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.
Polestar 1, Volvo's newest electric performance brand, has made its way to the U.S. Thomas Ingenlath, the CEO of Polestar, said the car should have the longest "pure electric" range on the market.
The e-scooter boom has led to two fatalities ー both on Lime products ー the first documented deaths since scooters charged into the public square earlier this year. Emily Warren, senior director of policy and public affairs at Lime, said in order for e-scooters to become integrated into everyday transportation, there needs to be infrastructure put in place to keep scooter riders safe.
In an exclusive interview with Cheddar as part of the debut of Cheddar Rides, MTA Managing Director Ronnie Hakim outlined the plan to keep the 225,000 people who commute between North Brooklyn and Manhattan via the L train moving.
Shares of SVMK, otherwise known as SurveyMonkey, opened at $18.75, well above the original IPO price of $12.
SVMK, the parent of the online polling company SurveyMonkey ($SVMK), will begin trading as a public company Wednesday, looking to ride the wave of strong tech IPOs from the likes of Eventbrite, Farfetch, and Sonos.
Fintech firms' grand promise had been to unbundle services like checking, savings, lending, and wealth management. But as the big banks adapted to the ever-changing market, start-ups like Simple are now rebundling again. CEO Dickson Chu confirmed to Cheddar that the company, which was acquired by BBVA Compass in 2014, began offering personal loans up to $40,000 through a partnership with online lending company Prosper.
Adolphus Busch V is coming off the launch of ABV Cannabis, a marijuana start-up that operates in Colorado and sells disposable vape pens filled with cannabis oil. Next, Busch says he is looking to bring pre-rolled joints to market. He plans to brand the company as a healthy alternative to the product that made his family unimaginably wealthy.
Nearly all of cyclists who die in accidents weren't wearing helmets. Park & Diamond wants to change that. The start-up, which won the Red Bull Launchpad, is building a bike helmet that looks and feels like a regular baseball cap. Co-founders David Hall and Jordan Klein said the helmet is collapsible and light and made of a composite material that makes it as safe as a normal helmet.
Kimbal Musk, Tesla board member and brother of CEO Elon, told Cheddar, "If you have a Model 3 and you'd like it delivered, we can probably get done for you by the end of the week. If we haven't reached out to you, reach out to us."
Mark Cummins, CEO of Pointy, shares his advice for young entrepreneurs in our 'What Keeps You Going' segment.
