Monday’s Headlines: Big Tech Is Taking A Stand Again Coronavirus Misinformation
1. The World Health Organization hosted a meeting at Facebook last Thursday with some of the world’s largest tech companies, including Amazon, Google, and Twitter, to discuss how to clamp down on misinformation about the coronavirus. At the meeting, WHO shared information with the group about its response to the coronavirus and attendees detailed their own ideas to address the outbreak. The companies agreed by the end of the day of meetings to work on collaborative tools, better content and a call center where people can ask questions or get advice. Read more here.
2. Numerous high-profile Twitter accounts — including those of the International Olympic Committee and F.C. Barcelona — were subject to hacks over the weekend, forcing the company to temporarily lock their accounts. This follows a string of attacks in the past month, which included the Twitter accounts of Facebook officials and several NFL teams. “As soon as we were made aware of the issue, we locked the compromised accounts and are working closely with our partners to restore them,” a Twitter spokesperson said. Read more here.
3. Three more MyWallSt stocks reported earnings at the end of last week:
Cloud-networking provider Arista Networks fell nearly 6% on Friday after it reported net income of $260.7 million, or $3.25 a share, declining 16% year over year. The company’s stock is down more than 7% in the past 12 months as it struggles with increased competition. Read the full report here.
Accounting software-maker BlackLine saw its stock jump following an earnings report on Thursday that saw revenue grow 29% to $80.3 million. The company’s focus on customer satisfaction and a multi-year strategy has paid off recently with strong growth, which made it MyWallSt’s November Stock of the Month. Read the full report here.
Pet insurance provider Trupanion beat on earnings Thursday with a total revenue increase of 26% to $383.9 million for the year. However, insider selling from CEO Darryl Rawlings as well as a miss in subscriber growth was hard to overlook for investors. Read the full report here.