i think that's one issue where zuckerberg should be concerned. and i also think the accusations that there were some financial corruption that the whistle-blower talked about, the charges she brought to the s.e.c. so i think there is -- zuckerberg probably overplayed his hand in my opinion. >> let's get you in here. you watched this testimony on capitol hill today. how long did it go, and what was the reaction from the lawmakers? >> well, raj, the testimony was over five hours long. and the lawmakers were unified. they were all on the same page. they reacted on a couple of front, one to show their gratitude and appreciation to the whistle-blower, frances haugen to show such courage and strength and speaking out against facebook. they also were on the same page when it came to talk about the urgency for them to introduce legislation to regulate social media companies like facebook. there was even a specific bipartisan moment that kind of ended a couple of smiles there between senator moran and senator blumenthal said that said hey, we can put asid

it will see what mark zuckerberg's version -- interesting to see what mark zuckerberg's version will be. for more, let's bring in david trainer, ceo of new constructs. we heard mark zuckerberg at the top saying a lot of people will say it is not the time to focus on the future. they argue there are enough problems to deal with in the present. clearly, facebook has its issues. regulatory constraints are likely to increase. is this just a way to distract us from that? david: absolutely. all of this, the sign, name change represents a distract and diversion away from what we will realize, which is the modern version of big tobacco when it comes to facebook and instagram. i think mark has a big vision about the metaverse. it is important, he will look at facebook as the online version of a yearbook as a stepping stone to build a treasure trove of profits to build this great metaverse. but it is absolutely a diversion. everything is set up to get people to be distracted away from and divert attention away from the very ugly way that facebook has made billions and billions of dollars. matt

>>> right now on "america this morning" -- mark zuckerberg fights back. the facebook ceo responds for the first time to the whistleblower who claims the company spreads hate speech for profit and knew about the harmful effect of instagram on teenage girls. >>> and the oil spill disaster in california. new questions about how much has spilled. and word this morning that alarms were sounded hours before the leaking pipeline was shut down. the pipeline operator's troubled history also coming to light. >>> two developments in the search for brian laundrie, the fiance of murdered gabby petito. what his family is revealing about brian's hiking trip. and the flight he took just days after this encounter. >>> prices at the pump, on the rise again. the area of the country seeing the biggest increase. >>> major league manhunt. the search for a fugitive who may have been spotted at this baseball game. >>> and are coffee cups too big? the photos fueling the brewing deba debate. >>> good wednesday morning, everyone. we begin with a new statement from facebook ceo mark

mark zuckerberg isn't apologizing. in fact, he wrote a lengthy memo to his employees this evening defending the company he started and defending facebook and instagram's interaction with kids. >> zuckerberg reacting to testimony against the world's most profitable social-media network. a former employee turned whistle-blower testifying on capitol hill. accusing facebook of protecting profits over safety and targeting teenagers. nbc bay area's cheryl hurd is at facebook headquarters in menlo park with more on zuckerberg's response and, sheryl, that was a lot of a big response. i mean, 16 paragraphs, in all. >> reporter: that's right. as you said, 16 paragraphs in all responding to his staff here at facebook headquarters. he responded tonight, and we also have highlights from that. and testimony from capitol hill. facebook ceo mark zuckerberg releasing a long response to the criticism he is now facing. in a memo, he started out by saying, at the heart of these accusations is the idea that we prioritize profit over safety

and zuckerberg speaks. mark zuckerberg breaking his silence on the damning testimony from employee turned his el blower frances haugen, accusing facebook of putting profits before the safety of its users, including the youngest and most vulnerable. in a letter to employees he shared on his facebook page, zuckerberg said the country's work and motives have been characterized and many of the allegations don't make any sense. >> the comments are coming hours after frances haugen addressed facebook's role in society and appealed to congress for help. >> i believe facebook's products harm children, stoke division and weaken our democracy. they won't make the necessary changes because they have put their astronomical profits before people. congressional actions needed. they won't solve this crisis without your help. >> all right. joining us now cnn correspondent donie o'sullivan. i'll ask you to be a human recoder here. take me through item by item what mark zuckerberg said and fact-check it for us. he said if we

all of the sudden the beast first conceived at harvard by mark zuckerberg was being hit by a bipartisan onslaught of outrage. >> we know this is helping us build bipartisan support. >> facebook has put profits ahead of people. >> my message for mark zuckerberg, your time of invading our privacy, promoting toxic content and preying on children and teens is over. >> does no one else think the timing of this is convenient? president biden is on the ropes and democrats are barreling toward a brutal be done in the midterms, could this be a clever way to rev up the speech police against alternative points of view ahead of the election all under the guise of protecting the children. >> this was the culmination of service in congress. it was about the children, the children, the children. >> one basic fact, the left doesn't care if the culture or big business spreads content that is not appropriate. they do not care. for decades liberals have defended, even celebrated cultural and political forces the arm children. porn, drugs, gambling, gender bending, school shutdowns, mask mandates and their

you zeroed in on zuckerberg and write, zuckerberg rarely involved himself in the content moderation team's decision making. he mostly ignored the team unless there was a problem or something made news. i guess another question, is zuckerberg part of the problem here? he's not even part of this discussion internally and yet it's his company. he has 55% voting shares, right? >> yes. he is absolutely as frances haugen the whistleblower says, the buck does stop with mark. he is the decisionmaker, and he does control the company. and what her documents disclose, which was really quite interesting for us to see is that he has made some decisions to prioritize engagement over safe content. and that occurs with content moderation decisions related to political leaders. and we have that in the book where he has prioritized allowing donald trump to spread misinformation about the vaccines and also to spread violent rhetoric or actually rhetoric that encourages racism. and mark zuckerberg was behind many of these decisions. >> this is the data facebook is not acknowledging in its responses. take a li

zuckerberg forcefully denied the allegations. he said they create a, quote, false picture of the company and don't make any sense. he remains defiant and obviously, you know, we -- we got that video. does his behavior surprise you in any way? >> first of all, i have to give a lot of credit to ms. haugen. it's not fun, erin, as you well know, being the whistle-blower. that has real implications on your life going forward, your employability, et cetera. so, she actually is a courageous human being. and not unlike what she testified to under oath, what we have found is that facebook and mr. zuckerberg knew, at all times, about what was going on with user information and third-party apps being free to take that information for their own purposes. and now, the truth needs to be told and people need to be held responsible. >> all right. attorney general karl racine, i appreciate your time. thank you so much. >> thank you, erin. >>> next, texas republicans accused of stacking the deck. why democrats say they are trying to dilute the vot

>> i work with mark zuckerberg closely. i can tell you he cares a lot about these issues.i can tell yr he always has. >> reporter: monika bickert is a facebook vice president. does the buck stop with you, or does the buck stop with mark zuckerberg? >> everybody who is working on these issues at facebook, starting with mark, but continuing down to anybody on these safety teams, cares aboutn these safety teams, cares about these issues. >> reporter: tonight, facebook is pushing back at haugen, saying she was not involved with company decision making and called the tens of thousands of pages of documents she turned over stolen. >> we are doing the research exactly because we care about safety. if one teen on instagram is having a bad experience, we need to do better. >> if you were a member of this panel, would you believe what facebook is saying? >> facebook has not earned our right to just have blind trust in them. >> reporter: this was that rare hearing where you had near- unanimous consent, republicans and democrats alike,

we have mark zuckerberg's response to that this hour and then later first on cnbc, aaron levee makes his first appearance let's talk about the nibbling going on in tech and dominic chu has stuff on that. dom? >> there is some nibbling because we've seen some levels hit in the nasdaq become attractive for certain folks out there. one way to look at it from a big picture perspective what is going on with the nasdaq right now. off the session lows only down by of 25%. we are now down roughly 6% again, making a move now also about 3% below its 50-day average price on aal rolling basis. those tend to be levels in the past over the course of the year whenever those levels hit below average prices, we did see some dip buying so to speak that's on the sector level here. some of the places to watch specifically are some of the most volatile names that we've seen in that tech and communication services type trade. specifically with regard to names in semi conductors nvidia one of the more volatile names over the course of the last week or so here also financial technology, paypal and square am

what would you say to mark zuckerberg? very simple. i | mark zuckerberg? very simple. i think the business _ mark zuckerberg? very simple. i think the business model - mark zuckerberg? very simple. i think the business model of i mark zuckerberg? very simple. i think the business model of a i mark zuckerberg? very simple. i i think the business model of a spec has to change. the problem is not social media. social media has so many good aspects. as part of it that we love. but this notion of collecting data on absolutely everything in society, converting it into models that allow you to both protect and manipulate human behaviour and been creating this global network of 3,000,000,000 people with no barriers and no protections. that has brought all of these really dangerous ideas that normallyjust these really dangerous ideas that normally just exist at the fringes of society. it�*s about them all into the mainstream, and you can see this in the united states, united kingdom, around the world. facebook has been at the heart of undermining response to the covert pandem

and vow to enablth reforms. >> here is my message to mark zuckerberg. your time of promoting toxic content and preying on children and teens is over. haugen's tes saying they don't agree with he issues she testified about. >> if facebook wants to discuss their targeting of children, i am extending to you an invitation to step forward, be sworn in and testify. >> reporter: the company says it agrees it's time to create standard rules for the sfwinten and has called on congress to act. skyler henry, cbs news, capitol hill. >>> lawmakers are running out of time to raise the debt ceiling. today, democrats will hold another vote, despite gop opposition. if nothing gets resolved in less than two weeks, the u.s. will fall into a recession. laura podesta has the latest developmentsts from new york. laura, good morning. >> good morning, anne-marie. the deadline is october 18th. it's unclear why republicans are holding this up as a recession would have impact on all americans. senate minority leader mcconnell said in a letter to president biden, we have no list o

mark zuckerberg explaining é company's push towards the metaverse. in fact they justÑi■renamed the company. the new name is meta the new ticker, mvrs and new information fromj■ç■ mark zum. joining e■us,xd■the verge senior reporter aleks heath what can you telle1 c■us i talked to mark zuckerberg this red important distinctions this is the parent ko■company. instagram,o■hat's app.e■ oculus it's nowe■ ó[■meta there have beenfá rumors about m the company. he is ceo and chairman, the controllingmy■ shareholder he poeld me5a■ he has no intentn of changing his i■position i even asked him in five year's time do you still see yourself being chair and ceo? he said probably. >> that's not a definitive yes did you pick anything else up in kind of the way that 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 wh

. >>> mark zuckerberg pushes back. the facebook founder unapologetic, defending facebook against a whistle-blower's claims it puts profits over safety. >>> a new warning on covid. americans struggling with substance abuse issues could face an even greater threat from coronavirus. >>> thank you for being here everyone. let's get to these top stories at this hour. first, president biden considering drastic measures to avoid a catastrophic debt default. the president now seems open to senate democrats using the so-called nuclear option to raise the debt ceiling, something he previously was against. listen to this. >> -- to raise the debt limit using a carve out with the filibuster to raise the debt limit? >> i think that's a real possibility. >> a real possibility now. getting rid of the filibuster here means democrats would need only a simple majority, 50 -- just over 50 votes which they would have without needing any republican buy-in. secondly, the senate is expected to hold a test vote this afternoon on a measure to s

one expert said zuckerberg's statement is well written, but -- >> zuckerberg is being naive is not disingenuous. >>> 4:35. now to a follow-up. today a judge is expected to set a resentencing date for scott peterson. his death sentence was overturned last year, and a judge ordered him to receive life in prison without the possibility of parole. likely a sentencing day will be scheduled for next month. >>> the credibility of the prosecution's key witnesses is at the center of the testimony of the elizabeth holmes' trial. her attorney tried to punch holes in the accuracy, questioning the accuracy of e-mails. the trial resumes later this morning. as that trial unfolds, we are following each twist and turn. can you find a full debrief of who is on the stand every day and what was said by heading to nbcbayarea.com. it's at the top of our home page. >>> now revealing concerning new information about the 144 gallon oil spill off the coast of southern california. the coast guard announced a split in the pipe is a source of the spill. here's the details on the timeline of what happened on saturday. preli

who called out his superiors and his attorney joins us exclusively to tell us what's up but first, zuckerberg trap. that's the focus of sites angle. >> internal research is aware that there are safety threats facing children. kids who are bullied on instagram, the bullying follows them home, follows them into their bedrooms. children express feelings of loneliness and struggling with these things. i don't understand how facebook can know all these things and not escalated to someone like congress for help and support in navigating these problems. >> laura: appearing on "60 minutes" and in hearing is the hill, former facebook employee claimed that the social media giant was knowingly hurting kids there with algorithms. she alleged the company knew about it and chose to do nothing to stop it. all of a sudden, the beast first conceived at harvard was getting hit by a bipartisan onslaught of outrage. >> we know and from what we have learned from her that this is helping us build bipartisan support. >> facebook has put profits ahead of people. >> my message for mark zuckerberg, your time of invadi

mark zuckerberg sa s it apps as well. mark zuckerberg says it will _ apps as well. mark zuckerberg says it will be _ apps as well. mark zuckerberg says it will be driven _ apps as well. mark zuckerberg says it will be driven by - apps as well. mark zuckerberg says it will be driven by the . says it will be driven by the met avers he is building, what about that? we met avers he is building, what about that?— met avers he is building, what about that? we will hear more about that? we will hear more about that _ about that? we will hear more about that at _ about that? we will hear more about that at the _ about that? we will hear more about that at the conference . about that? we will hear more | about that at the conference on thursday. they have just released populace and they are pledging $10 billion which is an interconnected set of virtual world. you can have a digital avatar which goes from one well to the other. we have heard a lot _ one well to the other. we have heard a lot in _ one well to the other. we have heard a lot in the _ one well to the other. we

senator rand paul asking point-blank did zuckerberg buy the election? senator ron johnson wondering if what he did was legal. jackie? jackie: hillary vaughn, thank you so much for that. reaction is republican strategist ford o'connell. ford, wonderful to see you tonight. i'm wondering what you think about this. because i look at those numbers, georgia counties, 29 million in the biden won counties, 2 million in the trump won counties it was so close. zuckerberg said we didn't choose which jurisdictions put the funding. you put the funding out there, this is how it broke down. don't you think they should take some responsibility? >> they should absolutely take responsibility. this is jaw-dropping bombshell report and kudos to the federalist and mollie hemingway. understand what happened here. zuckerberg used through a set of entities $400 million in private funding to manipulate local elections offices in primarily battle ground states to turn out the vote for joe biden. let me tell you something that means the 2020 presidential election is not fair. to

kristen: alright, that was mark zuckerberg. enjoying is now to talk about this is shareen garth ari, senior correspondent. thanks for your time. i know you've been following this closely. we knew facebook was going to rebrand and rename the parent company that would include facebook, and today we have it. so the big announcement, the name is mets. -- meta. what's the public reaction? >> i've heard a lot of confusion with people who aren't familiar with facebook's big meta plans. it seems out of the blue. and for people following the news, it seems like odd timing given facebook has been mired in controversy due to the release of thousands of documents by whistleblower to the wall street journal. kristen: certainly, a lot of jokes on twitter about the rebranding coming at a time, facebook under some much pressure, criticism over its business pcticeseoe saying l 'ot aew we've got a new logo. it's a distraction tactic. will it work? >> i mean look, i will first of all say that facebook has been thinking about this meta-verse idea

brent: she says the book does -- buck does stop with mark zuckerberg. facebook pushed back in real time today. what was their response to the allegations? correspondent: facebook tried to downplay the testimony today. the company tweeted during the hearing she did not work directly on the topics she was describing. the company is not denying the allegations coming from her, not yet, at least, and the vice president facebook said this allegation in the documents presented by the whistleblower misrepresent they work the company is actually doing to ensure safety. brent: what comes next?\ are we going to see concrete reposes for regulation on facebook and social media? correspondent: senator blumenthal said mark zuckerberg should appear if he is in disagreement with anything said today in the senate. he added that mark zuckerberg is the one who knows it better than anyone in profits from it. what became clear to the lawmakers from her remarks is that people have to learn how to navigate social media safely. facebook has to be transparent, sharing informati

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 important is who gets to define what the metaverse is. in a lot of ways, it's just a buzzword, but what we are talking about is the future of the internet and the future of technology. we're at a crossroads where we need to decide whether we will allow the mark zuckerbergs of the world to continue to define and control what the next generation of the internet looks like or whether we will fight for policies to ensure we have real choices. so we don't have too few companies that essentially have a monopoly over human attention. i'm going to talk to you injust a moment about what kinds of policies we might be able to put in places, as you point out, but in the first insta

been a number of hearings like this without mark zuckerberg. why do you think lawmakers have failed so act so far? >> that's a big question. they can't decide on lunch on capitol hill at this point. there's been legislation in california, in some of the states, obviously abroad, but our congress has yet to pass a national privacy bill. a lot of these things have to do with what users know about their information, know about what is happening and things like that. and our congress has failed to act. i guess they just don't get along. there's some great legislation by amy klobuchar, there's a lot of republicans that have put forth some great legislation. they just have to get together and pass some of it piece by piece. but it's not the same thing like stop facebook. you cannot approach it this way. and it's also not one company, even though this company gets a lion's share of the attention because it's the biggest. for example, mandating that researchers are allowed into and see facebook's information would be one way instead of having people li

zuckerberg says there. he makes the point we make money from ads and advertisers don't want to be associated with foul or angry-making content? >> it's ridiculous you know, first of all, it took him i think more than a week to respond. i mean this has been going on i think three weeks, the "wall street journal" facebook files were released. it is important here a lot of facebook's counter-response is attacking a single person. this isn't about this whistle-blower it is actually about facebook's own research that's what the whistle-blower came forward to present is thousands of pieces of facebook's own research showing that it drives division. a simple case is the political parties throughout europe facebook made a change to its algorithm and the political parties in spain, poland and places like that said facebook we know you change your algorithm. facebook said people have that conspiracy theory all the time what do you mean they said no you changed your posts because we used to post papers and people were

. >> we have submitted documents to congress outlining mark zuckerberg was directly presented with a list of, quote, soft interventions, so hard intervention is like taking a piece of content off facebook, taking a user off facebook soft interventions are about making slightly different choices to make the platform less viral, less twitchy mark was presented with these options and chose to not remove downstream msi in april of 2020, even though -- even just isolated in at-risk countries, countries at risk of violence, if it had any impact on the overall msi metric so, he chose -- >> which in translation means less money. >> yeah. he said -- >> right was there another reason given why they would do it other than they thought it would really affect their numbers >> i don't know for certain. jeff horowitz struggled with this we sat there and read these minutes. how is this possible like we've just read 100 pages on how downstream msi expands hate speech, misinformation, violence incite and content, graphic violent content, why wouldn't you get rid of this the best theory we come up with

— zuckerberg? you are right, this is an industry _ zuckerberg? you are right, this is an industry wide _ zuckerberg? you are right, this is an industry wide challenge - zuckerberg? you are right, this is an industry wide challenge that i zuckerberg? you are right, this is. an industry wide challenge that has to be addressed, but what has been particularly concerning about the disclosures from the whistle—blower, frances haugen, in recent weeks, is that facebook has done research, they have been fully aware of the risks on its particular sites, but then has failed to substantively take action to address them and i think more so than that, having had the research and failed to act, we have then seen a pr campaign, mark zuckerberg and nick clegg, now a senior executive at the company, giving evidence and media interviews, suggesting the direct opposite. there have been many calls in recent weeks that this should be facebook�*s big tobacco moment, this is an opportunity for them to demonstrate industry leadership and that they are going to act wi

mark zuckerberg denied, writing, "... this idea that we prioritize profit over safety and well being, that's just not true." but bolland says zuckerberg has too much power. >> i think if he stepped down as c.e.o. and someone with a focus on shepherding this amazing thing that's been built in keeping people safe, you'd see changes. >> reporter: for now, the change? a re-branding that zuckerberg is expected to announce thursday. laurie segall, cbs news new york, new york. >> o'donnell: democrats are saying they're making progress on reaching a deal on the "build back better" plan, as the president worked to sell the plan in new jersey today, holdout senator joe manchin said he could reach a deal with the white house this week to get democrats who are reworking parts to have the plan, possibly dropping medicare coverage for dental work but replacing it with an $800 voucher. in what could be a referendum on the president's agenda and popularity, virginians head to the polls next week to elect a new governor. president biden w

i know that we do have footage of zuckerberg showing off what is actually possible in the 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 fo

emily: mark zuckerberg is all in on metaverse. at its connect conference, the company unveiled horizon, the oculus headset, and the biggest news being the total rebranding unveiling their brand-new name, , meta. we will talk to the global vice president about the game plan. this is bloomberg. ♪ mark: it is time for us to adopt a new company brand to encompass everything that we do, to reflect who we are and i am proud to announce that starting today, our company is now meta. emily: there we have it. after weeks of speculation, mark zuckerberg made it official, rebranding facebook meta decoupling the corporate , identity from facebook which was mired in controversy, and putting in a shift to an emerging platform focused on virtual reality. he called the metaverse the next frontier, and on december 1, the facebook stock ticker will be changed to mdrx. to better understand the shift, we are joined by facebook's vice president, nicola mendelson. thank you for joining us. just a few hours ago you worked at a company called facebook,

mark zuckerberg _ because it will deflect. mark zuckerberg got _ because it will deflect. mark zuckerberg got into - because it will deflect. mark zuckerberg got into the - because it will deflect. i— zuckerberg got into the concept of the metaverse that is from science fiction but has been popularised by thought leaders and it is this umbrella thought that when companies and platforms have things connected and it is his passion project and it is his passion project and it's almost like what i've heard from sources in the company that it's almost like he wants to distance himself personally from the problems of the core social network. he wants to look elsewhere and it's almost like he wants to focus on the future and doesn't want to pay attention to the present so there is this rallying around the ceo passion project but also a political angle which is trying to have a fresh start with regulators and trying to create the next internet together and it will be privacy orientated and will be privacy orientated and will be safe and there is a communications going where ever

we begin with new reaction from facebook ceo mark zuckerberg

typically journalists do and zuckerberg doesn't talk to too many journalists that i'm aware of i pulled the metaverse stuff from the call to read it again because it's really important. you've been talking about it for some time in the larger context, also involving nvidia. but that number that struck me -- and i think should strike everybody -- is wow, is the $10 billion number they're going to spend $10 billion at this company. it's kind of more or less lumped in with operating expenses, on building the metaverse without any prospect of this becoming a revenue-generating business for years to come. >> but he did say -- >> it's amazing. >> but he did say that this is the way that people will communicate through the metaverse. it's not going to be zoom. >> he has a view of the future listen, you can make an argument this what you want from a ceo. he's looking out years ahead he sees a huge potential opportunity and he's spending money that only the likes of a couple of companies can actually spend. facebook, alphabet, microsoft and amazon and apple are the only ones in a position to spe

. >> o'donnell: tonight mark zuckerberg responds. countdown to election day, the fight over disools and covid mandates take center stage. independent voters in a key state tell us why they play be voting republican this time around. and all in a day's work -- tom brady touch down record, check, making a kid's dream come true, double check. ♪ ♪ ♪ this is the "cbs evening news" with norah o'donnell, reporting from the nation's capital. >> o'donnell: good evening and thov for joining us. severe storms are impacting millions of americans from dos to coast. tonight the san francisco bay area is recovering from what's being called the strongest storm to hit the region in more than 25 years. record rain, howling winds and mudslides caused widespread damage from the southern california to the pacific northwest, knocking out power to more than coo thousand homes and businesses, and shutting down major highways. at least two people were killed by a falling tree near seattle. in the midwest, a powerful tornado damaged buildings and not ou

barbara hope zuckerberg. we try to live in the moment, to not miss what's right in front of us. at mutual of america, we believe taking care of tomorrow can help you make the most of today. mutual of america financial group, retirement services and investments. >> for 25 years, consumer cellular's goal has been to provide wireless service that helps people communicate and connect. we offer a variety of no-contract plans, and our u.s.-based customer service team can help find one that fits you. to learn more, visit www.consumercellular.tv. additional support has been provided by: and by the corporation for public broadcasting, a private corporation funded by the american people. and by contributions to your pbs station from viewers like you. thank you. >> sreenivasan: good evening, and thank you for joining us. most of the leaders of the world's 20 largest economies gaered in rome today for the first in-person g-20 summit since the start of the coronavirus pandemic. on the agenda, key issues including climate change, international economic recovery, vaccines, and a global tax ove

a one-time advisor to mark zuckerberg is now one of facebook's biggest critics. telling us why it is time to regulate the social media giant. later, how the new bitcoin futures work in whether it should be in the new york portfolio. we begin as always with what we think are the three most important things investors ought to be thinking about right now. strong earnings report helped power the market higher this week despite advancing bond deals. big technology companies are reporting next week all eyes will be on embattled facebook. is telecom giant at&t the next value stock to buy? my colleagues. some new highs for the s&p and the dow. wire investor suddenly a little bit happier? >> chalk it up to earnings. there have been some stinkers. it is all because of things like rising costs. most partners have been great. wednesday we had 99 companies report. eighty-nine of them beat. they are going up after reporting. i think that has a lot to do with the fact that the market dropped heading into this earnings season. expectations had come down as well. that lowered the

he said this got mark zuckerberg exactly right. there are new troubling revelations insisting the company is having a tougher time managing vaccine misinformation than it is saying publicly. the author of the new book, "the antisocial network." it is fascinating. i can't wait for that, ben. back to the social network. telling about this. especially in light of facebook and the most recent problems, you say the film got zuckerberg exactly right. how so? >> yeah. i really think that we captured what zuckerberg was trying to do and who he really is. he truly believed facebook was going to make the world better but for mostly people like him. what he discovered along the way, it is a lot easier to get engagement if you get people riled up and get people excited. the goal was to get everyone on facebook. i think it is time for a sequel. the reality is it's gotten more and more like we said in the "social network" every day. what they are trying to do is get as many people on facebook no matter what it does to the world in general. >> no

mark zuckerberg responds

mark zuckerberg _ significant thing? mark zuckerberg said - significant thing? mark zuckerberg said he - significant thing? mark| zuckerberg said he was significant thing? mark l zuckerberg said he was a significant thing? mark - zuckerberg said he was a fan of the classics and he is fond of augustus caesar and said in his presentation today that the word meta in greek means beyond, and i think it is apt because facebook is certainly trying to move beyond all of the scandals and the harms that have been coming to light from the whistle—blower and let's not make this too easy on them. we can recap quickly that they were accused of failing to moderate content appropriately and in most countries they don't even have moderators, and they have made changes to the algorithms that were supposed to be good for users well being that apparently turned out to make us more outraged and gave us polarising content. there are concerns about the effect on mental wellbeing of teen girls, so i think first up they would like to move beyond those things and move to something more

i am quoting mark zuckerberg. good-faith criticism helping us get better but my view is that we are seeing a coordinated effort to selectively use leaked documents to paint a false picture of our company. the leaked documents he is talking about are known as the facebook papers. and they were originally leaked by whistle-blower frances haugen. they offer a disturbing look inside the social media giant because among the allegations of haugen's is that facebook struggled to regulate hate speech and misinformation, which eventually helped spur the deadly insurrection on january 6th were done in part because they profited from all that stuff being there. the platform, also, of course, now, allegedly they are seeing more use by human traffickers. according to reports, zuckerberg now claims he is retooling the company away from older users saying it will make quote serving young adults our north star. let me just point the obvious here. that when you are in a company making billions and billions of dollars and you say a

is mark zuckerberg the sfproble? >> oh, yeah. well, he can't be fired. you and i can be fired, right? it does have an effect on us. if you're unfireable and you're unaccountable and you run the biggest communication platform in the history of the world? that's a lot on your shoulders, even if you're very good at your job. i think sometimes he does a good job, sometimes he doesn't, but it's too much for anyone to bear and especially too much for one private company which makes money off our data to be able to be trusted with a lot of this stuff. y i don't know what the solutions are. i don't agree with a lot of her solutions. i don't agree with other solutions, but there should be a transparent discussion about how to regulate this company and others like it because they have an impact. what does that mean to do that? are they utility? are they a publisher? are they a media company? that needs to be determined. >> i think you're right. i think i have my idea of what i think it is, but i don't know if that will work. but we should have the discussion and s

. >> escándalo de facebook, fundador de la red social, facebook, mark zuckerberg se opuso a una campaña que ayudaría a hispanos a votar en campañas del 2020 en estados unidos, según miles de documentos internos filtrados conocidos como los papeles de facebook . >> ven que la comunidad latina estaba recibiendo un montón de mala información por sus mismas plataformas de facebook . >> y un panel asesor de la administración de alimentos y medicamentos de eeuu (fda siglas en inglés) se reunirá mañana para decidir si recomendar la vacuna de pfizer-biontech en niños de 5 a 11 años . >> tan pronto como la próxima semana, 28 millones de menores podrían ser vacunados, les tendré la información, pero comienzo con el mal clima que afecta a millones de personas. >> (música) (sonido ambiente) desde seattle al sur de california la costa oeste sobre una bomba ciclónica, la peor tormenta de la que se tiene registro, las lluvia han provocado inundaciones, deslaves y numerosos accidentes . >> el temporal tiene en alerta a 40 millones de personas desde seattle al sur de california, enrique

the whole like we're bringing zuckerberg back, we have all watched and covered mark zuckerberg getting grilled on the hill and then we get nothing. >> yeah, steph, there's usually no shortage of anger here from lawmakers. what there tends to be is a shortage of action. you listened to senators after that hearing, they say what could be the tipping point is the fact they now have a whistle-blower who brought the receipts with her when she left the company, new troves of data, an ability to look under the hood so to speak of facebook and how it works. again, this is not necessarily a conversation exexplicitly about content, it's about the rabbit holes that lead young girls and teens to content that is harmful to their mental health. that's where the conversation is on this. that's also where the conversation about oversight is going to go. you had a great graphic up a few minutes ago about the ways in which congress could move forward on this. it's a question of more oversight of how facebook functions, more federal oversight of big tech broadly requiring these platforms to share their p

mark zuckerberg was led to apologize. it took engineers to officially be on site -- physically on site. it took a dive, facebook, closing down over 4%. that prompted the nasdaq down over 2%. facebook was already under pressure because of a whistleblower who had given an interview to 60 minutes on sunday evening regarding privacy concerns at facebook. one prominent democratic congresswoman tweeted her concerns yesterday about facebook, saying it facebook's monopolistic behavior was checked back when it should have been, people who depend on what's happened instagram for communication or commerce would be fine right now. break them up. more regulation concerns ahead. dani: thanks so much. tom, i think i spent maybe 15 minutes thinking my internet was just out. tom: that must have happened to millions of people before they went online twitter and found out this was a global outage. quite incredible how long this was out for. aoc taking the opportunity to move things forward and just drive them and push them and poke them in

mark zuckerberg says the obligations are just not true. ah, remembering lives last 2021 is not the deadliest year of the pandemic for the u. s . and a rippling lake becomes jews of sand and northern molly as the un warns of serious global water shortages. ah, ty, ones, defense minister is wanting, china will be capable of launching a full scale invasion of the island within 4 years. a record number of chinese military aircraft recently flew within taiwan, so called air defense identifications, on the islands. defense ministry says a $148.00 chinese warplanes, a breach the area since friday. the fight stayed inside international aerospace, but close enough to tie one to require aircraft to identify themselves. beijing has recently ramped up pressure on taiwan, which it says is part of its territory. in an article published earlier on tuesday, ty ones president warned of catastrophic consequences for the wider region. if the island was to fall to china and taiwan as one of the issues and a deepening strategic rivalry between beijing and wash

zuckerberg is going sailing. >> we have not heard from mark zuckerberg since that report. cnn asked them to weigh in. the elections integrity head at the social media giant knows a lot about the inner working of the company and we are hearing how incredible. >> everything that's in the documents, especially the documents that were turned over to the sec which have now been released i think only today publicly, they just demonstrate the internal knowledge of what facebook does and doesn't know about exactly what's happening on their platt form. it confirms what researchers, activists and employees have been saying for years, and so it's up to lawmakers now. it's not about whether facebook is good or bad or does more good than bad. it's about whether or not there are some practices that have harmed democracy, harmed individuals, and potentially broken the law, and what the leadership knew about it. this should absolutely be a huge watershed moment and should really make the public understand that at this point we can no longer just rely on facebook's own self-selected data p

now mark zuckerberg is going sailing. the time has come for action and i think you are the catalyst. you have said privacy legislation is not enough. i completely agree with you, but i think you know, we have not done anything to update our privacy laws in this country. our federal privacy laws. nothing. zilch. in any major way. why? because there are lobbyists around every corner of this bui building that have been hired be i the tech industry. we have done nothing when it comes to making the algorithms more transparent allowing for the university research. why? because facebook and other tech companies are throwing a bunch of money around this town and people are listening to them. we have done nothing significantly passed although we are on a bipartisan basis working to get something done on consolidation, which you understand allow it is dominant platforms to control all this like the bullies in the neighborhood, buy out the companies that maybe could have competed with them, and added the bells and whistles. so the t