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Report: The FTC is investigating Facebook—stock drops again

The U.S. Federal Trade Commission is looking into Facebook’s recent data-privacy scandal, according to a source cited by Bloomberg. Following reports this weekend that the firm Cambridge Analytica harvested the data of millions of Facebook users without their knowledge, the FTC is now investigating whether Facebook violated a 2011 settlement in which it agreed to … Continue reading “Report: The FTC is investigating Facebook—stock drops again”

Report: The FTC is investigating Facebook—stock drops again
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The definitive account of Travis Kalanick’s Uber downfall is here

Travis Kalanick may no longer be Uber’s CEO, but his time at the top continues to provide irresistible fodder for journalists. Bloomberg’s Eric Newcomer and Brad Stone have a report on his downfall, which fleshes out the story we already knew in fascinating detail. Kalanick was unrealistic, isolated, and erratic—qualities that you can theoretically get … Continue reading “The definitive account of Travis Kalanick’s Uber downfall is here”

The definitive account of Travis Kalanick’s Uber downfall is here
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Apple stock tumbles after analysts predict weak iPhone X demand in 2018

Shares of Apple took a nosedive on Tuesday after reports from industry analysts predicted weaker-than-expected demand for the high-priced iPhone X. Zhang Bin, an analyst for Sinolink Securities, said iPhone X shipments for the first three months of next year could be as low as 35 million units, about 10 million lower than earlier estimates, … Continue reading “Apple stock tumbles after analysts predict weak iPhone X demand in 2018”

Apple stock tumbles after analysts predict weak iPhone X demand in 2018
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Microsoft tries a radical idea in sexual harassment cases: Transparency

Microsoft is eliminating forced arbitration agreements with employees who make sexual harassment claims, the New York Times reported. Such agreements let companies keep harassment and discrimination claims out of court and away from public scrutiny. Confidentiality clauses, which are typically attached to such arbitration agreements, are then used to keep harassment claims under wraps, which can allow serial … Continue reading “Microsoft tries a radical idea in sexual harassment cases: Transparency”

Microsoft tries a radical idea in sexual harassment cases: Transparency
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Walmart drops the “stores” from its name in a bid for more online cred

In its ongoing pursuit of Amazon-level online dominance, Wal-Mart Stores, Inc. has made a bold decision. No, it’s not going to start paying its employees a higher wage or stop selling guns. It is getting rid of the word “Stores” in its legal name and ditching that pesky hyphen. (Stylistically, it ditched the hyphen years … Continue reading “Walmart drops the “stores” from its name in a bid for more online cred”

Walmart drops the “stores” from its name in a bid for more online cred
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Robert Mueller subpoenas Deutsche Bank for Trump’s financial records

Deutsche Bank, Germany’s largest lender, has received a subpoena from U.S. Special Counsel Robert Mueller for records pertaining to Donald Trump’s business activities, according to sources cited in Bloomberg and Reuters. The records could shine new light on hundreds of millions of dollars that the Trump organization reportedly owed to the bank before Trump became … Continue reading “Robert Mueller subpoenas Deutsche Bank for Trump’s financial records”

Robert Mueller subpoenas Deutsche Bank for Trump’s financial records
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Michael Flynn was just charged with lying to the FBI about Russian communications

Things are really getting interesting in special counsel Robert Mueller’s Russian investigation—not that they were ever boring. We just learned that Donald Trump’s former national security advisor, Michael T. Flynn, has been charged with making false statements to the Federal Bureau of Investigations about his communications with Russians. It’s the latest move for Mueller, who has … Continue reading “Michael Flynn was just charged with lying to the FBI about Russian communications”

Michael Flynn was just charged with lying to the FBI about Russian communications
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