Kristen Scholer, Hive editor Jon Kelly, and the VF Hive panel discuss the top five stories of the week in technology, politics in business. Nick Bilton reports on his story about Donald Trump's threats to devalue the social media platforms that gave him his rise.
Nick also weighs in on early Facebook executive Chamath Palihapitiya's assertion that social media is tearing society apart. Scholer, Kelly and Bilton discuss whether that's true, and whether Facebook and Twitter will reach an inflection point.
Hive panelist Bess Levin talks about the latest trouble in Trumpland, with commerce secretary Wilbur Ross being accused of insider trading. Abigail Tracy reports on her story about Nikki Haley's potential political ambitions in 2020.
T.A. Frank winds up the Hive 5 with his analysis of the recent Senate Special Election in Alabama. Frank and the panel discuss Roy Moore's defeat and unlikely victory for Democrat Doug Jones. They cover the potential for future Democratic victories in Alabama, as well as Charles Barkley's message to the state prior to the election.
These are the headlines you Need2Know.
The black cab drivers are exploring the possibility of bringing a class action lawsuit against the ride-hailing app, arguing that tens of thousands of them have seen their earnings dwindle with Uber's presence in the British capital. Last month, Uber won back its license to operate in London, after the transportation authority initially cited the company's poor working conditions. Cheddar's Kristen Scholer and Tim Stenovec get into the latest.
The company, which counts former House Speaker John Boehner as a board member, just brought in $119 million in funding. Now Acreage Holdings is getting ready to list shares in Canada, a significant step for the growth and acceptance of cannabis, says George Allen, the company's president.
Peter Loftus, Reporter at the Wall Street Journal, is skeptical of pharmaceutical companies touting lower drug prices. Merck may be cutting prices on medications, Loftus told Cheddar, but the ones affected represent a smaller percentage of the company's total sales.
Kaniela Ing is fighting for a lead in Hawaii's First Congressional District. Currently ranked fourth in polling, Ing urges progressive Democrats not to take a step back after Alexandra Ocasio-Cortez's historic campaign, but rather to embrace new wave politics.
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 U.S. president on Sunday tweeted at Iranian president Hassan Rouhani to "never, ever threaten the United States or you will suffer consequences the likes of which few throughout history have ever suffered before." His all-caps post came in response to Rouhani's own strongly-worded message for the United States. Cheddar's J.D. Durkin gets into the latest.
These are the headlines you Need2Know
The president's personal attorney recorded a discussion with Trump two months before the election about payments to a former Playboy model who claims she had an affair with Trump, according to a New York Times report. Those payments are under investigation for any potential campaign finance law violations. "The White House is in scramble mode," says Siraj Hashmi, Commentary writer at the Washington Examiner.
Rep. Brendan Boyle (D-PA) condemns the President’s behavior at his public meeting with Putin and Trump's remarks in the days that followed. “My greatest concern, really, is what might happen over next few weeks and months where Putin decides to take advantage of this weakness,” he tells Cheddar.
