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.
The Federal Reserve released its highly-anticipated research weighing the pros and cons of a digital dollar in the U.S. The report comes as economic rivals like china have already piloted their own central bank digital currencies. Edward Moya, Senior Market Analyst, The Americas, Oanda, joined Cheddar's Opening Bell to discuss.
Verizon and AT&T officially launched their 5G wireless services Wednesday across the U.S. Despite pushback from U.S. airlines and the FAA over safety concerns, the telecom giants rolled out the next generation of wireless cellular technology, with speeds up to 20 times faster than 4G LTE. John Biggs, Editor, Tech Crunch joined Cheddar's Opening Bell to discuss.
Earnings season kicks into high gear this week as big players are on tap to report their Q4 numbers, including Microsoft, Apple, and Tesla. Investors will be watching for key indicators on how the companies are dealing with inflation, Omicron and interest rates. Christine Short, VP of Research, Wall Street Horizon joined Cheddar's Opening Bell to discuss.
Stan Farnsworth, chief marketing officer at PulseForge, joined Cheddar to talk about his company's debut at CES 2022 and how it plans to innovate the sustainable tech manufacturing space. PulseForge is bringing a new approach to industrial thermal processing, which contributes to 30 percent of global greenhouse gas emissions, according to Farnsworth. "By using 85 percent less energy in the processing of materials through a variety of manufacturing processes, we can make a direct impact in reducing carbon output and reducing carbon footprint associated with manufacturing," he said.
The streaming giant Netflix posted its latest earnings from its fourth quarter after the close on Thursday. The company's stock plummeted shortly after the company warned that its rate of subscription additions are slowing down. Senior Reporter at MarketWatch Jon Swartz, joined Cheddar to discuss more.
