[ad_1] CNN — Mark Zuckerberg considered disclosing in 2017 that Facebook (FB) was investigating “organizations like Cambridge Analytica” alongside Russian foreign intelligence actors as part of an election security assessment before ultimately removing the reference at his advisers’ suggestion, according to a 2019 deposition conducted by the Securities and Exchange …
Read More »From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses
[ad_1] From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company back up his …
Read More »Meta to lay off 11,000 employees, as Zuckerberg says he is ‘accountable for missteps’
[ad_1] New York CNN Business — Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta confronts a range of challenges to its core business and makes an uncertain and …
Read More »Meta’s stock falls 17% as its quarterly profit is cut in half
[ad_1] New York CNN Business — Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making “significant changes” aimed at cutting costs ahead of 2023, as it confronts an economic downturn that is hitting its core online advertising business. …
Read More »Why you probably won’t buy Meta Quest Pro
[ad_1] CNN Business — Meta’s newest virtual-reality headset, the Meta Quest Pro, is a slick, powerful device. It can display text and fine details in VR, making it possible to read even small type with ease. It can track your eyes and facial features, giving you a sense of connection …
Read More »Here’s how uber-rich pass wealth tax-free to heirs during down markets
[ad_1] Brand New Images | Stone | Getty Images A lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to lower estate taxes down the road. That’s because one type of trust gives them better odds of shifting some …
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