By Rachel Metz, CNN Business For billions of people around the world, Facebook can be a source for cute baby pictures, vaccine misinformation and everything in between — and all of it surfaces in our feeds with the help of algorithms. Now, hours of testimony and thousands of pages of documents from Facebook whistleblower Frances
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By Paul R. La Monica, CNN Business Corporate profits soared in the first half of this year, largely because of favorable comparisons to last year’s weak earnings. The Covid shutdown of the economy hit major companies hard in the first half of 2020. But as companies get set to report their third-quarter results in the
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By Frank Pallotta, CNN Business Social media can be difficult to understand, but luckily for Congress they had the Facebook whistleblower walk them through it on “Saturday Night Live.” The NBC variety show opened up on Saturday with Frances Haugen, played by Heidi Gardner, giving testimony on Capitol Hill about the internal workings of Facebook.
Continue Reading By Frank Pallotta, CNN Business Social media can be difficult to understand, but luckily for Congress they had the Facebook whistleblower walk them through it on “Saturday Night Live.” The NBC variety show opened up on Saturday with Frances Haugen, played by Heidi Gardner, giving testimony on Capitol Hill about the internal workings of Facebook.
Continue Reading By Ramishah Maruf, CNN Business National fast food chain Raising Cane’s Chicken Fingers has a new solution to the restaurant industry’s labor shortage — it’s asking corporate employees to work as fry cooks and cashiers. The privately-held Baton Rouge, La.-based company has a total of 750 corporate employees, 500 in its Dallas office. Of those,
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By Matt McFarland, CNN Business Tesla CEO Elon Musk has said the company will roll out the latest beta version of its “full self-driving” software to 1,000 owners this weekend. Yet there aren’t actually any self-driving cars for sale today, according to autonomous vehicle experts and the National Highway Traffic Safety Administration, which regulates cars.
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By Nathaniel Meyersohn, CNN Business If you hoped grocery stores this fall and winter would look like they did in the Before Times, with limitless options stretching out before you in the snack, drink, candy and frozen foods aisles, get ready for some disappointing news. Many of the country’s biggest food makers are telling grocers
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By Sara Ashley O’Brien, CNN Business The fifth week of the trial of Theranos founder Elizabeth Holmes brought another big name witness to the stand, as well as the conclusion of a crucial witness’s testimony that had lasted nearly half the length of the trial so far. Holmes, once hailed as the next Steve Jobs,
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By Kara Fox, CNN Chinese officials are ordering coal plants to dramatically ramp up production. The European Union is facing a revolt over its ambitious Green Deal on climate. US President Joe Biden is petitioning OPEC nations to boost oil production. So much for the fight against the climate crisis — it’s the energy crisis
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By Jessie Yeung, Rhea Mogul and Swati Gupta, CNN As India’s brutal second coronavirus wave ravaged the country this spring, Ankit Srivastava went from hospital to hospital, trying to find help for his ailing mother. But hospitals in the Indian city of Varanasi had run out of space, oxygen, medicine, tests — everything. “They told
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By Rishi Iyengar, CNN Business Apple is asking a court to put on hold its injunction that would allow iPhone developers to direct users away from the company’s App Store for online payments. The company on Friday filed a motion with the US District Court for the Northern District of California asking it to stay
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By Rishi Iyengar, CNN Business Just days after several of its major services went down for about six hours, Facebook on Friday suffered another outage. “We’re aware that some people are having trouble accessing our apps and products,” the company said on its verified Twitter account on Friday. “We’re working to get things back to
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By Rishi Iyengar, CNN Business Just days after several of its major services went down for about six hours, Facebook on Friday suffered another outage. “We’re aware that some people are having trouble accessing our apps and products,” the company said on its verified Twitter account on Friday. “We’re working to get things back to
Continue Reading By Rishi Iyengar, CNN Business Facebook is cracking down on the ability of people to use its e-commerce platforms to sell large parcels of land in the protected Amazon rainforest. “Today, we are announcing measures to curb attempts to sell land in ecological conservation areas within the Amazon rainforest on Facebook Marketplace,” the company said
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By Frank Pallotta, CNN Business In the nearly six decades since 1962’s “Dr. No,” one thing has been a constant at the cinema: Bond, James Bond. The iconic super-spy returns for his latest adventure this weekend with “No Time to Die,” the franchise’s 25th film, which represents both a literal and figurative end of an
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By Hanna Ziady and Mark Thompson, CNN Business A group of 136 countries have agreed to a global treaty that would tax large multinationals at a minimum rate of 15% and require companies to pay taxes in the countries where they do business. Estonia, Hungary and — most notably — Ireland joined the agreement Thursday.
Continue Reading Opinion by Jacob J. Lew for CNN Business Perspectives After weeks of partisan gridlock, Congress is on track to extend the debt ceiling, averting a potential default looming in less than two weeks. But the solution merely moves the new fiscal cliff to December, aligning the deadline with other imminent crises, like a potential government
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By Brian Stelter, CNN Business It all started with a LinkedIn message. Wall Street Journal reporter Jeff Horwitz first connected with Frances Haugen, now known as the Facebook whistleblower, late last year. He was trying to meet more sources at Facebook to learn about how the company managed content on its platforms around the 2020
Continue Reading By Brian Stelter, CNN Business It all started with a LinkedIn message. Wall Street Journal reporter Jeff Horwitz first connected with Frances Haugen, now known as the Facebook whistleblower, late last year. He was trying to meet more sources at Facebook to learn about how the company managed content on its platforms around the 2020
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By Kathryn Vasel, CNN Business Major life events — like a global pandemic — often lead people to take stock of their lives. And many workers are now taking a closer look at their jobs and realizing it’s not what they want to be doing anymore. In July, four million people quit their jobs, according
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