By Sean Lyngaas, CNN Business A Minnesota man has been charged with hacking into computer systems used by Major League Baseball and trying to extort the league for $150,000, the US Attorney’s Office of the Southern District of New York said Thursday. In emails with an MLB executive, Joshua Streit, 30, threatened to publicize the
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By Rishi Iyengar, CNN Business In early 2019, a team of Facebook’s researchers spent two weeks interviewing 30 users across two Indian cities, Jaipur and Hyderabad. The goal: to learn about their experiences with misinformation and fact-checking on its platforms. The fact-finding mission, which was described by one of the researchers in an internal document
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By Clare Duffy and Rishi Iyengar, CNN Business Even Amazon and Apple are grappling with the global supply chain crunch. Both companies reported revenue results on Thursday that fell short of Wall Street analysts’ expectations and warned that supply chain issues could weigh on business in the December quarter. Amazon missed Wall Street projections for
Continue Reading By Clare Duffy and Rishi Iyengar, CNN Business Even Amazon and Apple are grappling with the global supply chain crunch. Both companies reported revenue results on Thursday that fell short of Wall Street analysts’ expectations and warned that supply chain issues could weigh on business in the December quarter. Amazon missed Wall Street projections for
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By Rishi Iyengar, CNN Business Activision Blizzard CEO Bobby Kotick has asked the company’s board to slash his pay to the “lowest amount California law will allow” until the gaming company fixes its issues with gender discrimination and harassment, he said in a letter to employees on Thursday. If the board approves, Kotick will be
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By Clare Duffy, CNN Business Ohio Attorney General Dave Yost on Monday announced that he is suing Meta, the social media giant formerly known as Facebook, based on revelations from whistleblower Frances Haugen and the trove of internal company documents she leaked. The securities lawsuit, filed on behalf of the Ohio Public Employees Retirement System
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By Samantha Murphy Kelly, CNN Business Facebook is changing its company name as it shifts its focus to the “metaverse” and confronts wide-ranging scrutiny of the real-world harms from its various platforms after a whistleblower leaked hundreds of internal documents. Founder Mark Zuckerberg said Thursday that Facebook will change its corporate name to Meta, effectively
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By Samantha Murphy Kelly, CNN Business Google is now making it easier for minors or their parents to have photos of them deleted from search results. In a blog post published Wednesday, the company said it is rolling out a tool that lets parents and kids under the age of 18 request photos be removed
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By Clare Duffy, CNN Business Facebook acknowledged to shareholders this week that it is facing “government investigations” related to the tens of thousands of pages of internal company documents leaked by whistleblower Frances Haugen. “Beginning in September 2021, we became subject to government investigations and requests relating to a former employee’s allegations and release of
Continue Reading By Clare Duffy, CNN Business Facebook acknowledged to shareholders this week that it is facing “government investigations” related to the tens of thousands of pages of internal company documents leaked by whistleblower Frances Haugen. “Beginning in September 2021, we became subject to government investigations and requests relating to a former employee’s allegations and release of
Continue Reading By Rachel Metz, CNN Business Facebook said Tuesday it plans to stop using facial-recognition software that could automatically recognize people in photos and videos posted on the social network, marking a massive shift both for the tech industry and for a company known for collecting vast amounts of data about its billions of users. Facebook,
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By Rachel Metz, CNN Business In late 2017, Facebook had a big problem: users were commenting on, “liking” and resharing posts less than they had in the past. The declines in engagement, visualized in charts on an internal document viewed by CNN Business, looked like wiggly black-and-blue frowns. Facebook decided to make a change —
Continue Reading By Samantha Murphy Kelly, CNN Business Google is now making it easier for minors or their parents to have photos of them deleted from search results. In a blog post published Wednesday, the company said it is rolling out a tool that lets parents and kids under the age of 18 request photos be removed
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By Clare Duffy and Rishi Iyengar, CNN Business Two months after former US President Donald Trump was inaugurated in 2017, Twitter executive Vijaya Gadde was asked how she felt about his proposition that he might not have won the White House without the social media platform. “To me, there’s nothing better than having a political
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By Matt Egan, CNN Business Venture capitalist Roger McNamee says Corporate America shares blame for the troubles that exist today at Facebook. “What they are doing is willfully turning a blind eye to catastrophic problems that would not exist if they were not willing to advertise on these platforms,” McNamee, an early investor in Facebook,
Continue Reading By Matt Egan, CNN Business Venture capitalist Roger McNamee says Corporate America shares blame for the troubles that exist today at Facebook. “What they are doing is willfully turning a blind eye to catastrophic problems that would not exist if they were not willing to advertise on these platforms,” McNamee, an early investor in Facebook,
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By Sara Ashley O’Brien, CNN Business The high-profile trial of Theranos founder Elizabeth Holmes was delayed multiple times before kicking off last month. Now there are questions about whether there will be enough jurors to get through the second half of the trial. When the trial started on September 8, 12 jurors and five alternates
Continue Reading By Rachel Metz, CNN Business In late 2017, Facebook had a big problem: users were commenting on, “liking” and resharing posts less than they had in the past. The declines in engagement, visualized in charts on an internal document viewed by CNN Business, looked like wiggly black-and-blue frowns. Facebook decided to make a change —
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By Donie O’Sullivan, Clare Duffy, Tara Subramaniam and Sarah Boxer, CNN Business In public, Facebook has touted the resources it has dedicated to tackling Covid-19 and vaccine misinformation, even scolding US President Joe Biden for his harsh criticism of the company’s handling of the issue. In doing so, it claimed that “more than 2 billion
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By Jackie Wattles, CNN Business A SpaceX Crew Dragon capsule is slated to take a group of professional astronauts to space this weekend. But first, NASA must look over and approve some changes SpaceX made to address some issues with a key component — the toilet. A problem with the Crew Dragon toilet was first
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