Intro

Meta reported earnings that surprised investors in the good way. But that doesn’t mean they’re backing off the Metaverse. Global smartphone shipments continue to plummet. Might congress ban children from social media? Amazon gets out of the health tracker business. And the interesting way that rejection of the Microsoft Activision deal is using a somewhat novel argument.

Sponsors:

• Miro.com/podcast
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Links:

• Facebook Parent Meta Platforms Sees First Sales Increase in Nearly a Year (WSJ)
• Meta beats revenue expectations, remains committed to metaverse (TechCrunch)
• Smartphone Market woes continue with 14.6% Drop in first quarter this year, According to IDC Tracker (IDC)
• Senators unveil bipartisan legislation to ban kids under 13 from joining social media platforms (CNN Business)
• Amazon shuts down Halo division and discontinues all devices (The Verge)
• Google on why Authenticator sync isn’t E2E encrypted, but option coming later (9to5Google)
• Microsoft’s $69 Billion Deal Tripped Up by Niche Gaming Market (Bloomberg)

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