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.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
Archer Aviation founder and CEO Adam Goldstein shares big news about the aerospace company's new partnership with NASA and why they want to make your trip to the airport just five minutes long.
iFit CEO Kevin Duffy shares how the company is bringing artificial intelligence-powered workouts to consumers, plus other fitness trends to be on the lookout for in 2024.
Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented.
