Saturday, March 16, 2019

business news today

business news today


Business Live: Interserve meeting underway - BBC News

Posted: 15 Mar 2019 12:25 AM PDT

Business Live: Interserve meeting underway - BBC News

Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Wetherspoon profits slide
  3. US sues VW
  4. New Tesla car
  5. Business reacts to Brexit delay

Facebook Stock Falls As Two Execs Leaving - Investor's Business Daily

Posted: 14 Mar 2019 02:14 PM PDT

Facebook stock fell in after-hours trading Thursday, follow an announcement that two executives were leaving the company.

X

In a post on Facebook, Chief Executive Mark Zuckerberg announced that the company's Chief Product Officer, Chris Cox, has resigned. Zuckerberg also announced that Chris Daniels, vice president of the Facebook messaging app WhatsApp, is also leaving.

Facebook stock dropped 1.6%, near 167.40, during after-hours trading on the stock market today.

"I'm sad to share the news that Chris Cox has decided to leave the company," Zuckerberg wrote on Facebook. "Chris and I have worked closely together to build our products for more than a decade and I will always appreciate his deep empathy for the people using our services and the uplifting spirit he brings to everything he does."

Early Hire For Facebook

Cox was one of Facebook's earliest hires as an engineer, ultimately working on several key products, including News Feed. Most recently, he oversaw the strategy for all of Facebook's apps.

In announcing the departure of Daniels, Zuckerberg said: "Chris has also done great work in many roles, including running our business development team, leading Internet.org, which has helped more than 100 million people get access to the internet, and most recently at WhatsApp, where he has helped define the business model for our messaging services going forward."

Will Cathcart, vice president of product management, will succeed Daniels at WhatsApp. Facebook did not name a replacement for Cox.

The resignations come a day after it was reported by the New York Times that Facebook is under criminal investigation by federal prosecutors over data deals with electronics manufacturers. The personnel moves also come a day after Facebook stock was down for much of Wednesday due to server-related maintenance issues.

YOU MIGHT ALSO LIKE:

After Hours: Facebook, These 5 Top Stocks Near Buy Zones Are Key Movers

Get Free IBD Newsletters: Market Prep | Tech Report | How To Invest

What Is The Stock Market And How Does It Work?

IBD Stock Of The Day

What Makes IBD Unique?

Business Live: Reaction to Brexit vote - BBC News

Posted: 14 Mar 2019 12:10 PM PDT

Business Live: Reaction to Brexit vote - BBC News

Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Chinese industrial output slows
  3. Facebook recovering from most severe outage in its history
  4. Pound slips after hitting nine-month high
  5. Cineworld profits boost
  6. FCA crackdown on investment firms
  7. Banks announce merger
  8. Debenhams gives 'careful consideration' to Sports Direct
  9. IFS says UK needs urgent spending review
  10. Superdry should be 'supercharged' says founder

What's moving markets today: Live updates - CNN

Posted: 14 Mar 2019 04:28 PM PDT

Apple's latest video ad takes a jab at the privacy issues dogging all of those other tech companies.

In the ad, which was posted Thursday, various people are seen trying to find a moment of privacy — in a cafe, at school and in a public restroom.

The iPhone maker has been seizing on its competitors' ongoing privacy issues as a way to promote itself. Unlike Facebook (FB) and Google (GOOGL), the majority of Apple's revenue comes from hardware sales and services, not advertising. Ads often require collecting and sometimes sharing information about user habits, likes and locations.

Apple (AAPL) has said the way it handles data and built-in features, like encryption, set it apart.

It is not the first time Apple has used privacy for marketing. The company bought a large ad on the side of a building in Las Vegas for CES in January that read, "What happens on your phone, stays on your phone."

No comments:

Post a Comment