Reddit needs to stop pretending racism is valuable debate | The Verge

Reddit’s executives are still walking a thin, shaky tightrope as they update the site’s content policy. Today, CEO and co-founder Steve Huffman posted a small update on Reddit’s new moderator tools and rules for policing the site’s worst communities — which could spell one of the biggest shifts in the site’s history. He stayed to chat about what…

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Fed Says Labor Market Improves as It Moves Toward Rate Increase – Bloomberg Business

Federal Reserve policy makers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff. “The labor market continued to improve, with solid job gains and declining unemployment,” the Federal Open Market Committee said in a statement…

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Twitter says ‘just trust us,’ stock plummets over 13% | VentureBeat | Social | by Harrison Weber

Yesterday Twitter beat financial expectations across the board. Today the company’s stock price collapsed near all-time lows. At first look the slip is surprising, if only because Twitter’s stock initially jumped 5 percent yesterday after the release of its Q2 report. Maybe you saw our story on that pop, and checked back an hour later confused as all hell. A number…

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