Michael Simon, staff writer for PCWorld, discusses President Obama's comments in an interview with Prince Harry where he warned against the misuse of social media, hinting at leaders that use platforms to divide and spread misinformation.
Simon discusses how news outlets play to their specific partisan audiences, MSNBC to its liberal viewers and Fox to conservatives. Simon predicts that the shift will be to more opinion-based news as opposed to fact-based sources. And in this age of targeted advertising, that is what works
Meanwhile, Vladimir Putin is putting new laws in place that will oversee use of the internet in his country. The Russian president has acknowledged that he will be monitoring the activity of certain companies more closely as they head into the upcoming Russian election.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
