Cheddar morning business update 8/10: Facebook launches original video series

Posted: Updated:
  • Concern about North Korea is putting the brakes on Wall Street's long winning streak. Today investors are waiting on Snapchat parent Snap to report its earnings. Snap was once a wall street darling but investors have been losing faith as Facebook and Instagram keep rolling out similar features. 
  • The social media giant is launching Facebook Watch, a new service that lets users watch original video series. The content is produced exclusively by partners like A&E, NASA, PopSugar and Cheddar. Partners will earn 55% of ad revenue while Facebook keeps 45%. The “Watch” tab, a small TV, will start rolling out in the U.S. this week. 
  • Europe could soon face a shortage of butter. A major rise in global demand has caused wholesale prices nearly to double in the past year. CNN Money reports one industry group in France describes it as a “major crisis,” warning of a sharp increase in the price of croissants, tarts and brioches.
  • BusinessMore>>

  • San Francisco to consider tax on companies to help homeless

    San Francisco to consider tax on companies to help homeless

    Monday, July 16 2018 9:59 PM EDT2018-07-17 01:59:16 GMT
    Monday, July 16 2018 11:42 PM EDT2018-07-17 03:42:41 GMT
    (AP Photo/Eric Risberg, File). FILE - In this Feb. 23, 2016 file photo, a man stands outside his tent on Division Street in San Francisco. San Francisco voters will decide in November 2018 whether to tax large businesses to pay for homeless and housing...(AP Photo/Eric Risberg, File). FILE - In this Feb. 23, 2016 file photo, a man stands outside his tent on Division Street in San Francisco. San Francisco voters will decide in November 2018 whether to tax large businesses to pay for homeless and housing...
    San Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services in a city struggling with income inequality.
    San Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services in a city struggling with income inequality.
  • Elon Musk's social media conduct may be bad for his business

    Elon Musk's social media conduct may be bad for his business

    Monday, July 16 2018 5:16 PM EDT2018-07-16 21:16:16 GMT
    Monday, July 16 2018 11:42 PM EDT2018-07-17 03:42:29 GMT
    (AP Photo/Kiichiro Sato, File). FILE - In a Thursday, June 14, 2018 file photo, Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference, in Chicago. Whether it’s investors betting against his stock, reporters or analysts who a...(AP Photo/Kiichiro Sato, File). FILE - In a Thursday, June 14, 2018 file photo, Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference, in Chicago. Whether it’s investors betting against his stock, reporters or analysts who a...
    Elon Musk's social media conduct may be bad for business, could land him in court facing defamation lawsuit.
    Elon Musk's social media conduct may be bad for business, could land him in court facing defamation lawsuit.
  • Amazon's Prime Day runs into early snags

    Amazon's Prime Day runs into early snags

    Monday, July 16 2018 3:25 AM EDT2018-07-16 07:25:19 GMT
    Monday, July 16 2018 11:42 PM EDT2018-07-17 03:42:24 GMT
    (AP Photo/Patrick Semansky, File). FILE- In this Aug. 3, 2017, file photo, packages ride on a conveyor system at an Amazon fulfillment center in Baltimore. Amazon's Prime Day starts July 16, 2018, and will be six hours longer than last year's and will ...(AP Photo/Patrick Semansky, File). FILE- In this Aug. 3, 2017, file photo, packages ride on a conveyor system at an Amazon fulfillment center in Baltimore. Amazon's Prime Day starts July 16, 2018, and will be six hours longer than last year's and will ...
    Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods.
    Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods.
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