This chapter examines the market's response to earnings reports and stock performance, with a focus on metages and their reality labs' rising costs. Despite the expenses, investors remain optimistic as the stock rallies in the aftermarket. The discussion also touches on VR headsets' role in reality labs and projected operating losses until 2024.
Bloomberg Markets Co-Host Jon Erlichman breaks down Meta's earnings. James Cakmak, Technology Analyst at Clockwise Capital, recaps a busy week of big tech earnings. Bloomberg News Finance Reporter Jenny Surane shares the details of her story Elon Musk the Banker Wants to Take On Dimon Where Google Failed. And we Drive to the Close with Brian Jacobsen, Brian Jacobsen, Chief Economist at Annex Wealth Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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