POINT AND A HALF PERCENT SO FAR
THIS LET'S BRING IN CALEB
SILVER EDITOR IN CHIEF OVER
INVESTOPEDIA KAYLA GOOD MORNING
HAPPY FRIDAY. ALWAYS A PLEASURE
TO SO MARK ZUCKERBERG TELLING
ALEX KEATH OF THE
VERGE YESTERDAY. THAT ALL THE
NATIVE HEADLINES THAT HAVE BEEN
HAPPENING FOR FACEBOOK OVER THE
COUPLE LAST COUPLE WEEKS HAD
NONE NOTHING TO DO WITH THEM
WANTED TO CHANGE THE NAME TO
METTA SO WHAT DO YOU THINK OF
THE COMPANY NAMED YOU THINK
THIS IS GOOD FOR THEM.
>> WELL HOMER WOULD BE PROUD
THAT THIS IS NOT AGING AGREES.
WE'RE RIGHT HERE IN
2021 AND FACEBOOK HAS A LOT OF
LAWSUITS AIMED AT IT A LOT OF
SCRUTINY OF THE COMPANY
OBVIOUSLY THE WALL STREET
JOURNAL INVESTIGATION
UNCOVERING THOSE DOCUMENTS
BRINGING IT INTO A NEGATIVE
LIGHT AS
WELL, BUT NAME CHANGES THAT
THEY CAN BE USEFUL. BUT ARE YOU
WE'RE GOING TO REFER TO
FACEBOOK GOING FORWARD YOU
REFER
TO GOOGLE AS OUT OF THAT YOU
REFERRED TO A PHILIP MORRIS IS
OUT THERE, YOU KNOW THESE
THINGS DON'T STICK BECAUSE THE
SPREAD IS SO INTENSE, BUT I DID
TELL MY TEENAGE DAUGHTERS ABOUT
IT. AND THEY GAVE ME THE BIG
EYE ROLL I'VE EVER SEEN AND
THEY SAID WHO USES FACEBOOK
ANYWAY.
OBVIOUSLY THESE INSTAGRAM BUT
STILL I THINK THIS IS A
BRAND-NEW THAT YOU KNOW IT
DIDN'T MATTER MEANS AFTER WHAT
COMES AFTER WHAT COMES NEXT AND
BEYOND IN GREEK. WHAT COMES
NEXT IS A LOT OF LAWSUITS
FOR BASE.
>> OK SO DID I MEAN I'M GLAD
YOU MENTION ALPHABET GOOGL ALL
TREE
AFTER THAT MORRIS DOES THIS
CHANGE ANYTHING HISTORICALLY
FOR A COMPANY DOESN'T CHANGE
ANYTHING FOR THE CONSUMERS
REACT TO THE BRAND DIFFERENTLY
WHEN THEY CHANGE THEIR NAME.
>> NOT REALLY AND THAT WITHIN 5
YEARS MAYBE WHEN PEOPLE
ACTUALLY START USING THE
METAVERSE IF PEOPLE START USING
THE METAVERSE ALSO
BE HERE ON PLANET EARTH BUT
THIS IS A BET ON THE FUTURE
THEY'RE ACTUALLY HOPING TO
LEUER
THEY HAVE YOUNG ADULTS AS THEIR
NORTH STAR, WE KNOW A LOT OF
YOUNG ADULT USE INSTAGRAM AND
WHATS-APP THOSE PLATFORMS BUT
THEY'RE REALLY TRYING TO CREATE
THIS MAN A VERSE TO CREATE SOME
VIRTUAL REALITY FOR GAMING FOR
COMMERCE IF YOU'VE NOT HEARD
THE ANNOUNCEMENT BY ZUCKERBERG
WHAT THEY'RE REALLY TRYING TO
DO IS CREATE MARKETPLACES
PLACES WHERE YOU CAN GO IN
MESSENGER INTO VIRTUAL REALITY
SELL YOUR WARES
TRADE WITH OTHER PEOPLE SO
IMAGINE NFT UNIVERSE INSIDE THE
METAVERSE THIS IS WHAT THEY'RE
AIMING FOR SO DOES IT REALLY
CHANGE THE BRAND NOT RIGHT NOW,
BUT IN 5.10 YEARS IT COULD VERY
WELL CHANGE THE BROKEN SO SO
LET'S LOOK AT THE FUTURE HERE
CALEB BECAUSE YESTERDAY HERE ON
CHEDDAR NEWS WE SPOKE TO THE
VICE PRESIDENT OF GLOBAL
BUSINESS AT MEADOW WHICH BY THE
WAY IT CAN BE HARD FOR ME TO
SORT OF FREE PROGRAM MY BRAIN
TO START SAYING THAT.
>> AND THEY TALK ABOUT
THE FUTURE OF WHAT WE'RE
LOOKING FORWARD TO IN THE NEXT
WAVE OF THE INTERNET I WANT TO
PLAY A CLIP OF THAT REALLY
QUICKLY.
>> I MEAN THIS NEW WORLD THAT
WE'RE IN WHERE PEOPLE ARE
WORKING I BUT LOOK I'M NOT IN
THE STUDIO RIGHT NOW I'M FROM
HOME. AND YOU KNOW WE'RE GOING
TO SEE A WILL BUT PEOPLE ARE
GOING TO BE IN THE OFFICE
THEY'RE GOING TO BE IN
DIFFERENT PLACES AND SO IF YOU
TAKE THE EXAMPLE OF WHAT ROOMS
YOU CAN ACTUALLY SIT AROUND AND
THE TABLE WILL BE HAVE ACTUALLY
WE DO HAVE A CAUSE.
AND WHEN SOMEONE IS TALKING TO
THE LEFT YOU LOOK TO THE REST
WHEN TO THE RIGHT YOU GET TO
THE RIGHT AND IT'S A MUCH
BETTER MUCH MORE MUST
EXPERIENCE IT.
>> I WONDER KAYLA IF THE
PANDEMIC ACTUALLY HELPED
MATTERS SIGNIFICANTLY GIVEN THE
FACT THAT SO
MANY PEOPLE WE'RE WORKING IN
THE REMOTE OR HYBRID AND EVEN
IN MARK ZUCKERBERG'S VIDEO HE
WAS HAVING MEETINGS WITH
DIFFERENT AVATARS SO YOU ALMOST
THINK THAT THIS POTENTIALLY
COULD CHANGE THE WORKFLOW
MOVING FORWARD IN A COMPANY
LIKE METTA BENEFITS FROM THIS.
>> NO DOUBT THE PANDEMIC
ACCELERATED THIS AND A LOT OF
OTHER THINGS LIKE IT WE WERE
NOT DOING THIS
FROM HOME AS I'M DOING WITH YOU
WE'VE BEEN DOING THIS
FOR EURO. WHAT I'M BROADCASTING
FROM MY HOME SHE WAS
BROADCASTING FROM HER HOME SO
ABSOLUTELY DID ACCELERATE THIS
AND FACEBOOK'S GOING TO PUT MEN
IS GOING PUT A LOT OF MONEY
INTO THIS IN THE FUTURE THEY'RE
GOING TO TAKE A 10 BILLION
DOLLAR OPERATING LOSS JUST
CREATING IS OVER THE NEXT FEW
YEARS HIRING 10,000 WORKERS IN
EUROPE TO DO IT SO YES, IT DID
ACCELERATE IT AND YOU CAN
IMAGINE A WORLD IN WHICH WE'RE
DOING THAT WE'RE ALREADY DOING
THAT WITH REMOTE SURGERIES YOU
SEE IN THE MEDICAL FIELD A LOT
YOU SEE IT IN THE FILMMAKING
INDUSTRY A LOT TOO BY THE WAY
THIS IS HAPPENING RIGHT NOW,
BUT THIS IS ALSO A BIG BET ON
THE FUTURE AND FACEBOOK NEEDS A
BIG BET ON THE FUTURE BECAUSE
AS I SAID MY
TEENAGE DAUGHTERS, THEY USED
INSTAGRAM TO REALLY LIKE
SNAPCHAT AND MOVING ON TO OTHER
PLATFORMS YOUNG ADULTS HANG OUT
AND SNAPCHAT TO HANG OUT AND
INSTAGRAM THEY HANG OUT ON
YOUTUBE AND THEY HANG OUT
IN GAMING. PLACES SO THAT'S
WHERE FACEBOOK'S MOVING A LOT
OF THIS YOU CAN IMAGINE A
METAVERSE WHERE WE'RE DOING A
LOT OF VIRTUAL GAMING THAT
MAKES A TON OF SENSE TO ME CAN
PLAY SOCCER VIRTUAL, BUT YOU
CAN DO A LOT OF OTHER THINGS
THAT THAT DOES MAKE SENSE TO ME
WILL PEOPLE CHANGE THEIR
PERCEPTION OF THE BRAND GOING
FORWARD IT REALLY DEPENDS
ON WHAT A MAN A ROLL-OUT
PRODUCT WISE THAT MAKES US WANT
TO ENGAGE WITH MESSAGE OR A
MESSENGER CALLING YOU DO I NEED
TO HAVE A VIRTUAL
REALITY BAKER SNOW STANDING
NEXT TO ME AS WE TALK IT COULD
BE COOL OR FACETIME AND ALREADY
IT JUST DEPENDS ON HOW MUCH
PICK UP AND WHAT'S IN THERE FOR
YOUNG PEOPLE.
>> NO LISTEN YOU BRING UP A
REALLY GOOD POINT BUT
I GUESS LARGE LARGE PICTURE
HERE JUSTICE TAKE HEAT OFF OF
FACEBOOK DOES THAT GET US TO
ALMOST STOP TALKING ABOUT ALL
THE NEGATIVE HEADLINES AND THE
TERRIBLE THINGS IN TERMS OF
MISINFORMATION AND ALL THESE
OTHER THINGS BUT THAT PLATFORM
DIES NOW THAT IT'S NO LONGER
THE HOLDING COMPANY NOW.
>> YEAH, IT DOESN'T FOR THE
NEAR TERM BUT GOING FORWARD
THEY CAN SAY OH THAT'S A
DIFFERENT UNIT OR THAT WAS THE
OLD OPERATING UNIT THAT RAN
THE FACEBOOK THE WE THEY'RE
STILL GOING TO CALL THE APP
FACEBOOK BUT THEY SPLIT UP THE
COMPANY NOW SO THEY CAN CREATE
A NEW TRAJECTORY ALSO THAT DID
THIS TO WASN'T FACING THE TYPE
OF SCRUTINY THAT FACEBOOK IS
FACING RIGHT NOW IT'S GOT ITS
OWN LITTLE PROBLEMS BUT IT DID
CREATE AN CAR OUT THESE UNITS
SO THAT IT CAN ADDRESS THEM AND
TACKLE THEM INDIVIDUALLY AND
THAT COULD BE A VERY GOOD THING
GOING FORWARD THE TICKER ISSUE
IS ANOTHER THING DON'T BE BY
MANDATE TODAY UNLESS YOU WANT
TO BUY CANADIAN MY.
>> HAVE DON'T DON'T START
BUYING YET, BUT I DO THINK
IT DOES ALLOW THEM TO CARVE IT
OUT BEFORE THE GOVERNMENT SAYS
NO YOU'VE GOT TO COVER UP THEIR
BUSINESSES THEIR SAY WE'VE GOT
A NEW PARENT COMPANY WE CONCUR
BUSINESSES ANY WHICH WAY WE
WANT IT'S A GOOD STRATEGIC MOVE
LEGALLY
BRAND WAS.
>> A LOT OF PEOPLE HAVE
DIFFERENT REACTIONS TO IT THAT
THE WORST NAME IN THE WORLD,
IT'S ACTUALLY RIGHT ON THE NOSE
AS IT
IF YOU THINK ABOUT IT BUT I
THINK WE'LL STILL BE CALLED
FACEBOOK FACEBOOK OR THE
FACEBOOK FOR A FEW YEARS TO
COME.