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The Federal Trade Commission questioned Facebook CEO Mark Zuckerberg this week as part of its antitrust investigation into the social-media titan, reports say. Zuckerberg testified remotely over two days during an FTC investigative hearing, Politico reported Thursday. The agency could reportedly use his under-oath testimony to build a case against Facebook’s potential anti-competitive practices. “We …
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Elon Musk on Tuesday became the fourth-richest man on earth after a surge in Tesla shares helped him leapfrog French luxury titan Bernard Arnault. The eccentric tech tycoon — who added $7.8 billion to his net worth on Monday, thanks to a more than 9-percent jump in Tesla’s stock — is now worth $84.8 billion, …
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Facebook is quietly moving forward with a controversial plan to merge the messaging features of its Messenger and Instagram platforms. US Instagram users over the weekend were met with an onscreen prompt advertising a “new way to message on Instagram,” urging them to merge the photo-sharing app’s messaging platform with Facebook Messenger. The tie-up of …
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You know what’s really cool? $100 billion. On Thursday, Facebook’s Mark Zuckerberg joined the so-called Centibillionaire Club — the gang of three people who have a net worth of more than $100 billion. The only other club members are Amazon chief Jeff Bezos and Microsoft co-founder Bill Gates. The BBC reports that Zuckerberg was pushed into the …
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Mark Zuckerberg has joined the world’s most exclusive club of the ultra rich. The Facebook CEO on Thursday became a centibillionaire: someone who is worth at least $100 billion. He crossed the milestone after shares in the social network surged. Only two other men, Amazon’s Jeff Bezos and Microsoft’s Bill Gates, have bigger personal fortunes. …
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It’s looking like Big Tech isn’t going back to the office any time soon. Facebook this week announced that it will allow its employees to work from home until next July, following in the footsteps of Google, which has also told workers to stay home until summer 2021. The social networking giant will also give …
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A day after their leaders faced five hours of interrogation in Congress over allegations their power and influence is out of control, four of the biggest American tech companies saw their combined market value swell by $250 billion thanks to earnings that shocked even Wall Street. Shares of Amazon.com Inc., Facebook Inc., Apple Inc. and …
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House Judiciary Committee Chairman Jerrold Nadler on Wednesday accused Google and Facebook of being responsible for the demise of journalism in the US. Directly addressing Alphabet CEO Sundar Pichai and Facebook boss Mark Zuckerberg, Nadler said that the two Silicon Valley titans “have gravely threatened journalism,” and described the news industry as being in “economic …
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House Democrats on Wednesday told Facebook CEO Mark Zuckerberg that he may have to spin off Instagram to comply with antitrust laws. The Federal Trade Commission allowed Facebook to acquire Instagram in 2012, but House Judiciary Committee Chairman Jerrold Nadler (D-NY) said it wasn’t a closed case. “Mr. Zuckerberg, mergers and acquisitions that buy off …
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Big Tech will be under the spotlight once again on Wednesday, as the CEOs of the largest companies in the industry will face a grilling before Congress. Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google parent company Alphabet CEO Sundar Pichai and Apple chief Tim Cook are scheduled to testify before the House Judiciary Committee’s antitrust …
The Federal Trade Commission questioned Facebook CEO Mark Zuckerberg this week as part of its antitrust investigation into the social-media titan, reports say. Zuckerberg testified remotely over two days during an FTC investigative hearing, Politico reported Thursday. The agency could reportedly use his under-oath testimony to build a case against Facebook’s potential anti-competitive practices. “We …
