This was a wild year for the tech sector, but how did social media companies specifically do? Daniel Ives, Chief Strategy Officer & Head of Technology Research at GBH Insights, and Jason Moser, Analyst at The Motley Fool, join The Long and The Short to discuss Snap, Twitter, and Facebook.
Snap went public just 9 months ago and the company has already given investors with three straight disappointing earnings reports. Moser and Ives talk about how the camera company misjudged the demand for Spectacles.
Plus, how Facebook will fare after a year of "fake news" accusations. The platform recently put out new rules against hate groups. Investors are a little nervous after Zuckerberg announced that 2018 would be the year of spending. Expenses are projected to rise 45% to 60% from this year.
Elon Musk claimed that artificial intelligence has the potential to cause 'civilization destruction.' The billionaire is currently planning to come out with an AI platform, TruthGPT.
Ten electric or plug-in hybrid vehicles will be eligible for a $7,500 U.S. tax credit, while another seven could get $3,750 under new federal rules that go into effect on Tuesday.
