Meta gets a reality check

Mark Zuckerberg is scaling back on the Metaverse as investors demand frugality. Meanwhile, Netflix pulls ahead in the Warner Brothers deal, and the Fed’s inflation numbers could seal the case for a holiday rate cut. 

Today’s recommended read: U.S. consumer delinquency glass is half full, Jamie McGeever

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

Produced by Eliza Davis Beard and Ethan Plotkin

Sound engineering and music by Sebastian and Josh Sommer

Learn more about your ad choices. Visit megaphone.fm/adchoices