because the electric car maker has passed some major milestones in the past 2a hours. the firm, headed by elon musk, zoomed passed a market value of one trillion dollars late on monday, making it only the fifth company in history to pass that figure. its shares rose over 12% after tesla agreed to sell 100,000 vehicles to car rentalfirm hertz. the deal is the biggest ever rental car order for electric vehicles and seen as a further vote of confidence in the greener technology. michelle fleury has more from new york. tesla joins an elite club of companies whose market capitalisation has crossed the trillion dollar mark. think apple, microsoft and google s parent company, alphabet. amazon is also up there, the online retailer reached that threshold back in january 2020. 23 years after it became a public company. tesla, well it has done it in just 11 years. it s also the first car maker to hit that milestone after the company, founded by elon musk, it received its biggest order t
An interconnected set of virtual world. you can have a digital avatar which goes from one well to the other. we have heard a lot one well to the other. we have heard a lot in one well to the other. we have heard a lot in the one well to the other. we have heard a lot in the past - one well to the other. we have heard a lot in the past few- heard a lot in the past few weeks have facebook plans to change its name, but do you think we will get an announcement on what it might be and what impact, if any, do you think it might have? it is rumoured you think it might have? it is rumoured mark you think it might have? it 3 rumoured mark zuckerberg will announce a new name for the parent company on thursday at the connect conference. forrester pulled in hundreds of adults across canada and the uk and 86% of them that a change of the name will not affect facebook s reputation and 86% of the mentioned facebook needs to address its core reputation issues before it changes its name. , .,
Highly regarded by chinese consumers. highly regarded by chinese consumers. . ~ , ., y . consumers. thank you very much for our consumers. thank you very much for your analysis. let s take a look at facebook now, which has posted a $9 billion profit for the third quarter. however, the social media giant did see a dip in advertising revenues due to a recent privacy update by apple, which made it more diifcult for brands to target adds to users based on their online search history. the results come amid fresh claims of unethical behaviour made by a former employee, frances haugen, who accuses the firm of putting profits before user safety. 0ur tech reporter james clayton has more from san francisco. in terms of news stories, facebook has had a terrible day. a series of stories have all dropped, based on the same material that the wall streetjournal had got from francis haugen, the facebook whistle blower. for example, one of them is that facebook simply doesn t moderate its platform v
One of those examples is ethiopia. we already knew that myanmar was a real problem for facebook in 2017 in the run up to the ethnic cleansing on the rohingya population there. it now appears that there are all lots of other countries that have similar moderation problems. we also now know that facebook simply isn t doing very well with younger people. in fact, it s in freefall in terms of some of its user data. and there is another story that caught my eye, it was a bbc arabic investigation into slavery on instagram. we now know that apple was considering taking facebook off the app store because of those accusations. now we have an internal report from facebook of the ways in which they told apple they would mitigate the problem and apple eventually decided not to take facebook off the app store, but that would have been a huge story. so in terms of news it s been a pretty terrible day for facebook. in terms of its quarterly earnings, however, it s been a pretty good day. it s done be
Well? , well? facebook reports they are continuing well? facebook reports they are continuing to well? facebook reports they are continuing to do well? facebook reports they are continuing to do ok, well? facebook reports they are continuing to do ok, but - well? facebook reports they are continuing to do ok, but mark. continuing to do ok, but mark zuckerberg also warns of stiff competition, especially for younger consumers. he brought out tiktok as a main competitor. well forrester does see ann main drop in instagram, facebook is remaining strong but tiktok is gaining steam. thank you for being with us. australia s crown resorts will keep its melbourne casino licence, despite a state commission calling its conduct as disgraceful . the victorian commission recommended crown should be given a two year grace period, after the casino was found to have links to criminal gangs and repeated breaches of money laundering. joining me now is nick marsh from singapore. a big let off for