in on the metaverse and talk about this. name change for facebook, focusing on the metaverse, good idea, or what? what do you think is happening >> i think it is a master stroke in diversion and distraction, right? perfect time for a rebrand look, i think this should not be underestimated, and right now there is this amazing bottom-up movement to create the metaverse. you see a lot of this happening in the crypto community. seeing a lot of people building what i think is what most of us hope will become a much more organic type of world, rather than a sort of top-down, facebook-imposed one, but we'll see. they've got -- they've got no shortage of great engineers and developer, but i'm be

. >> it is time for us to adopt a new company brand to encompass everything that we do. >> reporter: in moving forward into the metaversea virtual future. >> hey, mark. >> what's going on? >> reporter: an investor in this space says the idea isn't all that new. >> if you think about it in general, we've been in a, you know, quasi metaverse for a decade now, right? think how much time you spend glued on your phone, on instagram. >> reporter: the announcement has been years in the making, but comes as the company faces pressure. >> face bob's products harm children. >> reporter: after a former employee turned whistle-blower said the company is knowingly and willingly spreading misinformation. what does that do for their image? >> i think it gets pr to shift focus. having said that, i think a lot of concerns raise ready still top of mind for a lot of people. >> reporter: there someone more change too. the company's stock symbol will transform to mtrs. ian cull, nbc bay area news. >>> another night of demonstrations. this is at the in-n-out in pleasant hill. a lot of people showed up to support in-n-out's refusal to check t

metaverse? >> yeah, just got to find something to wear. >> "all in" starts right now. >>> good evening from new york. i'm chris hayes. the most powerful person in conservative america is 90-year-old murdoch himself. he is a founder and executive chairman of news corporation, controls fox news, the almost monopolistically powerful right wing cable channel where the vast majority of conservatives get their news. he has done incalculable damage to this country and world and he is responsible for what fox news says and does. rupert murdoch is the person responsible for the anti-vaccine nonsense coming out of fox that has led to unthousands of unnecessary deaths. he is responsible for the increasingly dangerous rhetoric around january 6th that fox news is spewing essentially seeking to either excuse the insurrection or to dismiss it as some kind of false flag conspiracy perpetrate bid the federal government itself. that is the topic of a special documentary series from host tucker carlson debuting on fox's streaming service next week. ♪♪ ♪♪ >> the domestic war on terror is here, is coming after. >>

facebook is testing new work accounts as part of oculus for business. ed was saying, in the metaverse will not all be about play, you can work as well as buy stuff, which i think is the big point. facebook is announcing its $10 billion metaverse plan for the future of social media. it is, keep in mind, and $888 billion company. the marks do not hate it. >> the issue at hand here is that shares have been under pressure since it peaked in september. you saw the personal wealth of mark zuckerberg take a hit up to $25 billion. this has a lot to do with whistleblower concerns as well as peak growth for a lot of these companies. i want to get to that personal wealth picture. i want to compare zuckerberg to some of the others in the world. $13 billion is how much mark zuckerberg has made year to date. compare that to elon musk, right now the richest person in the world. he made $122 billion this year. back to the whistleblowers, i learned how much they can make. facebook has already issued $1.2 billion to whistleblowers. matt: really interesting way to make money. i guess they could do that

in an effort to encompass its virtual reality vision for the future abc 7 news reporter dustin dorsey explains what the metaversesoon experts expect it to become mainstream. if there's anything that we could be sure of in life. it's that change is inevitable even in facebook that tech giant that revolutionized social media announced today that their company is going beyond to reflect who we are and what we i am proud to announce that starting today. our company is now. better from social reality to to virtual reality metadives head first into the world of the metaverse with with the use of tools like headsets and augmented reality glasses meta says they plan to bring the internet to life in a virtual world where people can meet cen. this is earth shattering. it's changing as we come up come around to it. it could make the planet. much better place it could make the planet. worst place like anything else technology can be applied in both directions. this announcement comes as the company is facing backlash from the leaked facebook papers that revealed the company ignored reports of the harms at social media netwo

facebook's new name is meta and its new mission is to invent a metaverse that will help us forget whatiks, and the author of how to lose the information war. good morning to both of you. faceback's got a new company name, but real change doesn't seem to be afoot with the main problem that you and nina have been talking about for years and that is a continued spread of disinformation, which by the way, seems to be solvable, but most of this information that you have reported on comes from a relatively limited number of users. it starts with a relatively limited number of users and it does seem that facebook is able to identify it. >> yeah. i mean, we have the same papers. we've been looking through them, too, and that has been one of the takeaways that's so -- i don't know, striking is that, you know, facebook's problems really do lie within a few power users, right? who take advantage of the core problem of facebook which isn't actually lies. it's, you know, i hate to use the word, but size. facebook is too big to monitor its own platform and the incentive structure is all messed up. s

transitioning per se, certainly they're rebranding themselves, doesn't matter now, of course the metaverse is this brave new but where do you get it, lou? >> i mean, look you had a naming option and zuckerberg picks meta? i think it would have better served for my space, there's more cache in that name but in all seriousness they are trying to resurrect their image which is just not possible with zuckerberg at the helm. he's not going to leave because he has super voting power. the best they could do to change their image is to hire a pitch men, like priceline did, go out and get someone like a brandon frazier that's goofy and lovable to be the front of that organization, and pitch this company because they are pitching a dream. the metaverse isn't going to be here within a decade. it's really not and facebook's business is 98% advertising, it's not hardware, just like amazon's not hardware and to try and get investors to get over the trust issue and think you're going to really change overnight with a name is just i think it's another failed attempt at leadership by zuckerberg, but he's untouchable because

you're not as sold on the metaverse as zuckerberg is. >> maybe, maybe, we'll see. >> new customers --t covid pu pulled forward a lot of demand and new customer acquisition as everything went digital and all these companies went online. >> it's interesting. like i mentioned before, we have this usage-based press model our business is not selling seats. our business is fueling the ambitions of companies as they are entering the digital world as they have to excel and build new experience for their customers, and also they compete and win in this digital economy. so our growth really mears the growth of digital as an important part of our lives and every important part of the company as they make that transition as you can see, covid has accelerated companies' entry into the new world, but it's not left turn stuff that we did only because of covid many things we did last year is how the world was moving it happened faster than we had expected i think of the telehealth solutions how very few doctors' appointments were done over video prior to the pandemic and then we realized, for a whole

got a facelift, changing its name to metta, the social media giant says its new name change reflects the company's metaversebitions beyond. social media. ktvu is andre senior explores the name change and that its push into virtual reality. i am proud to announce that starting today, our coming. meta a major announcement thursday from facebook founder mark. prot wing of the company, meta platforms inc. 17 years after it first launched the iconic like button signage at the entrance of its menlo park headquarters also changed to the new logo. our mission remains the same. still about bringing people together. currently we interact with the company's facebook, instagram and whatsapp on a screen. zuckerberg now shifting the company's future to a virtual experience, says tech and business expert shibani joshi. but mark zuckerberg is trying to get to and get at is that he believes that the future and the next platform for social media is going to be this integrated. digital platform that converges online virtual reality augmented reality all in this new sort of sci fi universe instead of typing or tapping. you're

new name right. bringing us into the metaverse. did you know webster's has a whole bunch. u know, they always do the new so give you some of their new words, new additions. >> for love or not or which i love in my coffee. and tbh and my favorite for today, james dad bod. >> dad >> you like that many for years. finally getting the recognition we just have your own you look nice and that your dad bods look good in that. thank you. suit skies really stepping it up on this friday morning and i feel like that's empowering. term for it. embrace it were no longer just stick. you look at your fancy today. our costumes are. we're going out. that's right. well, we have nowhere to go, but still. we're going find love it. a little sparkle. never hurts on the friday before halloween. this is also good for new year's. so i might be told this back out soon. >> we are looking outside at some good conditions today whether you're dressing up today, saturday or sunday. mother nature is cooperating for all of it like last weekend when we had some much needed rain. thankfully that was last week

new brand, this overhaul matters more than most. it's been another tough week for the firm as it faces criticism from lawmakers, regulators and former employees. its focus now is building the metaverses that? it is time for us to adopt a new company brand to encompass everything we do stop to reflect who we are and what we hope to build, i am proud to announce that starting today our company is now meta. 0ur our company is now meta. our mission remains the same, it's still about bringing people together. our still about bringing people together. 0urapps still about bringing people together. our apps and their brands, they are not changing either and we are still the company that designs technology around people. company that designs technology around maple-— around people. mark zuckerberg there on the _ around people. mark zuckerberg there on the new _ around people. mark zuckerberg there on the new name - around people. mark zuckerberg there on the new name for - there on the new name for facebook. early i spoke to evan greer, who is director of fight for the future. and we were given the reaction to the big announcement. that is really the question of the day. i think what's more

metaverse work spaces. so let's hear some pitches for new names. no bad ideas. >> what if instead of just changing the name, we took a hard look in the mirror and asked ourselveses if there are maybe some systemic changes we could make. ( laughter ) >> let's break for lunch. >> announcer: it's "the late show with stephen colbert." to issa rae and musical guest h.e.r. featuring jon batiste and stay human. and now, live on tape from the ed sullivan theater in new york city, it's stephen colbert! ( cheers and applause ) >> stephen: oh, delight! ( cheers and applause ). ♪ ♪ ♪ delightful. good to see you. yes. hey! thank you very much. thank you very much. hey, everybody! up there. ♪ ♪ ♪ welcome. >> audience: stephen! stephen! >> stephen: sold out. packed house. ( cheers and applause ) ♪ ♪ ♪ please, have a seat, everybody. thank you so much for being here. welcome, ladies and gentlemen, in here, out there. is i am your host, stephen colbert. you know-- ( cheers and applause ) humans have spent millennia asking god, "why do bad things happen to good peop

. >> facebook plans to rebrand itself on a new name focused on virtual reality and building the metaversee mown for more than social media. but the rebranding could be an effort to overhaul the company's reputation. the negative effect the social network has had on user's mental health. the associate professor of public relations. we appreciate you being here. thank you so much. i'll specify something you wrote saying this is a smart move from a branding perspective because the public lost faith in facebook. a new name won't get to the root of the product. facebook's bankrupt reputation won't change that blind faith. how much will this impact facebook? >> nothing is more important to an organization's reputation. ceos worry about their reputations more than any other problem that could possibly b befall them. for good reason, a company's stock price is determined by its reputation. people are concerned about how misinformation, hate and conspiracy theories are spreading and having a devastating affect on our society, elections, physical safety. concerns about how using social media impact

new name. it is report ared that facebook is intending to rebrand so it will be known for more than just social media, and, too, and i'm quote wig reflect its focus on building the metaverse. the potential name change, a facebook spokesperson said the company just doesn't comment on rumor or speculation. >>> a new state law could help hair salons and barbershops bounce back from the pandemic. it will make it easier for aspiring hairstylists to get their cot mettologist license. there will be no longer a hands- on exam, and a separate program created for hairstylists would only require 600 hours of training. >> it is to help with affordable and access. hopefully, you know, with the reduction in hours, it will provide an opportunity for people maybe to leverage technology. >> the law is set to take everything on january 1st. >>> coming up, how one east bay woman is helping seniors stock their pantries with healthy foods. >>> it's a busy news day today. we begin with that breaking news in the gabby petito case. possible human remains have been found in the florida reserve where authorities have been searching for her fiancee, brian laundrie. >>> plus the toxic water crisis i

metaverse exist? is it, l.a., seattle or new york? ey're under serious scrutiny. who will make the rules? who is in charge of that there? will it be mark zuckerberg? >> if you're in the facebook metaverse, yes, it will be mark and his team. if you decide to go somewhere else it will be where people want to be. so for example, we learned a lot of things over the internet over the last 30 years, right? in the internet today the seller is completely transparent, the buyer is completely transparent. that information is out there. you might see some changes. in some metaverses the seller is transparent and the buyer is anonymous. you might see the seller is anonymous and the buyer is anonymous. rules like that will be changed across the board. you see that with the desend tallization going on. charles: people talking about the abuses we're hearing about big tech. we have less than a minute to go. always like tapping your brain for some ideas. last time you were on you had some names. what are names that the audience can buy that could be me

new computing platform. they will work on building a metaverse, a platform that connects people online. reality. facebook sees this as a key component of its future. and a major driver of new technology investment ceo mark zuckerberg first laid out his vision for this over the summer. facebook is currently dealing with antitrust crackdowns. the testimony of a whistleblowing ex employee and concerns about how it handles misinformation. coming up. next in sports. it's game three american league championship series as the red talks look to take the series lead against the astros. then on the 11 o'clock news, a singer well known on social media robbed at gunpoint in san francisco what the suspects got away with at 11. in business, setbacks change everything. so get comcast business internet and add securityedge. it helps keep your network safe by scanning for threats every 10 minutes. and unlike some cybersecurity options, this helps protect every connected device. yours, your employees' and even your customers'. so you can stay ahead. get started with a great offer and ask how you can add c

. >> employees unveiled the new name today in menlo park ceo mark zuckerberg says the metaverse will ple will be able to interact work and create products and content and what he hopes will be a new ecosystem that creates millions of jobs for creators. however, skeptics are pointing out that it also appears to be an attempt to change the subject from the facebook papers documents that have revealed the ways facebook ignored internal reports and warnings of the harms its social network created. >> and now kron 4 sports from the 18 t fiber sports desk. >> how's it going, everyone? i am live from the sapd center right now the sharks and a miss in taking on the montreal canadians, a great atmosphere here in the sapd center in san jose the sharks 4, 2, on the season having a solid year after having a rough one last year. right now it is the second period. they're down one to nothing. get this the sharks have won 12 straight home games against the montreal. canadians is the longest active street against one opponent in the nhl. and i just got an update is actually 2 to nothing that goal jus

new name. making the push to better align the brand with the metaverse >> and snap ceo says companies must takeibility over content instead of waiting for regulators to implement laws preparing to go before lawmakers next week on social media's impact on kids >>> amazon offering bonuses up to $4,000 for workers in the uk. labor short annuals forcing british companies to raise wages. hritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. paola needs a parachute. so, salesforce customer 360 unites your marketing, sales, commerce, service, and it teams around her. so they can deliver a great experience from anywhere. ♪ (whistle) ♪ wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. wealth is watching your business grow. worth is watching your employees grow with it. principal. for all it's worth. >>> welcome back

mcdonald's differently and i think that's what mark zuckerberg hopes to do with this new name change and his goal with the metaverseeigh: senator blumenthal has a reason for the name change he speculates. rule the tape. >> it will continue. changing names, emblems, insignias, logos. it's all about, they want to continue the business model that makes them money. >> it's all about the cosmetics. >> emily: earlier this year when serial killer rose west, she put into change her name to jennifer jones. everyone in england was laughing. you still butchered nine girls. we still know who you are. we are going to call you jennifer but we know exactly what you've done then this to me is the same thing, just like what the senator said. it is lipstick on a pig. you can change her name to whatever you want. the bottom line is he or expanding your attempt at controlling us, satiating us, soothing us so we don't see behind your insidious measures into abby's point, i think it's another example where it's all about attention, not connection. they keep using that word connection but it's a false connection. it's not actually the me

new parent called alphabet facebook announcing a similar move today, officially changing its corporate name to meta all the apps will say the same, facebook, instagram and whatsapp but this will focus on the metaversew company and also not changing criticism, youth? i and other complaints piling on to the tech giant in what has been called putting profits over safety, the spread of misinformation and the algorithm and the inability of facebook to surtail these issues so the timing of the name change is convenient to say the least. casey, you've called it on this show last week you said they were leaning towards meta so what is the metaverse and what are zuckerberg's ambitions here? >> well, the metaverse is complicated in a lot of ways i think it's at its simplest level zuckerberg likes to call it an embodied internet. the way i think about it it's basically things can you do with some kind of goggle strapped on your face, right there's going to be a series of connected experiences and zuckerberg spent a lot of time introducing us to some of those today. >> what, casey, will the metaverse be ready for users to experience >> know, they already have in the oculus quest some of the social experiences

new areas of business. creators, e-commerce and the metaverse. to address measurement and targeting shortfalls saying on measurement they'll be able to address more than half of the underreporting by the end of the year while targeting is much longer term challenge. guys, back over to you >> julia, that raised a question for me which is, what would -- when they say they have to build new tools, i imagine that means they have to build new tracking tools. this comes at a time when privacy is, obviously, right in the middle of the discussion what kind of tools would those be what does that look like >> well, sandberg talked about this these are aggregating tools. she said they're doing this with respect to privacy and they're figuring out how to gather data about people and anonymize that data and target it that way. what was interesting to pull in the frances haugen whistleblower story is yesterday during haugen's testimony she talked about how groups are such a powerful tool and haugen interestingly talked about how groups are a powerful tool to s

consumption are emerging new formats are emerging, the power that you're seeing with chips and everything moving to the cloud. i know there's a lot of conversation around the metaverses well. and so when we think about the opportunity for adobe, it's never been greater and whether that's the web business surface, mobile as a surface, collaboration, new media types. you know, our product teams have been incredibly excited about the canvas on which they can create stuff. >> you mentioned chips i'm going to talk to pat at intel while i'm out here in a couple hours there's a lot of talk about apple, the m1, the pro and the macs that's a lot of power they're putting out there and it will take. they're relying on you, right to make the best use of that. how much potential is there to expand the productivity and just the creative capabilities of your customer base from what seems like an unprecedented amount of competition and innovation that's happening on cpus and gpus right now? >> if you take a step back you can never have enough computing power or never have enough band bandwidth. we laugh it up i remember how old i am when i think of the first operating systems and w

metaverse. take a look. >> that is minority report again, our producers having a bit of fun here as many people on twitter are facebook's new reality a great way to avoid ever being outside. like i am right now. perhaps my ava tar could do that in the future. i think we were able to find the right clip here we go third time a charm mark zuckerberg leaving the metaverse and reinnerreinterrin real world . >> carl, our producers really shine in these moments i think they're perhaps excited for the new matrix >> i think, if anything, people talk about a distraction for facebook but for a lot of people a way to have some fun got worldwide attention for sure >> i'm trying to figure out what the impact is for inesthvestors. we noticed the ticker changes but most people, the name of the product, facebook, is staying the same still instagram and still whatsapp and maybe this is also more about employees and the brand risk on employee loyalty and just a feeling working around meta saying you're working for facebook in other cases. not everybody is working on the facebook product and so that takes away perhaps some risk >> i mean, i h

facebook is reportedly planning to rebrand itself and the new name would be focused on something called the metaverses an online world where people exist and communicate and shared virtual spaces. according to the tech blog, the verge facebook wants to be known for more than social media and will announce that new name next week. analysts say a name change could position. facebook under an umbrella brand similar to google and alphabet. >> hundreds more families in the east bay will soon get guaranteed income oakland opening applications in phase 2 of his program today in this next phase 300 additional families will be selected. program provides $500 per month paychecks to certain families who qualify for 18 months. earlier today, oakland mayor libby shaft up crowd for about how the extra money will help people. >> we are accepting applications from anywhere in oakland. from extremely low income individuals who have a minor child in the household and 300 of them will be receiving $500 a month. no strings attached for at least a year and a half. and we think that is going lead to more employment, more

minutes before we get started with trading here on a very rainy day in new york city. >> yes, weatherman, absolutely in the metaverseays sunny. philadelphia and the metaverse you want to talk about raytheon. >> i think it's important. this is a good quarter can the stock get out of its own way, no. the defense contractors, this is very important biden is just as strong on defense as his predecessor so you have a backlog of just a -- $156 billion backlog. 65 billion in defense. the chinese are ahead of us was one of the big themes. i don't want that. you don't want that. it reminds me of the -- >> we do spend 800-plus billion dollars on defense. >> maybe it's on the wrong stuff. >> the chinese don't spend anywhere near that >> but they work for free. >> 22 -- chinese have a missile that can go 22,000 miles per hour. >> that's very fast. >> and i remember this in 1959, i heard about the missile gap constantly, that the russians were going to do this. they got the h-bomb. but what i like about this, david, is that there's actually good aerospace without the 787 -- boeing has had a problem producing planes that may come

fascinating to hear how the enterprise is going to be part of the metaverse as well, peggy johnson, thanks so much for joining us today with your big news thanks, julia. >> and julia, thank you and peggy as well. we appreciate it. >> thanks for asking for our friend >> for your friend. >> bing watching next. multiple investors bullish power lunch returns right here strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. - [narrator] introducing the grubhub guarantee: our promise to deliver the food you love on time, and give you the lowest price, or you'll get $5 off your next order. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can

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