Former Facebook and Google Employees Team Up To Tackle Tech Addicition
Tackling tech addiction - that's the goal of a coalition formed by former Apple, Facebook, and Google employees. The Center for Humane Technology is launching a new campaign called "The Truth About Tech" to inform parents, teachers, and students about the potentially harmful effects of the gadgets we use every day.
Rob Marvin, Associate Features Editor at PCMag, explains how the coalition plans to fix the problem of tech addiction. The group is partnering with hundreds of schools around the country to explain the dangers of gadget use.
So far, companies like Facebook and Google haven't been incredibly forthright about the issue of tech addiction, but that could slowly change. Marvin says all of these companies are especially concerned with how they are viewed by the public. If people begin to view these companies as potential dangers, then they will likely step in to change things.
Marc Blinder, Co-Founder and CEO of Aikon, joins Cheddar News' Closing Bell, where he discusses how his company is helping businesses use blockchain applications without needing to learn the intricacies of the new technology.
Senators Richard Blumenthal (D-Conn.) and Marsha Blackburn (R-Tenn.) have introduced a new bill to afford greater protection to minors on social media. The genesis of the Kids Online Safety Act came from a Facebook whistleblower case exposing the harm apps can have on the mental health of young girls.
Ride share competitors Uber and Lyft both posted their fourth quarter earnings days apart from each other. Both companies have been trying to get back on their feet after taking some pandemic-related hits, but the Omicron variant had other ideas as the year came to a close, with each company taking a hit in ridership in December. Lance Ippolito, head trader at The Future of Wealth explains how Uber and Lyft measured up this earnings period and why Uber may still have an edge over the competition.
Parallel Systems has been selected to receive $4.5 million from the Department of Energy for an advanced testing program of its autonomous, battery-electric rail vehicles. The startup, which has raised more than $53 million to date, was founded by former SpaceX engineers to reimagine the rail system by creating a more efficient, decarbonized freight network. Matt Soule, Co-founder & CEO of Parallel Systems, joined Cheddar's Opening Bell to discuss what the company hopes to achieve.
