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Apple's new App Store tax, Microsoft Surface reviews, and Meta's earnings
The Vergecast
Meta Is in a Tough Spot
CNBC anchor Jim Kramer said he trusted management too much. The company is going to spend what looks like $13 or $14 billion on the metaverse this year. Meanwhile, it's hemorrhaging money because of Apple and some of the ad tracking stuff. Some of its core revenue drivers like Facebook are not the unstoppable juggernauts that they once were.
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