Facebook is pulling the plug on its “trending” news section, saying it is working with publishers to test out other ways to display breaking news, including a new dedicated section or a breaking news label. The trending feature, launched in 2014, had highlighted popular news topics on Facebook, but had received significant criticism because it often surfaced so-called “fake news” topics. That’s a...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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