Welcome to the Tech Name Right Home for Thursday, February 3rd, 2022. I'm Brian McCullough today.

Meta really steps in it with earnings that send the stock down fully 25 percent.

The plague of hacks hitting crypto startups, the ransomware attack causing a snacks crisis in

Britain.

Board Apes Yacht Club is an interesting raise and why we might not see a

hollow lens 3. Here's what you missed today in the world of Tech.

Well he said it on the show, one of the bonus episodes I believe, but Alex

Kantruitz told us that Meta was in his opinion the most vulnerable of the

big tech players and well meta did beat earnings

estimates yesterday with Q4 revenue that was up 20% year over year monthly

active users of all of its properties was 2.91 billion folks up 4%

year over year, but they did miss earnings a tad and there was a bunch of other bad news. Meta also was forced to report its first

ever sequential decline in global Facebook daily active users ever. Users on a daily basis fell from 1.93 billion to 1.929 billion.

So tiny sliver of amiss all things considered but that was quarter over quarter so investors are worried that this is the very beginning of a trend and as promise

Meta also broke out its AR VR focused reality labs unit reporting

2021 revenue of 2.3 billion dollars for the unit which was up from 1.1

billion dollars in 2020 but also losses of get this 10.2 billion dollars in

2021 up from losses of 6.6 billion dollars in 2020 the big news though was that Meta's CFO also said

that Apple's ATT privacy changes are going to cost the company 10 billion dollars

in revenue during 2022 and they say that even though Google seemingly

had blowout earnings recently Google quote faces a different set of

restrictions from Apple end quote quoting ZD Google quote and similar to Q3 headwinds, CFO David Wenner said on the call,

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