Social media networks now face a fine of over $50 million in Germany if reported hate speech is not taken down within 24 hours, or seven days in complicated cases. Phillip Tracy, Tech Writer at The Daily Dot, joins Cheddar to discuss the new laws.
The Network Enforcement Act went into effect in October, but social media networks were given a grace period until January 1st. Facebook has reportedly already hired a team of people in Germany to deal with content deemed as hate speech. The law was met with much criticism over freedom of speech when first presented.
Tracy believes there will be a learning curve when it comes to what is considered hate speech. He doesn't think it's practical right now because of the sheer volume of content on social media platforms.
Ebony Beckwith, chief philanthropy officer at Salesforce and CEO of the Salesforce Foundation, spoke to Cheddar about the changing landscape of corporate social responsibility.
Jack Hartung, Chipotle's chief financial officer, talked to Cheddar about the restaurant chain's investment in autonomous vehicle maker, Nuro, and the future of burrito deliveries.
Jay Livingston, Shake Shack's chief marketing officer, said Uber's experience in the delivery space made the exclusive partnership an easy decision.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
AeroFarms ($ARFM), a leading vertical farming company, announced Friday morning that it plans to go public via a merger agreement with a special purpose acquisition vehicle.
Rep. Jan Schakowsky (D-Ill. 9th District) and Rep. Bob Latta (R-Ohio 5th District) joined Cheddar to discuss what Congress might do about the Big Tech companies following the latest hearing on misinformation and disinformation online.
Black-owned businesses have been among those hit hardest during COVID-19, but some like Mikey Likes It ice cream shop and the Vanity Beauty Bar have found some help in online programs and grants from companies like Facebook.
In 2007, a group of Facebook engineers introduced “the awesome button” to their boss, Mark Zuckerberg.
Nearly two years after its attempted initial public offering of shares disintegrated, WeWork says it will go public in a merger with a special-purpose acquisition company.
Vizio CFO Adam Townsend spoke to Cheddar about the TV manufacturer's expanded SmartCast streaming offerings to boost revenue through ad-supported content as the company went public via the NYSE on Thursday.
