Michael Simon, staff writer for PCWorld, discusses President Obama's comments in an interview with Prince Harry where he warned against the misuse of social media, hinting at leaders that use platforms to divide and spread misinformation. Simon discusses how news outlets play to their specific partisan audiences, MSNBC to its liberal viewers and Fox to conservatives. Simon predicts that the shift will be to more opinion-based news as opposed to fact-based sources. And in this age of targeted advertising, that is what works Meanwhile, Vladimir Putin is putting new laws in place that will oversee use of the internet in his country. The Russian president has acknowledged that he will be monitoring the activity of certain companies more closely as they head into the upcoming Russian election.

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Cyber Insurance Firm 'Coalition' Lands $205 Million
Cyber insurance and security company Coalition helps businesses manage and mitigate cyber risks. It just raised a $205 million Series E funding round led by Durable Capital at a $3.5 million valuation. The company also just announced its acquisition of Attune Insurance, making it the world's largest commercial insurtech provider. Coalition founder and CEO Joshua Motta joined Cheddar News' Closing Bell to discuss.
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