The Verge's Nilay Patel, Alex Cranz, Ashley Carman, and Alex Heath discuss Meta's rough week: Facebook reported its first-ever quarterly decline of daily users globally, along with lower-than-expected ad growth that sent its stock plunging roughly 20 percent.

The crew also discuss Spotify's response to the Joe Rogan controversy and how it will be handling moderation going forward.

Further reading:

• Facebook lost daily users for the first time ever last quarter
• Meta’s stock price plunges 25 percent overnight
• Google parent company Alphabet broke $200 billion in annual revenue for the first time
• Epic largely lost to Apple, but 35 states are now backing its fight in a higher court
• Spotify CEO defends Joe Rogan deal in tense company town hall
• Spotify says it’s a creator company now
• Here is the Spotify COVID content policy that lets Joe Rogan slide
• Spotify finally responds to Joe Rogan controversy with a plan to label podcasts that discuss COVID-19
• Joe Rogan defends podcast and apologizes to Spotify for backlash
• The Joe Rogan controversy is what happens when you put podcasts behind a wall 
• Sony is buying Bungie, the developer of Destiny and original creator of Halo
• Big video game companies just can’t stop buying studios
• Wordle has been bought by The New York Times, will ‘initially’ remain free for everyone to play
• Peloton’s latest gadget is a $90 heart rate monitor for your arm
• Echelon persuades USPTO that Peloton’s streaming tech is unpatentable
• Appeals court upholds California’s net neutrality law
• Google leaks Pixel 6A name in, of all things, a coloring book
• Tesla has a new feature that will disable your seat controls if you keep messing with them
• Public accountants are deducting themselves from their jobs 
• What’s the difference between 5G, 5G Plus, 5G UW, and 5G UC?

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