What iPhone Designer Tony Fadell Thinks Apple Should Do About Tech Addiction
They say the first step to overcoming addiction is acknowledging the problem, but what if your addiction is to technology?
IPhone designer and Nest founder Tony Fadell told Cheddar people need tools to understand how they use their devices.
“Today we do not have the information at our fingertips to allow us to see what our digital life looks like,” he said. “All of these companies have a measurement of our digital life. They know how much time we spend in each of these apps.”
“Apple and Google create these platforms, and they are in the perfect position to give us this data this back to us, and blend it with our physical data.”
Fadell’s comments follow calls from two major Apple investors that the tech giant do more to combat smartphone addiction among children. Jana Partners and California’s teachers’ retirement fund wrote letter to the company over the weekend, saying overuse of the devices has lead to lack of concentration in classrooms.
Fadell argues, though, that the issue is not exclusive to children.
“We have to think broader,” he said. “When it comes to our family, we have tech-free Sundays, where the parents and the kids are not on technology, where we’re together as a family.”
For the full interview [click here](https://cheddar.com/videos/apple-ipod-co-inventor-tony-fadell-on-combating-addictive-quality-of-technology).
The crypto industry is still reeling from Terra's recent crash. The company's blockchain was temporarily halted earlier this month after the collapse of its cryptocurrency Luna (LUNA) and its stablecoin TerraUSD (UST), which led to almost $45 billion being wiped from the tokens' market caps within a week. Now, many are left wondering what Terra's struggles mean for the broader crypto market. Reeve Collins, CEO of the NFT platform BLOCKv, joins Cheddar News' Closing Bell from Davos 2022 to discuss.
China's largest ride-hailing company will no longer be listed on the world's largest stock exchange. Didi shareholders voted on Monday to delist from the New York Stock Exchange, less than a year after launching a $4.4 billion IPO with the most significant U.S. share offering by a Chinese company since Alibaba debuted in 2014. Since going public in June of last year, around $70 billion has been wiped from Didi's market value and shares of the company have dropped nearly 90%. Now, Didi is expected to begin preparations to list in Hong Kong. Kevin T. Carter, founder and Chief Investment Officer of EMQQ Global, joins Cheddar News' Closing Bell to discuss.
Ahead of the Meta shareholder meeting, more than five hundred doctors have jointly sent a letter to investors to hold the Facebook parent accountable for the risks its platforms have posed to the public and mental health. Dr. Rob Davidson, a West Michigan ER physician and executive director of the Committee to Protect Health Care, joined Cheddar News to discuss how medical professionals are coming together to highlight the social media giant's spread of misinformation, especially during the pandemic. "We've seen the direct impacts of misinformation and disinformation that spreads like wildfire on the social media platforms," he said. "Our goal with this letter is to try to get the shareholders of Meta to convince leadership that they need to do a better job."
Snap downgraded its earnings and revenue expectations for the second quarter, saying the "macroeconomic environment" has deteriorated faster than the company anticipated. The warning sent shockwaves through the digital ad industry, dragging down a handful of other tech stocks, including Pinterest, Meta, and Twitter. Daniel Cobb, CEO and Chief Strategy Officer of Daniel Brian Advertising, joined Cheddar to discuss the reason behind this warning, and why it's bringing so many social media stocks down.
