Once seen by politicians as a tool to tackle issues, Capitol Hill is finding out that technology could be a double-edged sword with unintended consequences. Cecilia Kang, National Technology Correspondent at The New York Times, joined to take a closer look at the crossroads between politics and Silicon Valley.
Kang discussed why the Democrats became sour on Silicon Valley. She said the 2016 election was the start of a journey for the Democratic party to evaluate the role of technology companies in the spread of information. Kang added that they wanted to investigate whether social media companies were good or potentially harmful for democracy. When the shock wore off from the election results, they wanted to look into what was behind the outcome.
Are Democrats just trying to find something else to blame for election results they aren’t happy with? Kang pointed out that social media companies themselves have acknowledged that they did play a role in the election. This is evident in the newsfeed algorithm changes implemented by Facebook. The company is now placing a heavier emphasis on content from friends and family opposed to content from publishers.
Altro founder and CEO Michael Broughton shares how his company is bringing both expanded credit access and financial wellness to underserved consumers, plus netting early investments from Tinashe, Quavo, and Jay Z’s Marcy Ventures.
Portillo’s CEO Michael Osanloo discusses the company’s decades of profitability, opening restaurants in new markets, and why it doesn’t need trends like dynamic pricing.
Adam Turnquist, Chief Technical Strategist for LPL Financial, weighs in on the latest CPI data, what could get the Fed to lower borrowing costs, and the crypto rally.
