Facebook now reaches 2.2 billion people on the planet. The most lucrative of those are in the US, where its user base is stagnating. To grow, the social media giant will have to expand in less developed parts of the world. Places like Sri Lanka.
In the first major anti-trust lawsuit in decades, the Trump administration charges that consumers will see higher prices for pay-TV prices if it allows the proposed $85.4 billion merger between AT&T and Time Warner to go through. But it’s the government’s own rules on net neutrality that will more likely hurt consumers. Trump’s communications commissioner pushed through a repeal of the open-internet rules put in place by his predecessor late last year.
While Facebook CEO Mark Zuckerberg got grilled by US House and Senate members last week, president Donald Trump signed a bill that begins to whittle away at the legal loophole that made Facebook one of the most powerful tech platforms in the world and made Zuckerberg worth $64 billion.
Mark Zuckerberg would likely see little resemblance between Facebook and Royal Dutch Shell. But in one key respect, the social network and the oil giant are similar—and that similarity may be a source of Facebook’s current woes.
File sharing and storage company Dropbox priced its shares in its initial public offering this morning, valuing the entire company at between $7 billion and $8 billion, according to documents filed with the US Securities and Exchange Commission.
Throughout 2017, revelations of alleged sexual harassment perpetrated by Harvey Weinstein, Matt Lauer, Charlie Rose, Mark Halperin, Glenn Thrush, and what seems like countless others have exposed what many women already knew: Men with power use it to intimidate women, boost or derail those women’s careers, and satisfy their own enormous egos.
New Yorkers may remember the Christmas season of 2010 when four feet of snow dropped on the city, it came to a standstill, and then-mayor Michael Bloomberg—who spent the holidays at his home in Bermuda—got slammed for failing to adequately respond to the snowmageddon.
Long, long ago, when the internet was but a gleam in some futurist’s eye, people got all their phone service, and their telephones, from one company. It was called AT&T and as long as anyone could remember it had operated as a regulated monopoly with total control over communications service and technology in the U.S. It was a dull business, but it was a cash cow. It employed one million people.
Doctors at Boston University today released images of brain damage suffered by Aaron Hernandez, the deceased New England Patriots tight end jailed for killing his friend Odin Lloyd in 2013, and said it was the most severe case of chronic traumatic encephalopathy ever discovered in a person his age. Hernandez was 27 years old when he committed suicide in prison by hanging himself with a bed sheet in April.
[Editors’ note: An earlier version of this story included details based on a police report obtained by Forbes. The City of London Police later told Forbes that the report was a forgery. Quartz has removed any details that could not be independently verified.]
If the controversy over Russian ads placed on social media during the US 2016 presidential campaign could get any weirder, consider the spat today between Twitter CEO Jack Dorsey and Russia Today (RT), a Russian news outlet thought to be backed by the Kremlin.
The fallout from a New York Times (paywall) investigation revealing explosive allegations of routine sexual harassment by movie producer Harvey Weinstein is still reverberating, with Amazon’s entertainment chief, Roy Price, the latest to see his job in jeopardy.
By midday Sunday (Aug. 27), US president Donald Trump had already tweeted more than 20 times about hurricane Harvey, the massive storm that hit southern Texas with more than 20 inches of rain in 24 hours and winds of up to 130 mph beginning Aug. 25. None of those tweets recognized a fundamental economic truth: America has already racked up big costs from storms driven by climate change.
Leadership can be built at any age, and it’s best when the process begins early. Under New York City Schools chancellor Carmen Fariña, it even begins in fifth grade.
It’s not all that unusual for CEOs to set up, or even judge, the competition for his or her replacement. General Electric, for instance, has long had a detailed, orderly process (pdf) for finding its next leader.
Failed leaders have many things in common. One of those is a tone deafness to the culture and atmosphere they create within their organizations. That seems to be a major fault of Travis Kalanick, the recently resigned CEO of Uber, who was forced out by his investors in part because of the sexist, bro culture he created that was publicly revealed in graphic detail via a February blog post by a former female engineer.
Just a few months ago, Uber CEO Travis Kalanick “absolutely” had the full confidence of Uber’s board, according to director Arianna Huffington. Yesterday (June 20), he was forced out of the $70 billion company he founded, pressured by investors who found his leadership lacking.
Let us remember that before he became a reality TV star, a presidential candidate, then president of the US, Donald Trump was the CEO of his own family company, a man used to hiring and firing at will. And let’s remember that as a reality star, his most famous line, one he tried to trademark, was “You’re fired!”
Four years ago, Spike Jonze’s movie Her imagined actor Joaquin Phoenix‘s character falling in love with Samantha, his virtual personal assistant whose voice was played by actress Scarlett Johansson. Phoenix develops a deep relationship with Samantha, which only ends when he discovers she’s having similar connections with thousands of other people. The movie racked up five Academy Award nominations including best picture and won for best original screenplay.
It’s always tough when company decides to abandon its industrial heritage. Oftentimes pushback comes from employees, customers, suppliers, and even the general public.
Tony Robbins, the larger-than-life motivational speaker, has a new gig. The millionaire self-help guru (who stands six feet seven inches tall) joined a financial advisory firm, Creative Planning, where he’s on the board and serves as ”chief of investor psychology.” He was so upset about the devastation that the 2008 financial crisis wrought, leaving young people with unserviceable college debts and their parents with devastated retirement accounts, that he wrote a book to help people become more financially secure.
In January, a Forbes contributor took apart US president Donald Trump’s Twitter following, writing that his social media power was far smaller than it appeared, based on his then 20 million followers. Trump really had only 360,000 followers who showed “a high level of engagement” and only about 3 million were in the US, making his ability to influence the electorate via Twitter far less powerful than previously imagined.
Everyone wants to learn how to be successful. Among the most successful, of course, is Warren Buffett, the legendary investor who, with $73.8 billion in net worth, is the second richest person in the world, according the Bloomberg Billionaire Index.
To: President Vladimir PutinThe KremlinMoscow
