People are spending less time on Facebook, according to the company's latest earnings report. On average, users are spending 50 million hours less on the platform, a drop of about 5%. But CEO Mark Zuckerberg says this is intentional. In a statement, Zuckerberg said the company intentionally featured fewer viral videos to "make sure people's time is well spent." The social media company also reported increased ad revenue.
Twitter doubles the number of users who interacted with Russian-linked trolls. The social company now says 1.4 million users in the U.S. engaged with these accounts, more than double what the company originally reported. Twitter is sending out notifications to users who liked, retweeted, replied to, or quoted a Russia-backed account.
And eBay is parting ways with longtime partner PayPal in favor of Dutch payment processing company Adyen. Consumers will still have the option to check out using PayPal but will now be redirected towards an external site. This is an attempt by the company to take more control of sales on its platform. PayPal and eBay used to be part of the same company but parted ways in 2015.
Plus, we bring you a full hour on the Business of Sports heading into Super Bowl weekend. President of the San Francisco 49ers Al Guido discusses how the NFL is trying to turn around declining viewership. He also talks about the team's thoughts on Colin Kaepernick and protests within the NFL. Guido says he's inspired by the work Kaepernick has done and wants to turn these protests into progress.
The video announcement Friday came after weeks of speculation spread on social media about her whereabouts and health since she was hospitalized in January for unspecified abdominal surgery.
Chip Giller, co-founder, and Amy Seidenwurm, Chief of Programs and Strategy at Agog: The Immersive Media Institute, discuss how the organization uses the virtual world to make real change.
Luminary founder and CEO Cate Luzio shares some of the company’s latest Women’s History Month events and why there’s so much to celebrate about women in the workplace.
WSJ reporter Ray Smith breaks down why more companies are offering ‘dry’ promotions – a responsibility or title bump with no pay raise – and the pros and cons of accepting them.
Apple says a Justice Department antitrust lawsuit accusing it of engineering an illegal monopoly in smartphones in the U.S. is “wrong on the facts and the law.”
As Reddit shares begin trading at the NYSE, ‘Einstein of Wall Street’ Peter Tuchman breaks down the social platform’s debut and what it means for the overall IPO market in 2024.
CEO and co-founder of Alix, Alexandra Mysoor, discusses why it’s so important for everyone, regardless of income, to both plan and settle their estates.
After the Fed forecast three cuts to come in 2024, Kevin D. Mahn, President and CIO at Hennion & Walsh Asset Management breaks down why the market looks strong, and he sees some reasons for concern in Reddit’s choice to IPO.
