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.
Shares of Facebook plunged Thursday after its latest earnings report. But Jefferies analyst Brent Thill tells Cheddar the company won't suffer in the long term, particularly because Europe's new data rules are "great hygiene" to work out the kinks.
President Trump accused Twitter of so-called "shadow banning" high-profile Republicans from the platform. Twitter has said that, while some users appear to not be showing up in auto-fill search results, down-ranking the results has been based solely on user behavior, not on their political leaning.
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Revenue growth at the music streaming service took a bit of a hit from new data regulations in Europe, but subscriber growth continued as the company hit 83 million paying users in the second quarter.
Cheddar's Hope King sat down with Reddit Co-Founder Alexis Ohanian on Wednesday. Ohanian, whose wife Serena Williams gave birth to their first child last year, has been an advocate for increased parental leave.
Sergio Marchionne, who resigned as CEO of Fiat Chrysler over the weekend, died in Zurich on Wednesday. Mark Rechtin, executive editor for Motor Trend, emphasized Marchionne's brilliance as a CEO, and the impact his death will have on the company.
The stock was down more than 20 percent after hours after the company reported monthly active users of 2.23 billion in the second quarter, below Wall Street estimates for 2.25 billion. Revenues also fell short of expectations in the first report to cover a full quarter since the Cambridge Analytica scandal broke.
The social media platform has received a lot of criticism recently for how it handles fake news, particularly when it comes to conspiracy theorist Alex Jones. But censoring content would be a much worse strategy, said Axios reporter Sara Fischer.
The venture capitalist and husband of Serena Williams was one of the first investors in Coinbase. He told Cheddar he's staying away from the more speculative ICOs and instead investing in the "picks and shovels" that provide fundamental support for the long-term viability of cryptocurrencies.
AT&T announced this week it will bring 5G capabilities to Charlotte and Raleigh, North Carolina and Oklahoma City by the end of 2018. Melissa Arnoldi, President of Technology and Operations at AT&T, says building in these locations may help close the rural-urban digital divide.
