Mark Zuckerberg says no one deserves to be a Billionaire
04 October 2019 | 3:15 pm
Facebook CEO Mark Zuckerberg, the fifth-richest person in the world, says no one really needs to be a billionaire. Speaking to employees, he said some of the wealth that can be accumulated is "unreasonable."
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Porsche CEO Oliver Blume has begun his dual role as the head of Volkswagen. Blume is taking over at a sensitive time for the German carmaker, as it tries to pull off a shift to electric vehicles.
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Amnesty International accuses Facebook of exacerbating human rights violations in Myanmar. It claims the social network proactively "amplified" anti-Rohingya content back in 2017, when the country's military launched a deadly crackdown on the ethnic minority.
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Nobel Peace Prize laureate Maria Ressa, who delivered the keynote address at this year's DW Global Media Forum in Bonn, has been at the forefront of the campaign against fake news and disinformation in the Philippines.
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Elon Musk said afterwards in a tweet that the arrangement is only temporary. It is unclear if or when he will name a new board.
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Meta Platforms Inc META.O said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest layoffs this year as the Facebook parent battles soaring costs and a weak advertising market.
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John Ray III said the trading firm was poorly regulated in the Bahamas, where the company is headquartered. He also criticized the poor management style of his predecessor, Sam Bankman-Fried.
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The EU's competition watchdog has accused tech giant Meta, which owns Facebook and Instagram, of breaching antitrust rules. An early analysis says the firm distorted competition in the online classified ads business.
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UK activist investor Bluebell Capital has called on BlackRock to replace CEO Larry Fink over his failures to move the money management firm beyond investments in fossil fuels.
The former US president had been blocked from the social media platforms since the January 6, 2021 insurrection. Meta said it was taking measures to prevent "repeat offenders" from violating its rules.
Facebook has been under scrutiny before, for failing to curb hate speech on its platform in Ethiopia. The son of a man killed after calls for his murder appeared on the platform argues that Facebook treats Africa differently to Europe and the US.
"Meta Verified" follows Twitter and other social media companies attempting to instill confidence in their services by asking users to pay to prove their identities.
The US Commodity Futures Trading Commission charged the world's biggest crypto exchange and its CEO Changpeng Zhao with "willful evasion" of US law. Zhao has rejected the allegations against him.
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Brazil's Supreme Court has struck down an attempt to restrict Indigenous people's access to land. The ruling has been celebrated as a major win for Indigenous rights, setting precedent nationwide.
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