#142 - Meta's perfect storm | Curio

#142 - Meta's perfect storm

20 mins | Feb 9, 2022

Today's episode from 9th February 2022. More than $200-billion has been wiped off the value of Meta, making it the worst one-day crash in stock market history. Mark Zuckerberg blames the popularity of Tik Tok, but what about others factors like Apple's privacy changes hitting Facebook's ad revenue and the various public scandals? We explore this perfect storm hitting the social media giant. Then later on, can psychedelic drugs alleviate symptoms of mental illness? We meet the startup dispensing ketamine and using AI to improve wellness. Amid privacy scandals and younger users favouring more interactive content, Mark Zuckerberg has been forced to chase after visions of the future. For The Financial Times, Hannah Murphy discusses the user data demonstrating Meta's, formerly known as Facebook, fall from the top and their long-term business plan to continue far into the online age, which many would argue, they had co-founded. Societal perceptions of psychedelics are slowly changing, including in the medical community, with the latest research suggesting that drugs such as ketamine, MDMA and LSD could succeed in areas where antidepressants have fallen short. And, with accepted treatments like talk therapy and CBT becoming increasingly expensive, Inc's Melissa Angell takes a look at the use of psychedelics to treat mental illness. Wake up with Curio is a different kind of morning show that gives you the context behind the news and gets you motivated for the day ahead, every Monday - Friday.

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