Rupert Murdoch is calling out Facebook, saying the social media site should pay publishers a carriage fee for the content on its site, just like cable companies do. Murdoch said Facebook and Google show news sources that are profitable but unreliable. Alex Heath, Senior Reporter with Cheddar, comments on whether we could see Facebook and Google develop a cable-like relationship with publishers.
Heath said Facebook and Google won't have a cable-like relationship with publishers because they are directly competing for the same ad dollars. The Senior Reporter called the duo "frenemies" and added that it's not appropriate to draw a parallel to the way cable companies operate.
We also hit on two other Facebook headlines. The social media company is reportedly buying Confirm, a software company that specializes in authenticating ID's. The acquisition is part of the social media giant's ongoing efforts to keep tabs on who it sells ads to.
In other Facebook news, some high level execs are coming and going. The Marketing Chief is stepping down, while a new A.I. Director is coming in. The social media company has been trying to break into the artificial intelligence space recently and even expanded its footprint overseas to grow the business. Heath said the hiring emphasizes Facebook's optimistic outlook on artificial intelligence, which is contrary to the doom-and-gloom outlook held by Tesla CEO Elon Musk.
Daytime talk television shows such as The Drew Barrymore Show and The Kelly Clarkson Show are resuming production after the writers' strike was resolved recently.
Ford reported lower-than-expected new vehicle sales in the third quarter.
On National Taco Day, Cheddar News breaks down which eateries are currently offering big deals to mark the day.
Finding a job and securing an interview is a stressful process. Cheddar News explains how artificial intelligence can help you prepare for that interview.
Jurassic Park and Lego are partnering for a movie.
Visual effects workers at Disney voted to unionize.
Workers at Kaiser Permanente walked off the job, representing the largest healthcare strike in history. Michelle Castillo broke down what could happen next and what it could mean for patients.
Wednesday marks World Financial Planning Day. Rebecca Walser, president and founder of Walser Wealth Management, joined Cheddar News to discuss why financial planning is important, how it can be done and why it's best to start early.
Traveling can be expensive and if a situation arises, costs can add up. Nick Ewen, senior editor at The Points Guy, joined Cheddar News to explain what travel insurance can cover and when you should purchase it.
A prosecutor opened a criminal fraud trial Wednesday by telling jurors that FTX founder Sam Bankman-Fried was on top of the world a year ago, hobnobbing with people like football star Tom Brady and ex-President Bill Clinton, before his historic fraud was exposed, leaving customers and investors without at least $10 billion they thought was secure.
