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.
Pinterest has lost both its SVP of Engineering and SVP of People, the company confirmed to Cheddar. The departures come as $12 billion Pinterest is reportedly prepping to go public in 2019.
The San Francisco-based fintech firm's Series B funding round is led by Kleiner Perkins. Tally lets users link their various credit cards and pays them off on their behalf.
Mike Shields, Advertising Editor at Business Insider, predicts there will be a battle royale among original-content streaming platforms like YouTube TV, Twitch, Facebook Watch, and Instagram's IGTV. YouTube's strategy, Shields tells Cheddar, is to attract new talent with 6-figure payments.
The Tesla exodus continues, with the departure of a top sales Exec just adding to the string of departures from the company. Mark Spiegel, Managing Member at investment firm Stanphyl Capital, explains why investors should avoid the stock as Telsa faces another executive's departure.
Rich Greenfield, media and tech analyst at BTIG, discusses why there's no better time than right now to get in on Spotify. The streaming music platform is set to announce earnings on Thursday.
Spotify is set to report earnings on Thursday, and Rich Greenfield, Media and Tech Analyst at BTIG, tells Cheddar that now is the time to invest in the music-streaming service.
Cheddar has learned that the company's VP of Hardware has left the company after disappointing sales of its Spectacles augmented reality glasses. The devices have lost Snap $40 million.
These are the headlines you Need2Know.
Facebook has suspended analytics firm Crimson Hexagon for allegedly mishandling user data. The Boston-based company has also been banned from the site for possible ties to a Kremlin-based nonprofit and the U.S. government. Deputy Tech editor at [Mashable Michael Nuñez explains why users should be concerned.](https://mashable.com/2018/07/20/facebook-suspends-crimson-hexagon/)
The electric carmaker reportedly wrote to suppliers for refunds for purchases dating back to 2016, an unusual move for the auto industry. Tesla has been struggling to ramp up production of its mass-market Model 3 car, which is crucial to helping the company turn cash flow positive. Cheddar's Tim Stenovec and Kristen Scholer break down the details.
