Reality bites for Meta

Oct 27, 2022 · 53m 10s
Reality bites for Meta
Description

Social media giant Meta has posted more disappointing results as it struggles to drum up support for its Metaverse concept. Sales and profits are down once again at the Silicon...

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Social media giant Meta has posted more disappointing results as it struggles to drum up support for its Metaverse concept. Sales and profits are down once again at the Silicon Valley company, which owns Facebook, Instagram, and WhatsApp. We'll discuss what it means for the wider tech sector as well as consumers with Bloomberg tech journalist Tom Giles.

Economist Jimmy Jean of Desjardins in Quebec joins us as central banks consider further interest rate hikes this week.

We look ahead to Brazil's upcoming elections. Breno Dias Silva, head of the tech firm Qintess, explains what the implications for business owners.

Also on Business Matters, chips, China and currency chaos. To discuss all these stories and more, Rahul Tandon is joined by The Economist's Sarah Birke in Mexico; and in Delhi, Hindustan Times writer Madhavan Narayana.

(Picture: A Meta worker demonstrates one of the company's virtual reality headsets. Credit: Getty Images.)
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Author BBC
Organization BBC
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