There's a spotlight on Facebook as the social media giant reports earnings Wednesday. The company faces increasing scrutiny over fake news on its platform. Flipboard CEO Mike McCue explains the lessons he thinks Facebook needs to learn from journalism.
"When you are building algorithms that are responsible for informing entire populations, the whole society of people you want to make sure you are applying basic journalistic principles, " said McCue. The five lessons McCue says algorithms must learn from journalism include truth and accuracy, independence, fairness and impartiality, humanity, and accountability.
Facebook recently updated its algorithm to prioritize friends and family over media publishers. McCue says Facebook's algorithms should be controlled by journalists.
These are the headlines you Need 2 Know for Thursday, July 18, 2019.
The House Financial Services Committee had more pointed questions for Facebook's David Marcus about the governing structure of the Libra Association in the second day of Congressional grilling.
Netflix had expected to pick up 4.7 million global customers in Q2. Instead it reported gaining 2.8 million. Shares tumbled over 10 percent after hours as the streaming giant reported Q2 earnings.
Facebook's David Marcus faced another day of governmental grilling, this time at the hands of the House Financial Services Committee, over the social media giant's plans for its digital currency Libra.
These are the headlines you Need 2 Know for Wednesday, July 17, 2019.
The banking system relies on public trust; unfortunately for Facebook's cryptocurrency ambitions, the social media Goliath doesn't have an abundance of it.
Rep. Tulsi Gabbard (D-Hawaii) adds her own critiques of Facebook's proposed digital currency Libra, and states that it's the responsibility of Congress to potentially break apart tech firms that appear to acquire too much power.
Amid an investigation by Health Canada, CannTrust has halted sales of its cannabis and products. Although CannTrust's regulatory snag does not directly impact U.S. cannabis supply, Cowen analyst Jaret Seiberg said that any turbulence in Canada's nascent industry could be cause for concern for its neighbor to the south.
These are the headlines you Need 2 Know for Tuesday, July 16, 2019.
For the first time, Uber will tie bonuses for it top executives to diversity goals aimed at increasing female and minority representation within the company, the ride-hailing giant announced on Monday.
