FCC Chairman Ajit Pai is under investigation for collusion. Last year, Pai and the FCC changed the law which dictates how many stations a TV broadcaster can own. This paved the way for Sinclair to buy Tribune Media for $3.9 billion. Now, investigators are looking into whether Pai improperly colluded with Sinclair to change these rules. Snap CEO Evan Spiegel is doubling down on the controversial app redesign after facing fierce backlash. At a conference, Spiegel said the widespread criticism actually validates Snapchat's mission. The update rolled out globally a few days ago and has faced sharp backlash from teens and even celebrity influencers like Chrissy Teigen. The new Snapchat separates friends and family from celebrities and media content. A petition to revert back to the old version has already picked up 1 million signatures.

Share:
More In Technology
Cyber Insurance Firm 'Coalition' Lands $205 Million
Cyber insurance and security company Coalition helps businesses manage and mitigate cyber risks. It just raised a $205 million Series E funding round led by Durable Capital at a $3.5 million valuation. The company also just announced its acquisition of Attune Insurance, making it the world's largest commercial insurtech provider. Coalition founder and CEO Joshua Motta joined Cheddar News' Closing Bell to discuss.
Load More