Earlier this month Facebook announced they would be adjusting their media and news strategy to give preference to reliable news sources. This has since resulted in fire from media moguls and another announcement from Facebook that they would be giving preference to local news sources.
Sara Fischer is the media reporter at Axios. She joins Cheddar to explain how local news sources have unique relationships with tech companies like Google and Facebook.
Fischer explains that if Facebook wants to drive community engagement, turning to local news could be the right move. Community engagement is going to be done by tapping into local stories and local topics.
Stocks were generally flat after the opening bell on Friday ahead of Federal Reserve Chair Jerome Powell's comments in a speech at Spelman College later. Investors are growing optimistic that the central bank is done raising rates and may start cutting next year.
The network of nearly 4,800 fake accounts was attempting to build an audience when it was identified and eliminated by the tech company, which owns Facebook and Instagram.
Someone in China created thousands of fake social media accounts designed to appear to be from Americans and used them to spread polarizing political content in an apparent effort to divide the U.S. ahead of next year's elections, Meta said Thursday.
