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.
The new Pixel 8 smartphone released this week by Google includes an AI photo editing software that will allow users to change the expression of a person in pictures.
If you have some older comic books stashed away in your attic, basement or closet, make sure to check their condition as they could be traded for serious cash. Cheddar News' Michelle Castillo at New Yor Comic Con spoke with Chris D'Lando, event manager with NYCC for Reedpop; Andy Mourat, co-founder and president of MetaZoo; and Julian Montoya, senior vice president of The Noble Collection, to get their thoughts.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to explain how investors are bracing for interest rate hikes after last week's inflation report and ahead of the Fed's upcoming meeting. Wellenbach also discussed how traders are taking advantage of volatility as earnings season continues and amid geopolitical conflicts.
One of the most difficult parts of a job search is writing resumes. Cheddar News' docuseries Ready 4 Work explores the pitfalls of that and helps job seekers stand out from all those other applicants.
