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MARK ZUCKERBERG


Investing Club: The week in review, the week ahead — June 24, 2022

The Dow rallied 800 points on Friday to cap a big rebound week for the markets.

cnbc.com

Senate Democrats urge Facebook CEO to bolster gun sales ban

Three senators criticized Facebook’s 10-strike rule for violators of its gun sales ban.

washingtonpost.com

What Cramer is watching Thursday — Meta's big bet, Darden beats, commodities tank

Stock futures rose on Thursday as Wall Street looked to add to its gains this week.

cnbc.com

Cramer: 4 investable things I learned about Meta from my chat with Mark Zuckerberg

After my interview with the Meta founder and CEO, I remain committed to believing that the metaverse is a trillion-dollar opportunity.

cnbc.com

Mark Zuckerberg envisions a billion people in the metaverse spending hundreds of dollars

Zuckerberg is happy with the progress of Meta Platforms' Quest 2 headset. Now he has a big goal for 2030 that involves a user base spending meaningfully.

cnbc.com

'Buy Meta because I've seen the future' — Cramer talks about his metaverse tour with Mark Zuckerberg

Ahead of his "Mad Money" interview with Mark Zuckerberg, CNBC's Jim Cramer discussed his time in the metaverse and why he believes in Meta's stock.

cnbc.com

Here's what 9 companies in our portfolio are working on to profit from the metaverse

We think Club members should look at the metaverse as a longer-term opportunity, not something that's going to move the needle today.

cnbc.com

Mark Zuckerberg showed these prototype headsets to build support for his $10 billion metaverse bet

Meta (formerly Facebook) is going to spend $10 billion this year on research and development on virtual reality and augmented reality technologies.

cnbc.com

DOJ settles lawsuit with Facebook over allegedly discriminatory housing advertising

The DOJ claimed that Meta targeted users with housing ads based on algorithms that relied partly on characteristics protected under the Fair Housing Act.

cnbc.com
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A picture-perfect metaverse is years away. Meta’s prototypes prove it.

Meta showcased some prototype headsets that aim to address limitations with current ones but they prove a picture-perfect metaverse is ages away.

washingtonpost.com

Peter Thiel helped build big tech. Now he wants to tear it all down.

Inside the billionaire investor’s journey from Facebook board member to an architect of the new American right

washingtonpost.com

TikTok exec: We're not a social network like Facebook, we're an entertainment platform

As Facebook looks to copy more features from TikTok, the popular short video service says it's not a social network

cnbc.com

How to Fix Twitter and Facebook

Social media has become too important to entrust to anyone. Are there ways to entrust it to everyone?

theatlantic.com

Javier Olivan, who's replacing Sheryl Sandberg at Meta, built his career on international expansion

Javier Olivan, Meta's next chief operating officer, might not be a household name, but inside the company he's known for taking Facebook global.

cnbc.com

Sheryl Sandberg Is Leaving Facebook at a Perilous Moment

The social media giant’s scaler-in-chief is departing just as the company confronts some of its biggest challenges.

washingtonpost.com

Sheryl Sandberg was Facebook's adult in the room, but it's always been a Zuckerberg production

Now that Sheryl Sandberg is gone from Facebook, Mark Zuckerberg is the only top executive remaining from the company's IPO a decade ago.

cnbc.com

Sheryl Sandberg, long Facebook's No. 2 exec, steps down

Meta-Sandberg-Resignation FILE- In this Sept. 5, 2018, file photo, Facebook COO Sheryl Sandberg testifies before the Senate Intelligence Committee hearing on Capitol Hill in Washington. 2 exec at Facebook owner Meta, is stepping down, according to a post Wednesday, June 1, 2022 on her Facebook page. Fourteen years later, it is time for me to write the next chapter of my life," Sandberg wrote on her Facebook page Wednesday. “Sheryl Sandberg had an enormous impact on Facebook, Meta, and the broader business world. She helped Facebook build a world-class ad-buying platform and develop groundbreaking ad formats," said Debra Aho Williamson, an analyst at Insider Intelligence.

wftv.com

Why Meta drop on Sandberg's exit is a good chance to snap up shares

While we will miss the leadership of Sandberg — the company's COO and No. 2 to CEO and co-founder Mark Zuckerberg — it doesn't change our investment thesis.

cnbc.com
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Sheryl Sandberg, longtime No. 2 exec at Facebook, steps down

Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, who helped turn its business from startup to digital advertising empire while also taking blame for some of its biggest missteps along the way, is stepping down.

Facebook parent Meta COO Sheryl Sandberg says she is stepping down

Sandberg joined Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg.

cnbc.com

10-year-old arrested over ""fake"" mass shooting threat

Florida authorities released a video on Saturday showing a 10-year-old 5th grader after he was arrested over an alleged written threat to commit a mass shooting. “My team didn’t hesitate one second to investigate this threat,” Lee County Sheriff Carmine Marceno said. “This child made a fake threat, and now he’s experiencing real consequences.”

news.yahoo.com

Facebook's transformation to Meta will be complete with new ticker symbol on June 9

Meta originally planned to change the ticker to 'MVRS,' but it will change to 'META' on June 9.

cnbc.com

Social media hammered by mounting questions over advertising

Social media has had a rough 2022 with lingering questions about advertising spending and a $44 billion takeover of Twitter that may or may not be happening, depending on which Elon Musk tweet you read.

Why Apple Will Beat Meta in the Mixed-Reality Battle

It has the design chops, the chips and the know-how to ship high-end headsets at scale.

washingtonpost.com

DC sues Zuckerberg over Cambridge Analytica privacy breach

WASHINGTON — (AP) — The District of Columbia on Monday sued Meta chief Mark Zuckerberg, seeking to hold him personally liable for the Cambridge Analytica scandal, a privacy breach of millions of Facebook users’ personal data that became a major corporate and political scandal. D.C. Attorney General Karl Racine filed the civil lawsuit against Zuckerberg in D.C. Superior Court. The lawsuit maintains that Zuckerberg directly participated in important company decisions and was aware of the potential dangers of sharing users’ data, such as occurred in the case involving data-mining firm Cambridge Analytica. Cambridge Analytica gathered details on as many as 87 million Facebook users without their permission. Racine is seeking damages and penalties from Zuckerberg as may be determined in a trial.

wftv.com

DC sues Zuckerberg over Cambridge Analytica privacy breach

The District of Columbia has sued Meta chief Mark Zuckerberg.

Boards for Meta, Twitter face backlash from NY pension fund

A major New York pension fund that has invested in both Facebook’s corporate parent and Twitter believes it’s time to shake up the companies’ boards of directors because of their inability to keep violent content off their influential social media services.

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DC AG sues Meta CEO Zuckerberg over Cambridge Analytica privacy scandal

The lawsuit comes after a judge rejected Racine's attempt to add Zuckerberg as a defendant on his original consumer protection complaint against Facebook.

cnbc.com

D.C. attorney general sues Zuckerberg over Cambridge Analytica scandal

The suit filed Monday morning accuses the CEO of Facebook parent company Meta of being directly involved in decision making that led to the Cambridge Analytica data privacy scandal.

washingtonpost.com

WhatsApp adds messaging tools to attract businesses

WhatsApp parent Meta is moving forward with its push to attract businesses to its popular chat app, part its effort to find new ways to make money beyond targeted advertisements on its other platforms, Facebook and Instagram. Meta CEO Mark Zuckerberg on Thursday unveiled a developer tool, WhatsApp Cloud API, which will enable businesses to message and chat with their customers more easily. Zuckerberg called it “an important step to help more businesses connect with people and help more people message the businesses that they want to support — big and small.”The company, which at the time was called Facebook, bought WhatsApp in 2014. Zuckerberg agreed at the time that putting ads on WhatsApp would not be the right way to make money from it. But the metaverse is in its infancy, its future uncertain, and the company still needs to make money in the meantime.

wftv.com

WhatsApp adds messaging tools to attract businesses

WhatsApp parent Meta is moving forward with its push to attract businesses to its popular chat app.

Teen who tracks Elon Musk's jet says he's discovered Mark Zuckerberg's new aircraft

Meta began chartering a new jet in March, about a month after Jack Sweeney started tracking Mark Zuckerberg's travel.

news.yahoo.com

Facebook's IPO 10 years later — new name, same CEO and a familiar problem

Since Facebook's debut 10 years ago, revenue has expanded by 26-fold, but the company's business is once again reliant on a risky bet on the future of tech.

cnbc.com

Missouri lawmakers approve a photo ID requirement for voters

Two years after the Missouri Supreme Court struck down a similar measure, the state's Republican-led lawmakers passed a bill that would require residents to have photo identification to cast a ballot.

npr.org

A Silicon Valley house that Mark Zuckerberg rented in the early days of Facebook is on the market for $5.3 million. Take a look inside.

The six-bedroom house was constantly filled with Facebook employees, said Zuckerberg's landlord at the time.

news.yahoo.com

Meta's first store aims to lure consumers to the metaverse

The store is designed to expose consumers to Meta's products, which you really have to experience to understand, explains Martin Gilliard, Head of Meta Store.

cnbc.com
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Facebook plans to reduce hiring as revenue growth slows and inflation concerns increase

Facebook's parent company is pulling back on hiring midlevel or senior-level workers as advertisers reduce spending.

cnbc.com

Elon Musk asked to testify on Twitter by UK Parliament

A British parliamentary committee scrutinizing draft online safety legislation has invited Elon Musk to discuss his plans to buy Twitter and the changes he’s proposing for the social media platform.

Nonprofits likely under fire as Senate explores ‘dark money’

A Senate hearing on Wednesday is likely to produce fireworks as Republicans and Democrats square off over the role that foundations and nonprofits are playing in elections.

In Idaho, ‘there was fraud’ becomes ‘I won’t encourage voting at all’

What elections look like downstream of the effort to rationalize Trump's false claims.

washingtonpost.com

How a billionaires boys’ club came to dominate the public square

The information that courses through both legacy publications and social media networks is increasingly shaped by billionaires and other wealthy dynasties.

washingtonpost.com

Elon Musk told Alexandria Ocasio-Cortez 'stop hitting on me' after she posted a scathing tweet about a tech 'billionaire with an ego problem'

"I was talking about Zuckerberg but ok," Rep. Alexandria Ocasio-Cortez replied to Elon Musk in a now-deleted tweet.

news.yahoo.com

Zuckerberg Pulls Back the Reins in His Metaverse Race

Investors are lapping up Meta’s move to pare back virtual reality spending as Facebook sees a slight rebound in user growth. Don’t bet it will last, though.

washingtonpost.com

Musk and Other Tech Billionaires Are Out of Control

The Tesla founder will join Zuckerberg, Brin and Page in exercising unparalleled sway over the world’s biggest communications platforms. That is a troubling prospect.

washingtonpost.com

Facebook shrugs off fears it's losing users

More people used Facebook in the first quarter than analysts expected, easing concerns about competition from TikTok.

npr.org
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Facebook's stock surge on strong earnings shows our faith in Mark Zuckerberg was not misplaced

While quarterly revenue at Facebook parent Meta Platforms missed, key engagement metrics came in better than expected and so did earnings.

cnbc.com

Facebook holds on to users, stock soars

Facebook reported first-quarter earnings that pleased investors despite slowing revenue growth.

washingtonpost.com

Meta stock soars despite mixed earnings result

Facebook beat profit expectations and grew its user base, reversing a disappointing quarter last year.

cbsnews.com

Facebook forecast points to potential revenue drop for first time

If Facebook's revenue in Q2 comes in at the lower end of its forecast, it would be the company's first revenue drop.

cnbc.com

Facebook parent Meta set to report Q1 earnings after the bell

Facebook reported its first decline in daily active users last quarter, leading to a plunge in the stock price.

cnbc.com

Biden’s tech agenda gets a reality check as Elon Musk buys Twitter

Washington’s hands are largely tied as the world’s richest person acquires an influential social network, an impact of the regulatory void around social media companies.

washingtonpost.com

Zuckerberg’s First Store Is a Smart But Expensive Metaverse Bet

Facebook is planning retail outlets to help get more people wowed by the Oculus headset.

washingtonpost.com

These are the books that Warren Buffett, Mark Zuckerberg and Daymond John turned to for crucial business lessons

Billionaires Buffett and Zuckerberg are just a few of the successful business leaders who have gleaned important lessons and career advice from books they've read throughout the years. Here are a few examples of the books on business that have influenced some of the business world's biggest success stories.

cnbc.com

Obama says tech companies have made democracy more vulnerable

President Obama

washingtonpost.com
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Russia sanctions Mark Zuckerberg, Vice President Kamala Harris, and 27 other Americans, indefinitely barring them from entering the country

The travel ban includes US Vice President Kamala Harris, LinkedIn CEO Ryan Roslansky, and ABC reporter George Stephanopoulos.

news.yahoo.com

Here’s what’s coming for the Quest 2

"Among Us" is coming to VR.

washingtonpost.com

Elon Musk takes a swipe at Mark Zuckerberg's ironclad control of Meta, says it's set up so even 'Mark Zuckerberg the 14th' will be in charge of Facebook and Instagram

When asked whether his role as richest man on Earth could pose a conflict of interest to his Twitter buy, Musk said he wouldn't be like Zuckerberg.

news.yahoo.com

Zuckerberg money won't be in next round of aid for elections

The nonprofit that distributed most of the $350 million in donations from Facebook founder Mark Zuckerberg to election offices in 2020 says it won’t disburse similar donations this year.

Mississippi joins states limiting outside election funding

Mississippi is the latest Republican-led state to ban election offices from accepting donations from private groups for voting operations.

Georgia senators scrap proposal for more election rules

Georgia senators are scrapping further big changes in state election law.

'Kill more': Facebook fails to detect hate against Rohingya

A new report has found that Facebook failed to detect blatant hate speech and calls to violence against Myanmar's Rohingya Muslim minority in advertisements submitted to run on its platform.

Did Amazon violate federal laws? Lawmakers ask for DOJ probe

Lawmakers have made good on their threat to seek a criminal investigation of Amazon, asking the Justice Department to investigate whether Amazon and its senior executives obstructed Congress or violated other laws in testimony on its competition practices.

Gates, French Gates top list of biggest U.S. charity donors

A handful of Americans donated at least $1 billion to charity last year, according to the Chronicle of Philanthropy’s annual ranking of the 50 Americans who gave the most to charity in 2021.

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EXPLAINER: How China got blue skies in time for Olympics

The clear skies greeting Olympic athletes in Beijing this month is a stark change from just a decade ago when the city’s notorious air pollution often made it difficult to make out nearby buildings.

Peter Thiel leaving board of Facebook parent Meta

A Silicon Valley billionaire and advisor to former President Donald Trump is leaving the board of directors of Facebook parent company Meta.

Meta, formerly Facebook, faces historic drop as stock tanks

Meta is putting a lot of virtual eggs — and billions of dollars — into the metaverse basket, and Wall Street is spooked.

Shares of Facebook parent Meta plunge 23% on lower profits

Meta, the company that owns Facebook, Instagram and WhatsApp, saw its stock plunge in after-hours trading after reporting a rare decline in its fourth quarter profit due to a sharp increase in expenses.

Can’t find a movie to watch with your significant other? We found a simple solution

With Valentine’s Day approaching, are you planning a date at home with your loved one? Perhaps a movie night is in order.

Chan, Zuckerberg fighting Native American vaccine hesitancy

Dakota and Navajo actor Dallas Goldtooth joins other influencers — people who have earned the community’s trust — in a two-phase public outreach effort by nonprofit organizations IllumiNative, the Urban Indian Health Institute, and 13 Native groups in states including Alaska, Minnesota, and California.

Lawsuit: Google, Facebook CEOs colluded in online ad sales

Newly unredacted documents from a state-led antitrust lawsuit against Google accuse the search giant of colluding with rival Facebook to manipulate online advertising sales.

Markets 2021: Stocks soar, IPOs explode, crypto goes wild

Wall Street delivered another strong year in 2021, as a spike in consumer demand fueled by the reopening of the global economy pumped up corporate profits.

Facebook whistleblower Frances Haugen has book deal

The former Facebook manager who startled the world this fall by leaking tens of thousands of internal documents and accusing her former employer of caring more about money than about public safety has a book deal.

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Instagram head faces senators amid anger over possible harms

The head of Instagram, appearing before a Senate panel, met with deep skepticism over new measures the platform is adopting to protect young users nd the company’s commitment to transparency.

Zuckerberg, Chan to invest up to $3.4B for science advances

A spokesperson for the company that runs the philanthropy of Facebook's Mark Zuckerberg and his wife, Priscilla Chan, said the company is investing up to $3.4 billion to advance human health over 10 to 15 years.

Trump-tied group pushing for voting changes in Wisconsin

A group supporting former President Donald Trump's agenda is working to bypass Wisconsin's Democratic governor to change the swing state's election laws.

Haugen urges lawmakers to avert impasse on social media laws

Ex-Facebook employee and whistleblower Frances Haugen implored lawmakers to avoid falling into the usual congressional stalemate as they weigh proposals to curb abuses in social media platforms by limiting the companies’ free-speech protections against legal liability.

New Twitter CEO steps from behind the scenes to high profile

Newly named Twitter CEO Parag Agrawal (PUH-rag AH-gur-wahl) has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs.

Ohio retirement fund sues Facebook over investment loss

Ohio's largest public employee pension fund has sued Facebook, alleging that it broke federal securities law by purposely misleading the public about its product's negative effect on children.

Sinema's shift: 'Prada socialist' to corporate donor magnet

Twenty years ago, when Kyrsten Sinema was a Green Party activist running for the Phoenix City Council, she likened the practice of raising campaign cash to “bribery.”.

Facebook whistleblower Frances Haugen fears the metaverse. Here’s why

Facebook whistleblower Frances Haugen is warning that the virtual reality world at the heart of the social media giant’s growth strategy will be addictive and rob people of personal information while giving the company another monopoly online.

Plenty of pitfalls await Zuckerberg's 'metaverse' plan

Mark Zuckerberg promises that the virtual-reality “metaverse” he’s planning to build will “let you do almost anything.”.

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An "eraser button"? Focused ideas could help bridle Big Tech

Break up Big Tech.

EXPLAINER: What is the metaverse and how will it work?

The term “metaverse” is the latest buzzword to capture the tech industry’s imagination _ so much so that one of the best-known internet platforms is rebranding to embrace the futuristic idea.

Facebook Inc.: A look at other corporate rebranding efforts

Facebook Inc. says it is changing its name to Meta Platforms Inc., joining a long list of companies that have tried to rebrand themselves over the years.

In the middle of a crisis, Facebook Inc. renames itself Meta

Facebook CEO Mark Zuckerberg says his company is rebranding itself as Meta, an effort to encompass its virtual-reality vision for the future.

An author's reminder: Philanthropy isn't defined by money

Philanthropy, Lucy Bernholz says, is like Chex Mix.

Senator asks Facebook CEO to testify on Instagram and kids

The senator leading a probe of Facebook’s Instagram and its impact on young people is asking Facebook CEO Mark Zuckerberg to testify in the Senate.

Who will get Powell Jobs' $3.5B gift for climate work?

Philanthropist Laurene Powell Jobs is gearing up to invest $3.5 billion into climate initiatives through her foundation in the next 10 years.

House committee seeks more info from Amazon, issues warning

U.S. House lawmakers are threatening to seek a criminal investigation of Amazon, saying the tech giant has one “final chance” to correct previous testimony by executives on its competition practices.

Facebook plans to hire 10,000 in Europe to build 'metaverse'

Facebook says it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform.

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EXPLAINER: Could Facebook sue whistleblower Frances Haugen?

Facebook has recently taken a harsher tone toward whistleblower Frances Haugen, suggesting that the social network could be considering legal retaliation after Haugen went public with internal research that she copied before leaving her job earlier this year.

Instagram and teens: How to keep your kids safe

When whistleblower Frances Haugen this week revealed internal Facebook studies of the harms its Instagram service can cause, particularly for teenagers, she reinforced concerns about the popular photo-sharing app.

Facebook whistleblower testifies: Five highlights

A former Facebook data scientist testified before Congress that the social network’s products harm children and fuel polarization in the U.S. while executives reject changes that could hurt company profits.

Ex-Facebook manager criticizes company, urges more oversight

While accusing the giant social network of pursuing profits over safety, a former Facebook data scientist told Congress she believes stricter government oversight could alleviate the dangers the company poses, from harming children to inciting political violence to fueling misinformation.

Facebook puts Instagram for kids on hold after pushback

Instagram is putting a hold on the development of Instagram kids, geared towards children under 13, so it can address concerns about the vulnerability of younger users.

Facebook tech chief Mike Schroepfer to step down

Facebook’s Chief Technology Officer Mike Schroepfer is stepping down from the social media company, taking on a part time role while longtime executive Andrew Bosworth will replace him next year.

Zuckerberg's cash fuels GOP suspicion and new election rules

Facebook founder Mark Zuckerberg donated $400 million to help fund election offices as they scrambled to deal with the coronavirus pandemic last year.

FTC official raps Facebook for booting political ads probe

A senior Federal Trade Commission official is criticizing Facebook’s move to shut down the personal accounts of two academic researchers and terminate their probe into misinformation spread through political ads on the social network.

Correction: Election Lawsuit Sanctions story

In a story published August 4, 2021, about a Colorado judge's decision to levy penalties against lawyers in a 2020 election lawsuit, The Associated Press misspelled the judge's name.

Facebook profits top $10B as its CEO exalts the 'metaverse'

Concerns about a revenue growth slowdown pushed Facebook’s shares lower in after-hours trading Wednesday, not long after the company reported that its second-quarter profits doubled thanks to a massive increase in advertising revenue.

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