Exclusive: U.S. agency probes Facebook for ‘systemic’ racial bias in hiring, promotions

© Reuters. FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration By Paresh Dave (Reuters) – A U.S. agency investigating Facebook Inc (NASDAQ:) for racial bias in hiring and promotions has designated the probe as “systemic,” attorneys for three job applicants and a manager who claim the company discriminated […]

Continue Reading

Facebook blocks news content in Australia as it blasts proposed law

© Reuters. FILE PHOTO: Illustration shows a 3D-printed Facebook logo in front of a stock chart By Sheila Dang (Reuters) – Facebook Inc (NASDAQ:) will block news content from being read and shared in its news feed in Australia, drawing a line in the sand against a proposed Australian law that would require it and […]

Continue Reading

Australia to make Facebook, Google pay news outlets for content

2/2 © Reuters. FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration 2/2 By Byron Kaye SYDNEY (Reuters) – Australia finalised plans on Tuesday to make Facebook Inc (NASDAQ:) and Google (NASDAQ:) pay its media outlets for news content, a world-first move aimed at protecting independent journalism that has […]

Continue Reading

UK plans to drop ‘Facebook tax’, Mail on Sunday says

© Reuters. FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration LONDON (Reuters) – British finance minister Rishi Sunak plans to drop a tax on technology companies such as Facebook (O:) and Google (O:) because it does not raise much money and could hurt a push for a U.S. […]

Continue Reading

Major indices close higher and at session highs. NASDAQ leads the way with Apple, Facebook, Amazon outperforming

Dow, S&P, NASDAQ close higher for the 4th consecutive month the month of July is over and all the major indices closed higher for the 4th consecutive month. The S&P index had its second-best July performance since 2010. Apple, Amazon, Facebook all of the way after their earnings release last night. Apple rose up 10.47%. […]

Continue Reading

‘Weaponized’ Facebook fails to protect civil rights, audit says

2/2 © Reuters. FILE PHOTO: Facebook logos 2/2 By Supantha Mukherjee and Elizabeth Culliford (Reuters) – Facebook Inc (O:) has not done enough to protect users from discrimination, falsehoods and incitement to violence, an external civil rights audit found on Wednesday, adding to pressure on the company in the midst of an advertiser boycott. The […]

Continue Reading

Early Facebook staffers denounce Zuckerberg stance on Trump posts

© Reuters. Facebook CEO Zuckerberg testifies before House Energy and Commerce Committee hearing on Capitol Hill in Washington By Katie Paul SAN FRANCISCO (Reuters) – Nearly three dozen former employees from Facebook (NASDAQ:)’s early days on Wednesday blasted Chief Executive Mark Zuckerberg’s decision not to act against incendiary posts by U.S. President Donald Trump as […]

Continue Reading

Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook

4/4 © Reuters. The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto 2/4 By Saeed Azhar and Kanishka Singh DUBAI/BENGALURU (Reuters) – Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing (N:), Facebook (O:) and Citigroup (N:), a regulatory filing showed, giving it […]

Continue Reading

Facebook sees ‘signs of stability’ in ad spending after coronavirus drop

© Reuters. FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration By Katie Paul and Munsif Vengattil (Reuters) – Facebook Inc (O:) beat analysts’ estimates for quarterly revenue on Wednesday and said it has seen “signs of stability” for sales in April after a plunge in March, in yet […]

Continue Reading

Stock futures point to slight gains at open; Facebook up

© Reuters. Traders work on the floor of the NYSE in New York By Sruthi Shankar (Reuters) – U.S. stock index futures were up marginally on Wednesday, following a sharp selloff in technology stocks in the previous session on concerns about increased regulations in the wake of Facebook’s data privacy issue. Facebook’s shares rose 1.7 […]

Continue Reading