Why Airbnb's Director of Engineering Left to Build a New Start-Up
Ian Logan was one of the first employees at Airbnb, eventually becoming the company's Director of Engineering. Now, he's taking the lessons he learned there to build a new start-up called Drop.
Drop is an app that rewards users with money to spend at their favorite retailers. Logan says it operates as a platform that connects partners and customers.
Drop just announced a $21 million Series A round of funding. Logan says he plans to use some of that money to triple the company's engineering staff this year.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
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