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.
Facebook plans to finally unveil its Portal video chat device for the home next week, Cheddar has learned. The device will function similarly to an Amazon Echo Show with social features and come in two screen sizes, according to people familiar the matter. The wide-angle video camera will use artificial intelligence to recognize people in the frame and follow them as they move throughout a room.
Amazon will get a lot more than 3,000 brick-and-mortar stores when it builds out its cashierless Amazon Go chain.
The tech giant announced a slew of new products and software for Alexa-enabled homes, betting that the voice assistant becomes the entryway into the company's ecosystem for many households. Among the new Echo devices: a microwave, a wall clock, and the Echo Auto.
Thursday's IPO, with shares priced at $23 near the high end of its range, implied a valuation of nearly $1.8 billion. By midday, the stock was trading over $37. Julia Hartz, Eventbrite CEO, said the company's relentless focus on the "mid-market" protects it from competition from Ticketmaster or Facebook.
What does crypto have to do with journalism? Civil Media thinks it can be the answer to some of the field's woes, from eroding trust to a collapsing business model. As CEO Matthew Iles explained, the start-up's token sale can help build an infrastructure that will serve as a new economy for newsrooms.
Eventbrite, the online "do-it-yourself" ticketing agency, went public on the NYSE Thursday with shares priced at $23. By midday though, the stock, trading under the ticker EB, was at $37. The company's Chief Brand Officer Brian Irving joined Cheddar to discuss the debut.
The one-time Beatle is back at #1, and he didn't do it solely by selling albums. Austin Powell, managing editor at The Daily Dot, explains how McCartney was able to use the new music economy dominated by Spotify and Apple Music to his advantage.
The difference between the wild valuations and stock moves in the nascent pot industry and those of the turn-of-the-century dot-com stocks (Pets.com, anyone?) is that cannabis "is a market that actually exists," said financier Terry Taouss of cannabis financing company Tidal Royalty.
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Naz Aletaha, head of esports partnerships for Riot Games, said that the "priceless" experiences with new global sponsor Mastercard will start with the world championships in October, offering premium content and behind the scenes access to the biggest event for esports lovers.
