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Tuesday, June 2, 2020
Facebook’s essential partners on its cryptocurrency Libra are declining to openly support it (FB)

Facebook’s essential partners on its cryptocurrency Libra are declining to openly...

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In the face of intense regulatory pushback, the overwhelming majority of Facebook's partners on its Libra cryptocurrency project are refusing to publicly reaffirm their support for the effort. In June 2019, Facebook announced Libra — a plan for a new digital currency that would help enable online purchases and money transfers, and would be led…
Facebook’s humbling handle the FTC is the most significant attack on Mark Zuckerberg’s power in the company’s history (FB)

Facebook’s humbling handle the FTC is the most significant attack on...

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Mark Zuckerberg may not have been deposed as part of his humbling settlement with the Federal Trade Commission, but never has his dominance been damaged so dramatically. The company he founded and built was stung with a $5 billion penalty, but it's the concessions he will have to make that may well give Zuckerberg more…
Why Facebook’s stock leapt in spite of dealing with a record-breaking $5 billion FTC charge: ‘A slap on the wrist’ (FB)

Why Facebook’s stock leapt in spite of dealing with a record-breaking...

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The Federal Trade Commission is gearing up to hit Facebook with a staggering, record-breaking $5 billion penalty. Wall Street is viewing this as a good thing. And the reason why speaks volumes about the sheer scale and power of Facebook today. Some background: For the last year, the FTC has been investigating Facebook's various privacy…
Facebook’s Carolyn Everson states that marketers need to concentrate on its enormous reach rather of directly targeting customers

Facebook’s Carolyn Everson states that marketers need to concentrate on its...

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As Facebook shifts towards becoming a more privacy-friendly social network, head advertising exec Carolyn Everson has a message for advertisers: Apply less targeting to your campaigns. In an interview at the Cannes Lions International Festival of Creativity on Monday, Everson — who is VP of global marketing solutions for Facebook — talked about Facebook's recent…
Facebook’s effort to stop suicides by monitoring your posts exposes an uneasy space in between tech giants and health care specialists

Facebook’s effort to stop suicides by monitoring your posts exposes an...

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Facebook knew there was a problem when a string of people used the platform to publicly broadcast their suicides in real time. Staff at the company had been thinking about the issue of suicide since 2009, when a cluster of them occurred at two high schools near the company's headquarters in Palo Alto. Then, things…
The expense of keeping Mark Zuckerberg safe soared to a huge $20 million after Facebook’s year from hell

The expense of keeping Mark Zuckerberg safe soared to a huge...

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The cost of keeping Mark Zuckerberg safe got a whole lot more expensive after Facebook's year from hell. In a Securities and Exchange Commission filing on Friday, the social network revealed its CEO's total compensation package for the 12 months ended 31 December 2018. Despite only drawing a salary of $1, Zuckerberg's pay more than…
Given: The slide deck Dedicated utilized to raise $300 million, activists pressure Allergan, and Facebook’s blood contribution tools

Given: The slide deck Dedicated utilized to raise $300 million, activists...

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And it seems like the pressure's still on at Allergan, with activist investor David Tepper going after Botox-maker Allergan again this week, calling for the company to split the roles of chairman and CEO. Right now, Brent Saunders serves in both positions. Tepper wrote that separating the roles would be the "first step" to turning…

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