I'm Deerreboza, and you're listening to CNBC's Tech Check.

Our show is live weekdays at 11 a.m. Welcome to Tech Check. I'm Dear Toboso with Carl Kintania and John Ford. Look, you're here with me at One Market this morning. Today, Facebook's new North Star after mixed results, will a shift toward young adults be the right direction?

We will discuss.

Then Tesla heads to the moon, blowing past a trillion-dollar market cap, a breakdown of that stock's valuation.

And finally, Adobe CEO Shantanoo Narayan is here at one market, an exclusive on cloud spend.

And it's a digital strategy.

That is all coming up Carl we miss you

by the way well guys very interesting market day we are at record highs on the Dow and the

S&P not too far from 4600 it's been an interesting mix uh john of um earnings pretty good guidance

some mix in there of upping guidance on margins or earnings or revenue from some big industrials.

And, of course, we'll keep this hour on how tech folds into all of that.

Yeah, speaking of earnings, our feed today starts with earnings from Facebook.

Mixed results as Apple's new privacy changes weighed on ad sales, but user growth is strong, and Facebook

forecasts some big spending numbers on the Metaverse, and maybe the biggest concern for the

business, a plan to stem younger users from fleeing for other apps.

We are retooling our teams to make serving young adults their north step rather than optimizing for the larger number of older people.

Like everything, this will involve trainers in our products, and it will likely mean that the rest of our community will grow more slowly than it otherwise would have.

But it should also mean that our services become stronger for young adults.

Huh.

Yeah.

Zuckerberg himself no longer qualifies as young under this demographic challenge.

I think it's under 30.

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