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Meta's done with fact-checking — and its CMO says Trump and changing 'vibes in America' are major reasons why
Business Insider· 2025-01-08 01:11
Meta's Policy Shift - Meta announced it will stop using third-party fact-checkers and instead adopt a user-generated community notes feature, similar to Elon Musk's X (formerly Twitter) [2][4] - The decision was influenced by the incoming Trump administration and a perceived shift in American attitudes toward censorship, free speech, and content moderation [1][3][4] - Meta CEO Mark Zuckerberg stated the move aims to address concerns about biased employees overly censoring content [3] Content Moderation and Political Climate - Meta is relocating some content moderation teams from California to Texas, citing political alignment differences between the states [3] - The company acknowledged past complaints of bias, particularly from Republicans, regarding content moderation and the banning of former President Donald Trump [5][6] - Meta's CMO Alex Schultz noted that community notes on X have been more successful in engaging contributors across the political spectrum [6] Advertiser Relations and Brand Safety - Meta plans to maintain brand safety tools for advertisers, focusing on hate speech and adult nudity rather than fact-checked content [8] - The company emphasized a commitment to precision in content moderation, avoiding unnecessary removals [8] - Meta's approach to advertiser relations will differ from X, with no plans to denigrate or sue advertisers [7] Leadership and Strategic Direction - Zuckerberg is described as returning to his core values, taking advantage of the current moment to align Meta's policies with his vision [4][5] - Schultz highlighted that the changes reflect a response to broader societal shifts and the company's adaptability to different administrations [2][3][4]
Delta to link its loyalty program to Uber, ending partnership with Lyft
CNBC· 2025-01-08 01:10
Partnership Announcement - Delta Air Lines will link its SkyMiles loyalty program to Uber, ending its eight-year partnership with Lyft [1] - The new partnership will allow Delta SkyMiles members to earn miles on Uber rides and Uber Eats orders [2] Mileage Earning Details - Delta SkyMiles members can earn 1 mile per dollar spent on UberX airport rides [2] - Members can earn 2 miles per dollar on premium rides like Uber Comfort and Uber Black [2] - Uber Reserve trips will earn 3 miles per dollar [2] - Uber Eats orders over $40 will earn 1 mile per dollar [2] Industry Context - Delta and other airlines have expanded partnerships for earning and using frequent flyer miles, generating billions of dollars for carriers [3] - Delta's other loyalty program partners include Starbucks, Hertz, and Ticketmaster [3] Transition Details - Customers with linked Lyft accounts can earn miles through April 7 [4] - Delta and Lyft will communicate directly with customers about the transition [4] - The partnership with Lyft has benefited loyal customers who have collectively earned billions of miles [4]
Coca-Cola Vs Pepsi Stock: Which is the Better Buy for 2025?
ZACKS· 2025-01-08 01:01
Historically, Coca-Cola (KO)  and PepsiCo (PEP)  have been popular stocks among hedge funds and institutional investors.Speaking to the credibility of Coca-Cola and Pepsi stock, both are owned by renowned institutional investors such as Vanguard Group and BlackRock (BLK) . That said, let’s see which of these iconic beverage makers may be the better investment as we begin 2025. Low Beta Ratios Thanks to their stability during economic downturns, Coca-Cola and Pepsi stock are often sought out for defensive sa ...
Apple Under Fire for Fake AI-Generated News Summaries
PYMNTS.com· 2025-01-08 00:54
Apple is facing mounting criticism over its artificial intelligence (AI)-driven news summary feature that has produced inaccurate and misleading headlines on its latest iPhones.The BBC first flagged the issue in December, when a news alert summary that looked to come from the BBC app wrongly reported that Luigi Mangione, charged with alleged killing of UnitedHealthcare’s CEO, had shot himself.But the BBC said Apple did not respond until Jan. 6, saying that it was working to clarify that summaries came from ...
Halliburton (HAL) Ascends While Market Falls: Some Facts to Note
ZACKS· 2025-01-08 00:36
Halliburton (HAL) ended the recent trading session at $27.75, demonstrating a +0.33% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 1.11%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq lost 1.89%.Shares of the provider of drilling services to oil and gas operators witnessed a loss of 4.88% over the previous month, beating the performance of the Oils-Energy sector with its loss of 11.62% and underperforming the S&P 500's loss of 1.7%.Analysts and inv ...
Medpace (MEDP) Ascends While Market Falls: Some Facts to Note
ZACKS· 2025-01-08 00:36
The latest trading session saw Medpace (MEDP) ending at $346.81, denoting a +1.39% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 1.11%. On the other hand, the Dow registered a loss of 0.42%, and the technology-centric Nasdaq decreased by 1.89%.The provider of outsourced clinical development services's stock has dropped by 2.88% in the past month, exceeding the Medical sector's loss of 6.22% and lagging the S&P 500's loss of 1.7%.Market participants will be closely foll ...
Why the Market Dipped But Onto Innovation (ONTO) Gained Today
ZACKS· 2025-01-08 00:36
Onto Innovation (ONTO) closed the latest trading day at $193.56, indicating a +0.61% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 1.11%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, lost 1.89%.Prior to today's trading, shares of the maker of semiconductor manufacturing equipment had gained 13.85% over the past month. This has outpaced the Computer and Technology sector's gain of 1.83% and the S&P 500's loss of 1.7% in that time.Ma ...
Why the Market Dipped But Pacific Biosciences of California (PACB) Gained Today
ZACKS· 2025-01-08 00:36
Pacific Biosciences of California (PACB) closed at $2 in the latest trading session, marking a +0.5% move from the prior day. The stock's change was more than the S&P 500's daily loss of 1.11%. On the other hand, the Dow registered a loss of 0.42%, and the technology-centric Nasdaq decreased by 1.89%.Heading into today, shares of the maker of genetic analysis technology had lost 8.72% over the past month, lagging the Medical sector's loss of 6.22% and the S&P 500's loss of 1.7% in that time.The investment c ...
APA (APA) Flat As Market Sinks: What You Should Know
ZACKS· 2025-01-08 00:36
APA (APA) closed the latest trading day at $23.66, indicating no change from the previous session's end. This change was narrower than the S&P 500's 1.11% loss on the day. Elsewhere, the Dow saw a downswing of 0.42%, while the tech-heavy Nasdaq depreciated by 1.89%.Heading into today, shares of the oil and natural gas producer had gained 6.34% over the past month, outpacing the Oils-Energy sector's loss of 11.62% and the S&P 500's loss of 1.7% in that time.The upcoming earnings release of APA will be of gre ...
Microsoft is planning job cuts and focusing more on underperforming employees
Business Insider· 2025-01-08 00:27
Job Cuts and Performance Management - Microsoft is planning job cuts targeting underperforming employees as part of a broader performance management strategy [1][3] - The company is taking a harder look at underperforming employees and has been evaluating performance up to level 80, one of its highest levels [2] - The cuts are happening across the company, including in its important Security division [2][3] Employee Backfilling and Headcount - Microsoft often backfills roles when employees leave for performance reasons, which may result in little change to the company's overall headcount [1][3] - As of the end of June, Microsoft had approximately 228,000 full-time employees [1] Company Culture and Talent Focus - Microsoft emphasizes high-performance talent and focuses on helping employees learn and grow [1] - The company takes appropriate action when employees are not performing, aligning with its performance management stance [1][2]