Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
U.K. online bank Monzo raised $144 million in a fresh round of funding led by the U.S. start-up accelerator Y Combinator.Technologyread more
Mark Zuckerberg says he doesn't want to censor the news on Facebook because users are best-positioned to judge the credibility of content.
"What we try to do is get our community to tell us what matters to them. ... People are smart. They know what they want and what's good. And they can tell us that if we can ask them in a simple enough way and get aggregate data."
Zuckerberg has made cleaning up the site he co-founded in 2004 his personal mission for 2018 in the wake of its use by purveyors of propaganda, misinformation and click-bait scams.
On a conference call with Wall Street analysts to discuss the company's fourth-quarter earnings, the CEO gave the most detailed account yet of why the company has resisted the wholesale editing or banning of sites that spread fake stories designed to stoke anger, hate and division among Americans.
This is what Facebook does instead, according to Zuckerberg:
"We basically ask people — we don't want to assess by ourselves which sources are trustworthy. I think that's not a situation that or a position that we're comfortable with ourselves. I don't think personally that that's something that our community or our society wants us to do.
Zuckerberg also revealed that the two-question survey Facebook designed to help it judge the veracity of news is not the first time it's surveyed readers to rank content.
"The way that we've done this for years is we've had a panel, a survey, of thousands of people who basically we asked, 'what's the most meaningful content they had seen?' on Facebook," he said. "And we design our systems to be able to get to that ground truth of what people, real people are telling us is that high-quality experience."
In reply to a question on the call, he also telegraphed what type of content he thinks will do well as the company starts to favor content that promotes interactions between users, rather than aggregate views of posts and videos:
"The example I gave before of The Wall Street Journal or New York Times. You know, a lot of people read those, a lot of people don't. But people who don't still think that they're high-quality journalism, in general, and that's not true for a lot of the other stuff that's out there. And we found that that's a reliable signal of content that helps to build common ground that is unlikely to be polarizing, that is unlikely to be false news."