Good news, ad news: Facebook’s big bucks and bets

Ludwig Stiegler, U.S. technology editor for The Economist, delves into Facebook's booming profits and its ambitious leap into the metaverse and e-commerce. He discusses the implications of this shift amid growing competition and user engagement trends. Meanwhile, Michael Reid, Senior editor for Latin America, analyzes the political landscape in Peru following the inauguration of the inexperienced President Pedro Castillo and the challenges he faces in aligning his leftist agenda with national stability amidst economic turmoil.