Mark Zuckerberg Tops Warren Buffett to Becomethe Worlds Third-Richest Person

, , , , , , , , , , ,

Facebook Inc. co-founder Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com Inc. founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the

Read More...

Heres Why Trump Went Postal on Amazon

, , , , , , , , , ,

The Amazon blame game took another turn on Thursday, when President Donald Trump spun the wheel back around to the U.S. Postal Service.  Source: U.S. Postal Service U.S. mail is also required to cover every American, employing carriers who roam neighborhoods six days a week (or seven, if Amazon has a package ready). The Postal Service has […]

Read More...

Under Fire and Losing Trust, Facebook Plays the Victim

, , , , , , , , , , ,

Facebook Inc.’s growth was good for the world. Sheryl Sandberg, their chief operating officer, had preached the importance of openness. Neither appeared in the cafeteria on Tuesday. Instead, the company sent a lawyer. The context: Reports in the  and thethe previous weekend that Cambridge Analytica, the political consulting firm that advised President Trump’s electoral campaign on digital […]

Read More...

Facebook Plunges as Pressure Mounts on Zuckerberg Over Data

, , , , , , , , , , ,

Demands follow report that Cambridge Analytica violated rules Lawmakers seek more than ‘false reassurance’ on data safety Mark Zuckerberg to appear before lawmakers to explain how U.K.-based Cambridge Analytica, the data-analysis firm that helped Donald Trump win the U.S. presidency, was able to harvest the personal information. Facebook has already testified about how its platform […]

Read More...

Did Bitcoin Just Burst? How It Compares to History’s Big Bubbles

, , , , , , , , , , ,

Bitcoin’s recent wobbles have given fresh urgency to a question that’s gripped market observers for much of the past year: Will the cryptocurrency go down as one of history’s most infamous bubbles, alongside tulipmania and the dot-com craze? The magnitude of Bitcoin’s boom (before it predicted by Cameron Winklevoss of Facebook fame, it could have […]

Read More...

A Manager of $42 Billion Fears Bubble in World’s Biggest Stocks

, , , , , , , , , ,

The world’s biggest companies could be hiding the biggest risks. That’s because companies such as Amazon.com Inc. and Alibaba Group Holding Ltd are overvalued, according to Robert Naess, who manages about $42 billion in stocks at Nordea Bank AB, Scandinavia’s largest bank. “I’m a bit worried about the valuation of these very popular companies,” Naess, […]

Read More...

Facebook to Show Users Which Russian Propaganda They Followed

, , , , , , , , , , , ,

request from Congress to address manipulation and meddling during the 2016 presidential election. The tool will appear by the end of the year in Facebook’s online support center, the company said in a blog post Wednesday. It will answer the user question, “How can I see if I’ve liked or followed a Facebook page or […]

Read More...