Good news, ad news: Facebook’s big bucks and bets

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<p>The social-media behemoth revealed huge profits and stressed <a href="https://www.economist.com/business/2021/07/27/facebook-eyes-a-future-beyond-social-media?utm_campaign=the-intelligence&utm_medium=podcast&utm_source=third-party-host&utm_content=show-notes" rel="noopener noreferrer" target="_blank">even bigger plans</a>: to become an e-commerce giant and a hub for digital creators, and to pioneer something called the “metaverse”. After a <a href="https://www.economist.com/the-americas/2021/07/08/the-clash-in-peru-over-the-election-result-continues?utm_campaign=the-intelligence&utm_medium=podcast&utm_source=third-party-host&utm_content=show-notes" rel="noopener noreferrer" target="_blank">bruising election</a>, Peru has an inexperienced new president; matching policy to his hard-left platform will be a dangerous game. And the publisher trying to bring <a href="https://www.economist.com/britain/2021/07/08/mills-and-boon-wants-to-diversify-its-hero-base?utm_campaign=the-intelligence&utm_medium=podcast&utm_source=third-party-host&utm_content=show-notes" rel="noopener noreferrer" target="_blank">ethnic diversity</a> to romance novels.</p><p>For full access to print, digital and audio editions of <em>The Economist</em>, subscribe here <a href="http://www.economist.com/intelligenceoffer" rel="noopener noreferrer" target="_blank">www.economist.com/intelligenceoffer</a></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>