The New York City Taxi and Limousine commission is making its latest attempt to legislate a minimum wage for ride-hailing app drivers, reports the New York Times.
Between the lines: New York is one of many cities considering regulations to better the lives of ride hailing drivers after an MIT study determined that Uber and Lyft drivers are making a profit of $3.37 per hour. Drivers fear they aren't making enough to support themselves.
Facebook CEO Mark Zuckerberg surpassed Warren Buffett to become the world's third-wealthiest person, Bloomberg reports.
The big picture: This marks the first time that the top three richest people in the world — Zuckerberg, Amazon's Jeff Bezos, and Microsoft's Bill Gates — made their fortunes from technology. Zuckerberg is worth $81.6 billion, per Bloomberg. Buffett is reportedly falling in the ranks "thanks to his charitable giving."
Following the backlash of fake news and Russia's manipulation of social media during the 2016 presidential election, Twitter has been suspending more than 1 million accounts per day in recent months in an effort to combat the spread of false information, the Washington Post reports.
The big picture: The rate of suspension has doubled since October — around the time that Twitter first testified on the Hill along with representatives from Facebook and Google. More than 70 million accounts were suspended in May and June.
As local news organizations shrink and misinformation can spread quickly on social media, local governments are turning to technology to fill the information gap and restore trust.
The big picture: State and local governments enjoy more trust than the federal government, but citizens are still skeptical of decisions made by local leaders. While some local officials are trying to release more data to the public, there's still a need for a disinterested party to ensure the story presented by the government is complete and accurate.
