We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Current Quarter that sent shares plunging some 13 in after hours trading. Wiping as much as 160 billion off its stock market
Is not evidence. and his tweets and whatnot will not be sufficient. now, there actually may be something here, and congress may decide on their own to investigate the claim. we are talking about great expenditure and other things. really what has to happen is either incamera or classified to congress, tell them a reason, the same way the court said, give us a reason to justify this ban, give me a reason as congress to justify an investigation. so far there isn t any. you just heard the homeland security secretary, john kelly tell me that this is the president of the united states. he is privy to the most sensitive information out there. he must have his reasons for making this enormous charge against president obama. right. and you heard kellyanne conway, one of the president s advisers, essentially say the same thing, say the president is privy to all sorts of information that other people are not privy to so he must know something. so far they haven t been great
Happened to this program after the bush administration had gone under the water. we had some senators in the intelligence committees who were warning obliquely that something strange was happening with the patriot ac with the government and they weren t allowed to talk it. i filed a foia lawsuit and the judge read what was happening in a classified incamera by himself hearing and dismissed the case without them knowing what was going on. it took the leak by edward snowden to really drive this into the public consciousness and force the government, essentially, to acknowledge what was going on, which created the opportunity for people to challenge it as well as because the government itself has described it as comprehensive, systemic, giving legal standing to various plaintiffs to say, well, if it s everyone s call, it s my call, therefore i have standing to put this before a regular court. that standing issue has been so fascinating to watch, the way things got dismissed in the past,
That hinted at this in 2006 and then sort of got forgotten, and there was, in sort of what had happened to this program after the bush administration had gone under the water. we had some senators in the intelligence committees who were warning obliquely that something strange was happening with the patriot act with the government and they weren t allowed to talk it. i filed a foia lawsuit and the judge read what was happening in a classified incamera by himself hearing and dismissed the case without them knowing what was going on. it took the leak by edward snowden to really drive this into the public consciousness and force the government, essentially, to acknowledge what was going on, which created the opportunity for people to challenge it as well as because the government itself has described it as comprehensive, systemic, giving legal standing to various plaintiffs to say, well, if it s everyone s call, it s my call, therefore i have standing to put this before a regular court.
Would this have happened whether or not these things had ever been admitted to? this would not have happened if these things had not been admitted to, but without the leak, we wouldn t have known this was happening. there was a usa today article that hinted at this in 2006 and then sort of got forgotten, and there was, in sort of what had happened to this program after the bush administration had gone under the water. we had some senators in the intelligence committees who were warning obliquely that something strange was happening with the patriot act with the government and they weren t allowed to talk it. i filed a foia lawsuit and the judge read what was happening in a classified incamera by himself hearing and dismissed the case without them knowing what was going on. it took the leak by edward snowden to really drive this into the public consciousness and force the government, essentially, to acknowledge what was going on, which created the opportunity for people to challenge