Twitter is taking steps to remove bots after growing criticism. This week the company quietly deleted thousands of automated accounts. Shares of Twitter were down about 3 percent on Thursday. The Daily Beast's Technology Reporter Taylor Lorenz explains whether this move is a little too late for Twitter.
"It's great that they are addressing the bot problem. Of course, it would have been much better if they had addressed it earlier," says Lorenz. "I'm skeptical it will make a huge difference."
Lorenz interviewed several former Twitter engineers who said the company's bot protection technology was so bad that they only addressed it after the media backlash.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
