Facebook Fallout Intensifies, Weinstein Co. Files for Bankruptcy
The fallout from Facebook's latest data scandal continues to intensify. Reports emerged late Monday that Facebook's chief security officer is leaving the company later this year amid a dispute over how the company handles the spread of misinformation. In response to the reports, Alex Stamos said on Twitter that he is “still fully engaged" with his work at Facebook. Criticism of the social networking company is growing after it came to light that the data firm Cambridge Analytica gained access to information on 50 million Facebook users without their knowledge.
The Weinstein Co. officially files for bankruptcy protection after many attempts to sell the company failed. The Dallas-based Lantern Capital Partners firm is acquiring the company's assets. The Weinstein Co. is also ending all non-disclosure agreements with women who were forced to stay silent up until now, and encouraging those women to speak up. This follows numerous sexual assault allegations against the company's co-founder Harvey Weinstein.
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year.
Brad Bernstein, managing director at UBS Private Wealth Management breaks down the state of the U.S. economy and what to expect from Fed policy from the rest of the year.
SpaceX Investor Chad Anderson discusses Starship's latest test flight, what's next, and why he thinks Elon Musk's leadership sent the company in the right direction.
Dilip Rao, CEO of Sharebite, explains how his startup wants to normalize companies feeding their workers, the role of the private sector in public concerns, and more.
