Facebook ramping up ads with sponsored content
Today we discuss CEO pay, Facebook's ads and millennials in debt
Stocks (^DJI, ^GSPC, ^IXIC, ^RUT) are trying to end the week on a positive note, taking a cue from crude oil (CLK16.NYM), which is up nearly 7%. Keith Bliss of Cuttone & Co. joins us live from the floor of the New York Stock Exchange to discuss the markets.
Joining Yahoo Finance's Alexis Christoforous to discuss some of the other big stories of the day are Yahoo Finance's Nicole Sinclair and David Nelson, Chief Strategist at Belpointe Asset Management.
CEO compensation shrank most since financial crisis
It pays to be the boss … but not as much recently. According to the Wall Street Journal, CEO compensation at the biggest U.S. companies dropped more last year than any year since the 2008 financial crisis. Median pay for chief executives of nearly 300 large publicly-traded companies slipped 3.8% last year, from $11.2 million to $10.8 million.
Facebook ramping up ads with sponsored content
Mobile users spend 30 minutes a day on Facebook, and nobody else is even close. This is according to data from Statista, which finds the next biggest platform is Snapchat, garnering only 8 minutes of use a day. With usage so high, Facebook is looking to capitalize by allowing publishers to post sponsored content—a reversal of policy for Facebook.
Millennials in debt but don't care
A new study from Citizens Bank finds that fewer than half in the 18-35 age group would limit stuff like Seamless orders in return for reducing student loans. Priorities for millennials include concerts and travel ahead of debt reduction. Is this group in denial over its financial condition?
