Get ready for major changes coming to your Facebook Newsfeed. The social media giant said it will favor posts shared by friends over what's published by businesses or news organizations. In an effort to fight the spread of 'fake news,' the company will consider prioritizing media outlets based on credibility and polling data.
Dropbox is going public. The file-sharing company confidentially filed for an IPO, with Goldman Sachs and JP Morgan reportedly leading the offering. The San Francisco-based company was valued at $10 billion three years ago.
President Trump denied reports he referred to some nations as "shithole countries." The president reportedly made the comments during a bipartisan meeting on a potential DACA deal. Trump also blamed President Obama for his own decision to skip an upcoming visit to the United Kingdom.
These are the headlines you Need 2 Know.
Twitter shares are surging Thursday after the company smashed its third-quarter earnings report, posting a nearly 30 percent increase in year-over-year revenue and a nine percent increase in the all-important daily active user metric. The release did not disclose the actual number of DAUs.
Tesla shares surged in after-market trading on Wednesday after the company surprised investors with strong adjusted quarterly earnings of $2.90 a share, far exceeding expectations. "As a Tesla bull, this is the quarter we've all been waiting for," Galileo Russell, founder of HyperChange TV, told Cheddar. "This is proving that Tesla can make money, they're on their way to being the most profitable automaker in the entire world. This is justifying the company's valuation; this is all good news."
Snap has hired a new chief business officer and chief strategy officer. The news comes a day before the company's earnings release and as Cheddar's Alex Heath reports an internal survey suggests 40 percent of Snap employees don't plan to stay around very long.
After Trivago's latest earnings report on Wednesday, it can once again claim profitability, a milestone the CEO hopes will restore faith in the travel-booking platform.
"I think for us it was super important to get back to profitability, to really show what this company can achieve and to gain confidence and to show the markets, 'Hey, Trivago can be a profitable company,'" Rolf Schroemgens told Cheddar Wednesday.
Tesla shares are surging as investors prepare for the company to release quarterly earnings Wednesday after the markets close. President Trump criticized Federal Reserve Chair Jerome Powell (again) in an interview with the Wall Street Journal. And Kerry Bishé and Corey Stoll join Cheddar to talk about their roles on Amazon's new series 'The Romanoffs.'
Stocks declined sharply Wednesday afternoon, with the Nasdaq recording its biggest monthly drop in almost a decade, as bad housing news and global trade concerns added to another tumultuous day on Wall Street.
Apple CEO Tim Cook made his most forceful comments yet on the privacy concerns plaguing the tech industry, telling a conference in Brussels, Belgium that a "data-industrial complex" has led to eroding privacy rights around the world. Cook then called on the U.S. to adopt a landmark federal privacy law like the GDPR that went into effect earlier this year in the EU.
Snapchat employees are looking to jump ship in growing numbers after a botched app redesign and drop in stock price soured many on the company’s future, according to an internal, anonymous survey.
Markets may have closed off their lows of the day, but Jack Kramer, co-founder and co-CEO of MarketSnacks, said there's still plenty that could weigh on investors over the next year.
