Facebook Reality Labs to Reduce Operating Profit in 2021 by Approximately Ten Billion Dollars

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Facebook reported their tu three earnings and disclosed that fast book reality lebs a oculus spending ten billion dollars in 20 21. The company is changing the reporting structure dramatically, starting in c four. This is very reminiscent of what google did with her's gogle,. And here's other bets, like self driving, wamo, nest, et cetera.

First, Jason breaks down Facebook's Q3 earnings, including: growing revenue and profits, slowing user growth, AR investment and its new reporting structure (2:00). He also covers Facebook's potential rebrand as a metaverse-focused company and its declining usage amongst US teens and young adults. (11:35) Then, Italic's Jeremy Cai joins the show to discuss his innovative new e-commerce concept, ruffling feathers with incumbents, supply chain insights, and more! (25:58)