The Week in Tech: Facebook News Bias Reports, LendingClub

The video discusses Facebook's recent PR challenges, focusing on allegations of conservative bias in its news feed. It explores Facebook's evolution from a social platform to a major news source and the implications of perceived bias. The video also covers Facebook's response to these allegations, including statements from Mark Zuckerberg and calls for investigation. Additionally, it examines the internal control issues at Lending Club, questioning the trustworthiness of the peer-to-peer lending industry.

What is the main concern about Facebook's role as a news source?

• It charges users for news content.

• It limits the number of news articles users can read.

• It has a potential bias in presenting news.

• It only allows news from verified sources.

How did Facebook initially respond to the allegations of bias?

• By admitting to a technical error in their algorithms.

• By denying any human involvement in content curation.

• By immediately firing the responsible employees.

• By shutting down the trending news module.

What was a significant action taken by Mark Zuckerberg in response to the bias controversy?

• He apologized and resigned as CEO.

• He banned all political content on Facebook.

• He personally got involved in the investigation.

• He decided to sell Facebook.

What led to the resignation of Lending Club's CEO?

• A successful IPO.

• Internal control lapses and loan sale abuses.

• A merger with a larger bank.

• A new government regulation.

What is a major concern for the peer-to-peer lending industry following Lending Club's issues?

• The limited number of borrowers.

• The lack of technological innovation.

• The high interest rates offered.

• The trustworthiness of the platforms.