NewsPicks CEO: Humans, Not Algorithms, Pick Content to Counter Fake News
*By Michael Teich*
At a time when misinformation floods digital news platforms, and internet trolls take over comment sections, online news platform NewsPicks is turning to high-profile curators for quality content.
Curation led by trusted sources increases the "chance of bringing in the best content that's obviously not fake," said CEO Ian Myers.
The growing need to purge tech sites of potentially problematic content was highlighted most recently by Twitter which, [according to the Washington Post](https://www.washingtonpost.com/technology/2018/07/06/twitter-is-sweeping-out-fake-accounts-like-never-before-putting-user-growth-risk/), suspended 70 million fake accounts over the last two months and was banning more than a million accounts a day.
Fears that such a culling would cut into user growth sent shares of Twitter reeling Monday, though the stock was about to pare losses after CFO Ned Segal [tweeted](https://twitter.com/nedsegal/status/1016371745933033472) that such accounts were not counted in the company's metrics.
Still, the way news is digested and delivered is undergoing a period of disruption, and tech companies such as Apple, Google, and Facebook are looking to seize the market. But the aggregation by Silicon Valley natives lacks originality, Myers told Cheddar.
“It’s commodity news. Doesn’t matter where you get it. It’s just where you click first.”
NewsPicks is owned by a Japanese media company that also acquired Quartz last week for up to $110 million.
For the full segment, [click here.](https://cheddar.com/videos/newspicks-ceos-key-to-winning-digital-news-quality-over-quantity)
Fintech company Acrisure recently raised $725 million in a new funding led by a wholly-owned subsidiary of the Abu Dhabi Investment Authority, bringing the company's valuation to $23 billion. Acrisure offers financial solutions including insurance, reinsurance, real estate services, cyber services, and asset management. The company says its financial solutions are powered by the best of human and artificial intelligence. Greg Williams, co-founder, CEO and President of Acrisure, joins Cheddar News' Closing Bell to discuss.
On Today's Biz Breakdown, the oil shortage being compared to the 1970s gas crisis, home prices surged In March, and 56% of tech workers say they would quit if recorded by their employer.
After two subway shootings in two months and the more recent mass shootings in Uvalde, Texas, and Buffalo, New York, Mayor Eric Adams is calling for gun detection scanners to be installed in New York City subways. The tech would be similar to that used in sporting arenas, however, experts note multiple difficulties with such a setup including the need for nearby human operators.
Catching you up on what you need to know on Wednesday, June 1, 2022, House lawmakers hold an emergency hearing on gun control measures in the wake of the Uvalde shooting, the Supreme Court temporarily blocks Texas' law stopping social media moderation, and the James Webb Space Telescope gets a new mission.
On today's Biz Breakdownm, Ford beats Tesla to the first EV truck Deliveries, massive flight cancelations wrap up Memorial Day Weekend, and Apple announces new IOS 16 features one week before the WWDC.
Scientists are hoping that the simplest element in the universe — hydrogen — can be the solution to slowing down climate change. However, it does not come without cost. The process of making hydrogen could potentially add more CO2.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Canopy Growth reported a wider-than-expected loss in its fourth quarter and fiscal year results. However, the cannabis company plans to expand its portfolio and make new investments to achieve profitability and drive growth. CEO David Klein provides insight into the earnings report and how the company plans to reach profitability. “The premium strategy coupled with our mainstream brands in Canada is the key to achieving profitability here," he said.