Did You Miss the DealBook Summit?

Mark Zuckerberg discussed the Metaverse and the Apple app store. The chief executive of Meta responded to criticism over his large investment in the Metaverse, saying that it would pan out in the long term and that augmented reality and virtual reality technology accounted for about 20 percent of Meta’s investment. Zuckerberg also said that the marketplace dominance of the Apple app store was “not good.” Watch the video here.

Benjamin Netanyahu said Donald Trump should not have had dinner with Kanye West. “It was wrong,” he told Andrew of Trump’s meeting with West and Nick Fuentes, an antisemitic extremist. Watch the video here.

Shou Chew said TikTok could resolve national security concerns over its Chinese ownership. He discussed the company’s plans to move the data of U.S. users to cloud infrastructure owned by the American company Oracle. Chew, TikTok’s C.E.O., also said it was still too early to make a big investment in the Metaverse. Watch the video here.

Andy Jassy addressed labor and layoffs. The Amazon chief executive said uncertainty in the economy had led to the decision to lay off what could end up being more than 10,000 corporate and technology workers. He also indicated that Amazon would challenge the March election in Staten Island in which employees voted to form the first union at an Amazon warehouse in the United States. Watch the video here.

Reed Hastings expressed love for Elon Musk and Wordle. Hastings, a co-C.E.O. of Netflix, called Musk “the most brave and creative person on the planet” and said he regretted not acquiring Wordle. Hastings also said Netflix was late in offering an ad-supported subscription tier. Watch the video here.

Article source: https://www.nytimes.com/2022/12/03/business/dealbook/dealbooksummit.html