E*TRADE Generation Trader: Preview of Facebook Earnings
Cheddar's "Generation Trader" series highlights the most compelling business stories that are moving the market, while utilizing E*TRADE's innovative trading platform. In this episode, Anchors Hope King and Baker Machado preview what to expect for Facebook earnings this week.
The company has faced scrutiny over Russian groups using its platform to meddle with the 2016 elections. In a written statement to the Senate Intelligence Committee just las week, Facebook said events from one Russia-linked troll group reached 300,000 Facebook users.
Earlier this month, Facebook announced changes to its algorithm of its newsfeed to prioritize posts from friends, and family over media publishers. This sent shares down on January 12. Facebook stock has recently rebounded, and is up about 10 percent over the past six months.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
