Adi Robertson, senior reporter at The Verge, discusses the move this week by Senate Democrats to try and overturn the FCC's repeal of net neutrality. Democrats filed a resolution that would require a majority vote in Congress to pass.
It faces the biggest challenge in the Republican-controlled House of Representatives. Robertson weighs in on the likelihood of it passing and also discusses what various tech companies stand to lose if Democrats are successful.
She also talks about how extreme the response has been to the repeal of net neutrality, noting that she is not surprised how involved people have been in the fight. She says the battle for a free and open internet is one that consumers and internet companies have been fighting for decades.
While it was a volatile week in tech as Meta experienced the biggest one-day drop in the history of the U.S. stock market, industry giant Amazon reported 40 percent growth — largely on the strength of the cloud. Dan Ives, managing director of equity research at Wedbush Securities, joined Cheddar News to break down how the e-commerce company stock managed to pop despite headwinds against its core retail business. "It's all about cloud because of sum of the parts, you could argue, amazon could be $3,500/$4,000 stock just based on cloud," he said. Ives also addressed the apparent the differing impact of Apple iOS changes on Facebook and Snapchat.
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
