The markets traded lower during the midday with the Dow losing 13 points to 20,936. Nasdaq fell 29 points to 6,066.
After recent videos that involved violence were posted or livestreamed on Facebook, the social network announced plans to hire an additional 3,000 people to review video postings. A father in Thailand live streamed himself killing his 11-month old daughter and a man in Cleveland live streamed the murder of a senior citizen. Facebook currently has 4,500 employees who respond to reports of inappropriate videos.
A federal court judge will decide today whether Uber must halt all work to develop autonomous vehicles until a trial decides the future Uber's self driving car project. Google parent Alphabet had sued Uber claiming that Uber stole trade secrets from Alphabet's Waymo driverless car unit. Uber has since demoted engineer Anthony Levandowski who formerly worked at Waymo and has been accused of stealing thousands of confidential files from Waymo.
Streaming service Hulu will now offer live streaming of television networks. For $39.99 per month, users can access live content from ABC, CBS, Fox, NBC as well as 50 additional channels. The network livestreams are available now in major city markets such as Los Angeles, New York, San Francisco and will slowly roll out in other area.
The broader S&P 500 index lost 5 points to 2,385. Bitcoin climbed $19 to $1427.
