In the past five years, workplaces have had many conversations about harassment and equality, with the rise of the Me Too and Time’s Up movements. But as a result, has anything really changed for women? That’s what the fifth annual “Women in the Workplace” study from consulting firm McKinsey and Company and the organization Lean […] Read more
The co-creator of Facebook-backed libra defended the cryptocurrency on Wednesday after a number of recent high-profile companies abandoned the effort. Libra ran into issues Friday after Visa, Mastercard, Stripe, eBay and Mercado Pago bolted. Booking Holdings, formerly Priceline, left Monday. Each of the companies would have potentially invested $10 million each into the project. The […] Read more
Chinese state-run television network CCTV said it was suspending the current broadcast arrangements for the NBA’s preseason games in China. Tencent, which owns the digital streaming rights for NBA in China, said it would also “temporarily suspend” the preseason broadcast arrangements. It follows a tweet made by Houston Rockets General Manager Daryl Morey in which […] Read more
The U.S. and the U.K. have signed a first-of-its-kind agreement that will allow law enforcement agencies in the countries to access data from tech companies more quickly in criminal investigations. In a press release late Thursday, the Justice Department said the historic agreement will “dramatically speed up investigations by removing legal barriers to timely and […] Read more
Zuckerberg blasts Elizabeth Warren’s plan to break up Facebook and says it’s an ‘existential’ threat
Facebook CEO Mark Zuckerberg addressed the company’s challenges in two hours of leaked audio from internal meetings published in part by The Verge on Tuesday. The audio from two July Q&A meetings with employees provides a glance into Zuckerberg’s thoughts on key issues facing his company while not under the spotlight of press cameras or […] Read more
With the U.S. 2020 presidential election looming, Facebook on Tuesday said it will not fact check or remove content posted posted by politicians even if it is in violation of the company’s rules. The company will treat speech from politicians as newsworthy content that should be seen and heard, wrote Nick Clegg, Facebook’s vice president […] Read more
WeWork’s parent company, the We Company, made a splash earlier this week with the release of its much-anticipated IPO prospectus. The company’s S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber’s IPO in May. It’s also filled with unusual […] Read more
As more video-streaming services flood the market, professional sports leagues are finding themselves in an increasingly precarious situations, because they’re not included in the packages. At this week’s Allen & Co. conference in Sun Valley, Idaho, some of the top sports executives gathered to discuss the future of sports. We spoke to the commissioners of […] Read more
U.S. President Donald Trump once again lashed out at Anthony Scaramucci, claiming that “nobody ever heard of” the former White House communications director “until he met me.” “Nobody ever heard of this dope until he met me. He only lasted 11 days!” Trump wrote in a nighttime Twitter post. Trump and Scaramucci — who was […] Read more
The former chief executive officer of Cisco told CNBC that Facebook is at a crossroads and must make proactive changes to sustain growth in the face of increased regulatory scrutiny. John Chambers, who led Cisco for two decades including during the dot-com crash, said the social media giant needs to work aggressively to rebuild trust […] Read more
