Tech giants such as Facebook, Google and Twitter will once again face Congress this week to testify in the Russian election meddling investigation. Daniel Ives, Chief Strategy Officer and Head of Technology Research at GBH Insights and Scott Kessler, Director of Equity Research and Analyst at CFRA join The Long and The Short to discuss which platform will be affected the most from this trial.
Facebook announced a new News Feed where "meaningful content" will take priority over "relevant content." Ives says that this change could actually be good for the company in the long term. He doesn't believe it will impact publishers or user growth as much as people are afraid it will. When it comes to testifying on Capitol Hill, Kessler believes Facebook will be on the defense and take a firm stance on defending its platform.
Plus, Twitter's stock spiked after Facebook announced it was changing its News Feed. Kessler thinks Twitter is the one company that hasn't answered questions from Congress regarding Russian meddling in the election. He talks about Twitter's long road to improve upon certain operations.
Payment processor Paypal will roll out a Venmo option for Amazon customers beginning in 2022 as the payment app continues to grow the number of merchants it works with.
Facebook officially announced that it is shutting down its facial recognition software which identifies users in photos and videos. The decision comes during growing societal concerns over the use of the technology. Cathy Hackl, Tech futurist and CEO of the Futures Intelligence Group joined Cheddar's Opening Bell.
Virgin Orbit is introducing air-launch services to the Eastern Hemisphere for the first time in history. Sir Richard Branson's space launch company has signed an agreement with ANA Holdings, the owners of Japan's largest airline, to procure 20 flights of its LauncherOne rocket from an airport in Japan, a big boost for the aerospace industry in Asia. Dan Hart, CEO of Virgin Orbit, joined Cheddar to discuss the new partnership, the future of air launch, and how small satellites can help monitor climate change impacts.
Virgin Galactic is reporting an increase in demand for commercial space flights after seeing a boost in ticket sales, raising the price for a seat on a shuttle to $450,000. The company said they now have 700 customers.
Walmart has joined forces with robotruck start-up Gatik to deploy driverless grocery delivery. We spoke to the CEO and co-founder of Gatik to discuss how the technology works and how autonomous vehicles will help ease supply chain issues.
At least 7 million customers have been impacted by a data breach on the investing app Robinhood. The specific information that was leaked varied by each customer, but Robinhood stated that hackers did not access social security numbers or banking information.
Doug Astrop, managing partner at Exponential Investment Partners, joined Cheddar to discuss Peloton's precipitous price drop, and whether the company can recover as the at-home workout trend tapers off. "They've lowered the prices on their equipment to try to attract a bigger audience because ultimately they're sort of headed to this Apple ecosystem model where they can monetize a loyal customer base," he said. Astrop noted that he believes there is a reality where the in-person gym experience and Peloton's at-home programs can co-exist.
Jill and Carlo discuss the scenes of joy at American airports as borders reopen, another tool in the Covid toolbox, the latest in the Astroworld crowd crush tragedy and more.
