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Zuckerberg, meanwhile, has been spending time finding other ways to tell Meta’s increasingly complicated story.
Facebook Is Broken. Execs Say a Fix Won’t Come Fast.
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Billy Joel performs "Piano Man" with Kevin Spacey, Boyz II Men, Natalie Maines, Josh Groban, Gavin DeGraw, Tony Bennett, LeAnn Rimes and Michael Feinstein during the ceremony where he was honored with the Library of Congress Gershwin Prize
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for Popular Song on November 19, 2014 at DAR Constitution Hall in Washington, D.C. The show premieres January 2, 2015 on PBS.
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Apr 22, 2022 | 08:20 AM EDT DOUG KASS
A More Hawkish Fed
* Where did I hear it before?

A reminder.

Here was my second surprise in my 15 Surprises For 2022 (written in December, 2021):

Surprise 2. Powell Turns Hawkish - But Monetary Policy Fails to Dent Rising Inflation
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The TikTok Challenge
TikTok poses a serious threat to Meta. The wildly popular short-video app, owned by China-based ByteDance, has attracted a huge and growing audience. Zuckerberg called out the TikTok threat repeatedly on Meta’s latest earnings call.
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The Bet on the Metaverse
Can hope be found in the metaverse? That part of the business, formally called Reality Labs, had $2.3 billion in revenue in 2021, most of that from Oculus virtual-reality headsets.
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The unit accounted for less than 2% of Meta’s overall revenue, with the rest coming from the core business.

Reality Labs lost $10.2 billion last year, boosting its red ink over the past three years to more than $21 billion.
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In 1987 Billy Joel made history, becoming one of the first American performers to bring his full stage production the Soviet Union since the construction of the Berlin Wall. Watch Billy Joel's live performance of 'Honesty' from his 1978 album, 52nd Street.
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