*By Conor White*
After losing $136 billion in market cap in less than a week, Facebook is looking for ways to reinvigorate its outlook at a time of slowing ad revenue growth, [continued fallout](https://cheddar.com/videos/facebook-stock-crushed-after-disappointing-earnings) from the Cambridge Analytical data privacy scandal, and the [latest revelation](https://www.nytimes.com/2018/07/31/us/politics/facebook-political-campaign-midterms.html) Tuesday that it's detected attempts to influence this November's midterm elections.
"It's been a long 2018 for Facebook," said Madison Malone Kircher, an associate editor at New York Magazine. "Which brings us to the one thing Facebook is doing right, and that's the Stories platform. It works really well on Instagram, which Facebook owns, and they've really been trying to push to make it work on Facebook."
Instagram Stories has 400 million daily users, double the number of users of rival Snapchat, and Facebook has been trying to lure advertisers to the Stories platform.
Kircher said in an interview Tuesday with Cheddar that neither of the social media companies has figured out how to make user-generated stories on their platforms profitable.
"Snapchat, which is the creator of this style of posting, has also struggled with it," Kircher said. "They rolled out a new platform called 'Commercials' this week, which is similarly trying to figure out how to sell ads against this style of content."
In the end, Kircher said Facebook can push Stories to advertisers all it wants, but it won't be successful until it's popular with users.
"It's a two-fold problem Facebook has," Kircher said. "One, trying to convince advertisers to buy ads in this space, but first they have to figure out how to get us to use it."
For more on this story, [click here](https://cheddar.com/videos/facebook-pushing-stories-feature-to-advertisers).
The e-scooter boom has led to two fatalities ー both on Lime products ー the first documented deaths since scooters charged into the public square earlier this year. Emily Warren, senior director of policy and public affairs at Lime, said in order for e-scooters to become integrated into everyday transportation, there needs to be infrastructure put in place to keep scooter riders safe.
In an exclusive interview with Cheddar as part of the debut of Cheddar Rides, MTA Managing Director Ronnie Hakim outlined the plan to keep the 225,000 people who commute between North Brooklyn and Manhattan via the L train moving.
Shares of SVMK, otherwise known as SurveyMonkey, opened at $18.75, well above the original IPO price of $12.
SVMK, the parent of the online polling company SurveyMonkey ($SVMK), will begin trading as a public company Wednesday, looking to ride the wave of strong tech IPOs from the likes of Eventbrite, Farfetch, and Sonos.
Fintech firms' grand promise had been to unbundle services like checking, savings, lending, and wealth management. But as the big banks adapted to the ever-changing market, start-ups like Simple are now rebundling again. CEO Dickson Chu confirmed to Cheddar that the company, which was acquired by BBVA Compass in 2014, began offering personal loans up to $40,000 through a partnership with online lending company Prosper.
Adolphus Busch V is coming off the launch of ABV Cannabis, a marijuana start-up that operates in Colorado and sells disposable vape pens filled with cannabis oil. Next, Busch says he is looking to bring pre-rolled joints to market. He plans to brand the company as a healthy alternative to the product that made his family unimaginably wealthy.
Nearly all of cyclists who die in accidents weren't wearing helmets. Park & Diamond wants to change that. The start-up, which won the Red Bull Launchpad, is building a bike helmet that looks and feels like a regular baseball cap. Co-founders David Hall and Jordan Klein said the helmet is collapsible and light and made of a composite material that makes it as safe as a normal helmet.
Kimbal Musk, Tesla board member and brother of CEO Elon, told Cheddar, "If you have a Model 3 and you'd like it delivered, we can probably get done for you by the end of the week. If we haven't reached out to you, reach out to us."
Mark Cummins, CEO of Pointy, shares his advice for young entrepreneurs in our 'What Keeps You Going' segment.
These are the headlines you Need 2 Know.
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