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.
Wells Fargo just can't seem to escape public scandal. The bank is being fined $1 billion for scamming customers into buying auto loans, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced Friday. Last year, Wells Fargo apologized for selling car insurance to around 570,000 customers who didn't need it. It's the toughest fine the Trump Administration has imposed on a Wall Street bank yet.
Apple may discontinue its iPhone X after lackluster sales. The semiconductor company Apple uses for iPhone X parts, Taiwan Semiconductor Manufacturing, issued weak guidance for the rest of the year in its recent quarterly earnings report. One analyst is speculating this means Apple is no longer ordering parts for its iPhone X.
And we're joined by the CEO of the new subscription box company, "Hunt A Killer." Ryan Hogan explains how his company ships monthly boxes to customers, encouraging them to solve murder mysteries one clue at a time.
This year is shaping up to set a record for retailers closing stores as companies from Toys 'R' Us to Bon-Ton face the fate of declining foot traffic and rising e-commerce. The Lionesque Group's Melissa Gonzalez discusses the future of brick-and-mortar.
San Francisco officials said this week that the bike-sharing company along with two others "create a public nuisance." But LimeBike's CEO disputes that criticism and says the company has been working with communities to understand and respond to their needs.
The online investing company has "a lot of automated services that help make more of your money," says CEO Jon Stein.
The meal-kit delivery service specializes in specific diets from Paleo to gluten-free to Mediterranean, which is how it differentiates itself in the delivery space. "We're not trying to be all things to all people," says CEO Adam Zbar.
Numerous food delivery start-ups have tried -- and many have failed -- to operate in the restaurant industry where slim profit margins are the norm. But MealPal has pulled through, and that's because it has found a way to make consumers happy, "but also work for the supply side," explains Mary Biggins, co-founder of the app.
Nora Ali and Brad Smith take a look at how the most popular cryptocurrencies are performing in this week's edition of "The Crypto Craze." Bitcoin surged back above $8,000, but there have still been significant price fluctuations throughout the week.
Discord, which offers free voice and text messaging catered to the gaming community, has raised $50 million in new funding at a valuation of $1.65 billion. The latest financing more than doubles its previous valuation from 2017.
The online retailer announced that Best Buy will be the exclusive brick-and-mortar retailer for its new line of smart Fire TVs. It's the latest step in Amazon's push into physical locations and could eventually lead to more exclusive deals with Best Buy, says Michael Simon, Staff Writer for PC World.
CEO Jeff Bezos announced for the first time Wednesday that the e-commerce giant has 100 million paying Prime subscribers.The shareholder letter didn't shed light on whether people are signing up because of the free shipping offer or for original video content, but Michael Simon, Staff Writer for PC World, says it's probably an even split.
