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.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
Archer Aviation founder and CEO Adam Goldstein shares big news about the aerospace company's new partnership with NASA and why they want to make your trip to the airport just five minutes long.
iFit CEO Kevin Duffy shares how the company is bringing artificial intelligence-powered workouts to consumers, plus other fitness trends to be on the lookout for in 2024.
Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented.
