this confirms the view that digital advertisers are betting on well established platforms, such as facebook and instagram, in the face of challenging economic conditions. those concerns have led meta and other tech giants to embark on a cost cutting campaign that has so far resulted in 150,000 lay offs across the sector. earlier i spoke with ray wang, the founder of the tech advisory firm constellation research and he told me that meta has managed to keep eyeballs on its platforms and advertisers know that. yeah, they showed the digital ad winter is thawing and that is a really important piece. what you mentioned earlier was important, advertisers are flocking to the big platforms. if you don t have the users and the eyeballs, they are not going to be there and what meta showed was that they were able to keep their monthly active users still at 2.99 billion, almost 3 billion, intact, and were able to drive sales up 3% and give a queue to guidance that was much higher between
that he was out promoting. shouldn t this be like a cautionary tale for republicans and loyal fox watchers that, guess what? yeah, they could come for you to? you are exactly, right michael. a cautionary tale for different reasons politically, republicans are showing that they are not focused on the economy and health care and transportation and letters of opportunity, like joe biden are, and so they are out of step with the american people. but for fox news, politically, for their financial stability, i think what dominion ushered in, in this question of actual malice, and we saw the 800 million dollar settlement, has really ripped open, if you will, the opportunity for others to go at fox news so, rays epps is following a similar trajectory to sitting as look, as cynthia, he doesn t have to be actual malice in the case of rays epps but i will hear on saturday night, michael steele this i think, hunter biden fox news financially. i think what dominion showed us,
and ladders of opportunity, like joe biden are, and so they are out of step with the american people. but for fox news, politically, for their financial stability, i think what dominion ushered in, in this question of actual malice, and we saw the 800 million dollar settlement, has really ripped open, if you will, the opportunity for others to go at fox news so, rays epps is following a similar trajectory to saying as look, as cynthia, he doesn t have to be actual malice in the case of rays epps but i will hear on saturday night, michael steele this i think, hunter biden crushed fox news financially. i think what dominion showed us, the discovery involved in dominion, is that actual malice has occurred within the editorial decisions of fox news. dominion got an 800 million dollar settlement.
that was much higher between the 29.5 billion to 32 billion range. and that is coming on the heels of 20,000 job cuts and this year of efficiency that mark zuckerberg has hushered in. so is that what has led to the brighter outlook, has just been about cost cutting, efficiency and therefore better profits? that s one part of the story. i think the other part of the story is the fact that wheels are starting to take hold. that will require some investment and it is coming from thejob cuts but more importantly the bulk of the job cuts are being used to pay for the metaverse aspect of meta, and that will require a tonne of cutbacks over the next two to three years, that is why the job cuts were put into place. so this bet on the metaverse, do you think that is likely to yield strong results, or the kind of future that mark zuckerberg is hoping facebook and meta will move into? it s one part of the strategy. the other part is really getting more monetization capabilities within facebook,
that this day would never come, but we knew it would. and just like any legislative battle, just like anything she does, she did it strategically, methodically, and has set the stage for the next generation of leaders with a strong democratic caucus heading into next congress. i am going to talk about some of the next leadership, which she s ushered in, which is epic. we re talking about the diversity of it, the diversity just of you being on her staff, but we re going to talk about that in a second. i have to play for all of you my favorite speaker pelosi quote. i think i always call her spoker pelosi too no matter what. this is my favorite quote, here it is. people laugh when i say it, but i always say to candidates and especially women candidates, when you come into this arena, you re in the arena. you have to be able to take a punch.