Trending Stocks: Facebook, Activision Blizzard, Johnson & Johnson and More

Page 2 of 2

Mobileye NV Gets Two Agreements for Autonomous Cars

Mobileye NV (NYSE:MBLY)’s CEO says that the company has struck agreements with two car makers to provide them systems for making completely autonomous cars by 2019.  The timeline shows that the companies are working on autonomous cars with a clear goal and end date in mind.  In an interview with the Wall Street Journal, Amnon Shashua, CEO of the Israel-based application software developer, said that the deals will make 2019 an “inflection point” for the automotive industry. Mr. Shashua didn’t provide the names of the carmakers involved in the latest deals, but said that Volkswagen AG, BMW AG and General Motors Co. are among the companies that will buy systems that will allow cars to drive autonomously only on highways.

Facebook Releases Internal Editorial Guidelines After Political Bias Accusations

Facebook Inc (NASDAQ:FB) has been in hot water after the company was accused of bias while vetting the content for its “Trending Topics” section. The scandal started when former Facebook employees claimed that the company tinkers with the trending news section to suppress the news about right-wing, conservative political groups and personalities.  On Thursday evening, Facebook’s CEO Mark Zuckerberg announced that he plans to invite leading conservative political leaders to discuss the recent allegations of political bias. The company also released a 28-page document showing its internal editorial guidelines and details of how editors and computer algorithms pick stories for trending news section. As of the end of March, John Armitage’s Egerton Capital Limited owns more than 5.8 million shares of Facebook Inc (NASDAQ:FB). Overall, at the end of the last year, 146 funds from our database held around $10 billion worth of the company’s stock, up from 128 investors a quarter earlier.

Follow Meta Platforms Inc. (NASDAQ:META)

Disclosure: None

Page 2 of 2