*By Chloe Aiello*
It's been quite the week for Facebook, but CEO Mark Zuckerberg, it seems, still has a fun streak.
The high-profile CEO stepped out with rapper Kanye West to kick back, relax, and sing a little karaoke. The star on Monday tweeted a blurry photo of the pair in a group, grasping microphones and apparently singing a throw-back hit from the Backstreet Boys.
"We sang Backstreet Boys I want it that way," [West wrote on Twitter](https://twitter.com/kanyewest/status/1062892813975674881).
The tweet has since earned more than 72,000 likes, 9,000 retweets and 1,000 comments ー most of which were remarks on the unlikely pairing. And while there was no way of knowing what the two were up to, or even when they met, the photo provided some much needed comedic relief in a week of bad news for Facebook ($FB).
On Wednesday, a [New York Times investigation](https://www.nytimes.com/2018/11/14/technology/facebook-data-russia-election-racism.html) raised questions about the leadership's response to recent scandals. In a press conference on Thursday, Zuckerberg pushed back against the report, bolstered by a rare statement Facebook's board issued in support of the CEO and his COO, Sheryl Sandberg.
The report comes as the company juggles slowing growth and backlash after a spate of controversies in the past year, including the Cambridge Analytica data breach and the company's response to Russian meddling on the platform.
Facebook's stock is down 18.5 percent year-to-date and 19.1 percent year-over-year.
Brian Vendig, president of MJP Wealth Advisors, joined Cheddar News to discuss the market ahead of the Federal Reserve's meeting on Wednesday and as investors digest JPMorgan's takeover of First Republic Bank, which was recently seized by regulators. A slew of earnings are also slated to be released this week as well.
The saga of Adidas' high-profile break-up with Ye, formerly known as Kanye West, continues. Investors have filed a class action lawsuit alleging that executives were aware of Ye's behavioral issues well before Adidas ended its relationship with him last October.
The top financial concern for Americans in 2023 is inflation. Sudha Chandrasekharan, SVP, of Global E-Commerce at Auctane, joins Cheddar News to discuss how this outlook will change consumer spending habits, and why e-commerce is playing a vital role in the economy.
Charlie Munger, vice chairman of Berkshire Hathaway, told the Financial Times that the U.S. commercial property market is in trouble. “It’s not nearly as bad as it was in 2008,” he said. “But trouble happens to banking just like trouble happens everywhere else.”
Labor strife is coming to a head in the entertainment industry, as the Writers Guild of America (WGA) said it's prepared to strike at midnight Tuesday if it doesn't come to terms with the Alliance of Motion Picture and Television Producers (AMPTP).
