By Matt Egan, CNN Business Venture capitalist Roger McNamee says Corporate America shares blame for the troubles that exist today at Facebook. “What they are doing is willfully turning a blind eye to catastrophic problems that would not exist if they were not willing to advertise on these platforms,” McNamee, an early investor in Facebook,
Continue Reading By Sara Ashley O’Brien, CNN Business The high-profile trial of Theranos founder Elizabeth Holmes was delayed multiple times before kicking off last month. Now there are questions about whether there will be enough jurors to get through the second half of the trial. When the trial started on September 8, 12 jurors and five alternates
Continue Reading By Rachel Metz, CNN Business In late 2017, Facebook had a big problem: users were commenting on, “liking” and resharing posts less than they had in the past. The declines in engagement, visualized in charts on an internal document viewed by CNN Business, looked like wiggly black-and-blue frowns. Facebook decided to make a change —
Continue Reading By Jackie Wattles, CNN Business Issues with the toilet on board SpaceX’s Crew Dragon capsule will leave a group of four astronauts without a bathroom option during their hours-long trip back home from the International Space Station aboard the 13-foot-wide capsule this month. Instead, the crew will have to rely on “undergarments,” Steve Stich, NASA’s
Continue Reading By Jackie Wattles, CNN Business A SpaceX Crew Dragon capsule is slated to take a group of professional astronauts to space this weekend. But first, NASA must look over and approve some changes SpaceX made to address some issues with a key component — the toilet. A problem with the Crew Dragon toilet was first
Continue Reading By Clare Duffy, CNN Business CEO Mark Zuckerberg kicked off Facebook’s quarterly earnings call by addressing the latest wave of coverage based on a trove of leaked internal documents on Monday. “Good faith criticism helps us get better, but my view is that we are seeing a coordinated effort to selectively use leaked documents to
Continue Reading By Samantha Murphy Kelly, CNN Business Facebook is changing its company name to reflect its future ambitions and confronts wide-ranging scrutiny of the real-world harms from its various platforms after a whistleblower leaked hundreds of internal documents. Mark Zuckerberg said Thursday that Facebook will change its corporate name to Meta, effectively demoting Facebook’s namesake service
Continue Reading By Tara Subramaniam, CNN Business Facebook is no stranger to the limelight. While the company has repeatedly come under fire over the past few years for its role in disseminating misinformation, especially related to the 2016 election, the last two months have been especially turbulent as a whistleblower and top officials have been called to
Continue Reading By Rishi Iyengar, CNN Business For years, Facebook CEO Mark Zuckerberg touted his mission to connect the entire world — and his company has come closer than perhaps any other to fulfilling that lofty goal, with more than 3 billion monthly users across its various platforms. But that staggering global expansion has come at a
Continue Reading By Rachel Metz, CNN Business In late 2017, Facebook had a big problem: users were commenting on, “liking” and resharing posts less than they had in the past. The declines in engagement, visualized in charts on an internal document viewed by CNN Business, looked like wiggly black-and-blue frowns. Facebook decided to make a change —
Continue Reading By Jackie Wattles, CNN Business Blue Origin, the rocket and space tourism company founded by Jeff Bezos, is proposing a massive new commercial space station called “Orbital Reef” that could be used to host science experiments, vacation getaways, and potentially even in-space manufacturing. The company plans to work alongside startup Sierra Space to bring the
Continue Reading By Sean Lyngaas, CNN Business Nobelium, the Russian hacking group responsible for breaching SolarWinds, is still at it. The Russian hackers behind that successful 2020 breach of US federal agencies compromised as many as 14 technology firms since May as part of another apparent espionage campaign, Microsoft said Monday. The hackers have been hitting a
Continue Reading By Clare Duffy, CNN Business Facebook has confronted whistleblowers, PR firestorms and Congressional inquiries in recent years. But now it faces a combination of all three at once in what could be the most intense and wide-ranging crisis in the company’s 17-year history. On Friday, a consortium of 17 US news organizations began publishing a
Continue Reading By Clare Duffy, CNN Business Facebook has confronted whistleblowers, PR firestorms and Congressional inquiries in recent years. But now it faces a combination of all three at once in what could be the most intense and wide-ranging crisis in the company’s 17-year history. On Friday, a consortium of 17 US news organizations began publishing a
Continue Reading By Clare Duffy, CNN Business Facebook has for years struggled to crack down on content related to what it calls domestic servitude: “a form of trafficking of people for the purpose of working inside private homes through the use of force, fraud, coercion or deception,” according to internal Facebook documents reviewed by CNN. The company
Continue Reading By Sara Ashley O’Brien, CNN Business One witness occupied the stand for the better part of week seven in the criminal trial of Theranos founder Elizabeth Holmes. For two days straight, jurors heard testimony from former Theranos insider Daniel Edlin, who was a friend of Holmes’ brother and worked at the failed blood testing startup
Continue Reading by Sofia Barrett Twenty years ago this weekend, Apple launched the original, iconic iPod. Six years later, I was gifted my first and only version of the device: a third-generation iPod Nano, fit with a square screen, a click wheel and an engraving on the back: “Sofia Barrett, Happy 11th Birthday.” By that time, the
Continue Reading By Rishi Iyengar, CNN Business Apple plans to give customers the ability to repair their own devices amid growing pressure from regulators and consumers around the world for manufacturers to ease restrictions on fixing products. The company on Wednesday announced a new program that will make spare parts for Apple products available to purchase starting
Continue Reading By Sara Ashley O’Brien, CNN Business Ridehail company Lyft on Thursday released its first ever safety report, disclosing that it received 4,158 reports of sexual assault on its platform in 2017, 2018, and 2019. The disclosure comes more than three years after Lyft and its rival Uber first pledged to release safety reports disclosing incidents
Continue Reading By Rishi Iyengar, CNN Business Snapchat’s parent company crossed $1 billion in quarterly revenue for the first time ever, but worse-than-expected earnings and a forecast of more headwinds to come led its stock to crash on Thursday. Shares of Snap, which owns the popular photo and video app, plunged as much as 25% in after-hours
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