Facebook 2Q Sales Top Estimates, Shares Surge

Jul.30 — Facebook Inc.’s second-quarter sales topped analysts’ highest estimates, rebounding from a pandemic-fueled disruption to digital advertising earlier in the year. The social media company’s shares surged in late trading. Revenue was up 11% and the social network had 2.7 billion monthly active users. David Kirkpatrick, Techonomy founder, appears on “What’d You Miss?”

‘We face intense competition’ -Facebook CEO

In his opening remarks during a much-anticipated congressional hearing featuring the CEOs of four of America’s largest tech firms, Facebook Inc’s Mark Zuckerberg on Wednesday defended his company against allegations by critics that the social network has hurt competitors with their business practices. Appearing via videoconference before the House Judiciary Committee’s antitrust panel, Zuckerberg said … Read more ‘We face intense competition’ -Facebook CEO

Jeff Bezos Adds Record $13 Billion in Single Day to Fortune

Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com Inc. shares surged 7.9%, the most since December 2018 on rising optimism about web shopping trends, and are now up 73% this year. Amazon.com Inc. CEO Jeff … Read more Jeff Bezos Adds Record $13 Billion in Single Day to Fortune

Amazon’s Jeff Bezos Adds Record $13 Billion in Single Day to His Fortune

Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com Inc. shares surged 7.9%, the most since December 2018 on rising optimism about web shopping trends, and are now up 73% this year. Bezos, Amazon’s 56-year-old founder … Read more Amazon’s Jeff Bezos Adds Record $13 Billion in Single Day to His Fortune

Privacy advocate wins new battle against Facebook

The EU’s top court on Thursday (July 16) ruled in his favor of privacy campaigner Max Schremand and threw out a system used by the social network, and thousands of other companies, to send data to the U.S. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. … Read more Privacy advocate wins new battle against Facebook

The D&I Chief Who Reports Directly to Zuckerberg and Sandberg

Jul.16 — Facebook Inc. hasn’t been able to increase black representation in technical roles by a single percentage point since starting to report diversity numbers in 2014. Facebook’s Chief Diversity Officer Maxine Williams discusses the social network’s struggle to recruit & retain black employees with Bloomberg’s Emily Chang.

Independent auditors accuse Facebook of allowing hate speech in scathing report

An independent audit demanded by Facebook itself accused the social network of failing to tackle hate speech, fake news, and civil rights. Auditors, who included the Anti-Defamation League, denounced it for putting free speech above all else. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Visit … Read more Independent auditors accuse Facebook of allowing hate speech in scathing report

Facebook Removes Trump Ads for Violating Hate Policy

Jun.18 — Facebook Inc. has removed a series of ads shared by President Donald Trump’s campaign for violating the company’s policy against “organized hate.” Brandi Collins-Dexter, senior campaign director at civil rights group Color of Change, explains why she thinks the social network hasn’t done enough. She speaks on “Bloomberg Technology.”

Facebook Is Clearly Lined Up on Team Trump, Says Roger McNamee

Jun.12 — Roger McNamee, co-founder at Elevation Partners, discusses the relationship he sees between Facebook Inc. Chief Executive Officer Mark Zuckerberg and U.S. President Donald Trump. The head of the social network decided to leave up posts shared by Trump that many felt violated the company’s policies against violent rhetoric. McNamee speaks on “Bloomberg Technology.”

Facebook Workers Criticize CEO’s Inaction Over Trump

Jun.02 — Facebook Inc. employees became increasingly bold in expressing their dismay at Chief Executive Officer Mark Zuckerberg’s decision not to take action on incendiary comments posted to the social network by President Donald Trump. Meanwhile, Apple Inc. CEO Tim Cook discussed discrimination and inequality in the U.S. in an internal memo to employees. Kurt Wagner reports on “Bloomberg Daybreak: Australia.”

Twitter adds fact checks to two of Donald Trump’s tweets

Twitter labelled two Donald Trump tweets “unsubstantiated” and accused him of making false claims on May 26, a first for the social network which has long resisted calls to censure the US president over truth-defying posts.The move drew a furious response from Trump, who used the platform to accuse Twitter of “interfering in the 2020 … Read more Twitter adds fact checks to two of Donald Trump’s tweets

Twitter tags Trump tweet with fact check warning, US president furious

Twitter labelled two Donald Trump tweets “unsubstantiated” and accused him of making false claims Tuesday, a first for the social network which has long resisted calls to censure the US president over truth-defying posts. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Visit our website: http://www.france24.com … Read more Twitter tags Trump tweet with fact check warning, US president furious

The Oscars 2011: List of Winners

Here are the winners of this year’s Oscars – The King’s Speech cleaned up once more after clearing out the BAFTAs. Blockbusters The Social Network and Inception also picked up awards: Best Picture – The King’s Speech – Iain Canning, Emile Sherman and Gareth Unwin Actor in a leading role – Colin Firth – The … Read more The Oscars 2011: List of Winners

Pakistan: YouTube & Parts of Wikipedia Now Blocked

After yesterday’s decision to block the entire Facebook website in Pakistan, which came in the Lahore High Court following the social network featuring images of the prophet Muhammad, reports are circulating that users in Pakistan are unable to access YouTube and parts of the Wikipedia website. Some reports suggested on the morning of 20th May … Read more Pakistan: YouTube & Parts of Wikipedia Now Blocked