It's more bad news for Facebook today. A poll by Reuters/Ipsos found that most of its users are not swayed by its advertisements.
Four out of five users surveyed said they had never bought a product based on advertising they saw on the network. What's more, the online poll revealed that "34 percent of Facebook users surveyed were spending less time on the website than six months ago, whereas only 20 percent were spending more."
Nobel Prize-winning economist Joseph Stiglitz grew up in Gary, Ind. — a city that has weathered many economic storms over the past half-century.
Stiglitz went on to study at Amherst College and MIT, where he received a Ph.D. in economics. He later served on and chaired President Clinton's Council of Economic Advisers and became the chief economist at the World Bank. But even as a child, Stiglitz says, he noticed ways in which the markets weren't working.
NPR's business news starts with Disney delving into nutrition.
Today, Disney comes out with nutritional standards for food advertised across its platforms. The company has taken flack for contributing to the obesity epidemic by airing ads for junk food that targets kids.
This move marks a dramatic change, but the company's chairman told The New York Times, quote, "this is not altruistic; this is about smart business." Transcript provided by NPR, Copyright National Public Radio.