#Chuck Schumer’s son-in-law lands lucrative gig at private equity giant Blackstone

#Chuck Schumer’s son-in-law lands lucrative gig at private equity giant Blackstone

“Chuck Schumer’s son-in-law lands lucrative gig at private equity giant Blackstone” Senate Majority Leader Chuck Schumer’s son-in-law has been hired by top private equity firm Blackstone — the latest family member to land a lucrative gig with an industrial giant that is subject to government regulation. Michael Shapiro, the Princeton- and Yale-educated lawyer who most…

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#Instagram rolls back changes after Kim Kardashian, Kylie Jenner criticism

#Instagram rolls back changes after Kim Kardashian, Kylie Jenner criticism

“Instagram rolls back changes after Kim Kardashian, Kylie Jenner criticism” Instagram is halting its plans to make its social media platform more like heavyweight rival TikTok after criticism from users, chief among them mega-influencers Kim Kardashian and half-sister Kylie Jenner. Instagram, which is owned by Facebook’s parent company Meta Platforms, rolled out plans to alter…

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#Facebook’s Meta reports first ever revenue drop

#Facebook’s Meta reports first ever revenue drop

“Facebook’s Meta reports first ever revenue drop” Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with a global recession looming and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 3.4% in extended trading. The company said it expects…

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#Snapchat parent’s poor quarter wipes out B in ad industry market cap

#Snapchat parent’s poor quarter wipes out $80B in ad industry market cap

“Snapchat parent’s poor quarter wipes out $80B in ad industry market cap” Facebook-owner Meta Platforms, Google-owner Alphabet and other companies that sell online ads lost about $80 billion in combined stock market value on Thursday after Snap posted poor quarterly results and warned of an uncertain outlook. Slammed by a weakening economy, increased competition from TikTok and recent…

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#Facebook owner Meta releases first human rights report

#Facebook owner Meta releases first human rights report

“Facebook owner Meta releases first human rights report” Facebook-owner Meta released its first annual human rights report on Thursday, following years of accusations that it turned a blind eye to online abuses that fueled real-world violence in places like India and Myanmar. The report, which covers due diligence performed in 2020 and 2021, includes a summary of a controversial human rights impact…

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#Facebook shared deleted user data with cops: lawsuit

#Facebook shared deleted user data with cops: lawsuit

“Facebook shared deleted user data with cops: lawsuit” Facebook employees were able to access deleted user data and share details with law enforcement agencies, according to allegations included in an explosive lawsuit filed by an ex-employee who said he was ousted for raising concerns about the practice. Brennan Lawson, a former member of Facebook’s global…

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