Facebook reports earnings after the bell on Wednesday and all eyes are on its changes to the News Feed. Jeff Tomasulo, CEO at Vespula Capital and Jason Moser, Analyst at The Motley Fool join The Long and The Short to discuss.
The billion dollar question is whether or not the new News Feed will impact ad dollars. Facebook CEO Mark Zuckerberg admitted that because of changes to the News Feed he expects the time people spend on Facebook and some measurements of engagement to go down. Tomasulo says the stock is up 34% in the last 12 months, yet you have CEO who's looking to change the company's main revenue stream. It worries investors and they are going to be looking for guidance this upcoming earnings report.
Plus, what is the fate of WhatsApp and Messenger? Facebook spent a lot of money on the acquisition of WhatsApp and investors are wondering where the product stands. Moser says Facebook is trying to pivot away from the spotlight of "fake news" and more toward the reason people use its platforms: to connect.
Spirit Airlines canceled about 100 flights on Friday after pulling some planes out of service for inspections, and the airline expects the disruptions to last several days.
CVS Health is pulling from its shelves some cough-and-cold treatments that contain an ingredient that has been deemed ineffective by doctors and researchers.
It's almost that time of year - it's open enrollment season. Nate Black, vice president of health solutions product development with Voya Financial, joined Cheddar News to explain the critical decision-making needed when choosing the best coverage for you and your family.
Elon Musk announced two new subscription tiers for people who want the premium experience. This, as some users in some countries may have to pay a very small fee to access the platform for more. Cheddar News' senior reporter Michelle Castillo explains.
