The indictment of 13 Russians for interfering with the Presidential election has intensified the pressure put on Facebook, which uncovered about three-thousand Russian-linked ads on its platforms before and after November 2016. Cheddar Senior Reporter, Alex Heath, breaks down the the latest developments.
Facebook's Vice President for ads, Rob Goldman, tweeted about Russia's disinformation effort. President Trump then cited him. Facebook did not intend for Goldman’s tweets to be quoted by Trump. They thought the tweets would only be seen by a contextually-aware audience of techies and media types who follow Goldman.
Heath believes that the tweeting from Goldman and other execs is part of a carefully orchestrated PR campaign by Facebook to make itself appear more transparent and relate-able through engaged spokespeople on Twitter.
On Thursday the Dow closed down more than 500 points, just one day after a 800 point drop. The tech-heavy Nasdaq briefly fell more than 10 percent from its all-time highs, as the market's "fear index" hit its highest level since February. Eugene Yashin, CEO and CIO at Signet Financial
Management, discusses what's causing the volatility.
Anne Mahlum isn't mincing words: her start-up is for sale. The founder and CEO of Solidcore, the latest boutique fitness studio with an NYC flagship, says she's expanding the business with an eye on a sale within five years.
The markets looked to recover from a major sell-off on Wednesday. The Dow closed down more than 800 points. The Florida Panhandle is reeling after Hurricane Michael tore through the region causing catastrophic damage. And Razer launched a handful of new products, including the Razer Phone 2, to make gaming more accessible. Kevin Allen joins Cheddar to explain what makes the products stand out in the gaming world.
Shopify, the Canadian e-commerce site, is finding its place offline opening its first retail space ever in Los Angeles. Satish Kanwar, VP of product at Shopify, said that the company's goal is always to make entrepreneurship more accessible.
The competition is on for new medicinal marijuana licenses in New Jersey after Democratic Gov. Phil Murphy prioritized cannabis production when he took office. The CEO of one potential licensee, Moxie, thinks the state has "passed the tipping point" for accepting medical pot at the state level.
Chad Morganlander, portfolio manager at Washington Crossing Advisors, and Daniel Ives, managing director at Wedbush Securities, urged caution and long-term thinking for investors not used to this kind of volatility.
These are the headlines you Need 2 Know.
The Dow was back to session lows late Thursday morning after briefly entering the green following Wednesday's widespread sell-off.
Google's community-based traffic app epanded its carpool service to customers in the U.S. on Wednesday. Josh Fried, head of carpool at Waze, said the main goal is to reduce traffic and make it easier for its customers to carpool effectively.
In July, AT&T made a strategic investment in Magic Leap, the high-profile augmented reality start-up. It was a key move as the telecoms giant continues its push toward winning the 5G race. Cheddar caught up with John Donovan, CEO of AT&T Communications, to discuss the tie-up and what 5G will mean for consumers.
