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.
Allstate's partnership with Uber to provide drivers with commercial auto coverage now encompasses four states, including some of the New York market. The expansion hedges against a possible future where fewer car owners means fewer individual policies, said Tom Troy, executive vice president for Allstate's business insurance unit.
Tamara Warren, automotive journalist, said that Mercedes's new electric SUV is the first of what will be many luxury electric cars, and Tesla's about to get a lot more competition.
Will Uber hit its self-imposed deadline to file for an IPO in 2019? Joshua Franklin, IPO and private equity correspondent for Reuters, said it's on track.
Sachin Kansal, Uber's chief safety officer, told Cheddar about the new features rolling out to Uber drivers that were built with their feedback in mind. The announcement comes on the one-year anniversary of Dara Khosrowshahi taking over as the company's CEO.
Wednesday is a busy day on Capitol Hill. Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey are testifying before the Senate as questions grow over foreign influence and fake news. Plus, Brett Kavanaugh returns to Capitol Hill to face questions from lawmakers in day two of his confirmation hearings. And we sit down with Tiffany Pham, CEO and founder of the website Mogul, to discuss how women can succeed in business.
These are the headlines you Need 2 Know.
Bjørn Kjos, CEO of Norwegian Air, said the demographic is the most important customer the company has. The company just reported 13 percent growth in traffic in July.
Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg are testifying in front of the Senate. Dana Wollman, acting Editor-in-Chief of Engadget, tells Cheddar what these executives have to say to satisfy both lawmakers and investors.
Sascha Segan, mobile analyst at PC Mag, spoke with Cheddar about Samsung's plans to debut a "foldable" phone, as well as to unveil improvements to other mid-tier devices.
Samsung announcing that consumer will be seeing a flexible phone by the end of this year. Sascha Segan, lead mobile analyst at PC Mag, joins Cheddar to discuss what this innovation means and why the company is looking to improve the technology of its mid-tier phones.
