Facebook Inc. on Thursday is officially changing its name to Meta, according to CEO Mark Zuckerberg, coming after the social media giant recently endured leaks and so-called whistleblower complaints about its companywide practices. “Building social apps will always be important for us, and there’s a lot more to build. But increasingly, it’s not all we…
Mark Zuckerberg Announces He’s Renaming Facebook to ‘Meta’
October 28, 2021
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Futures Rise on Positive Earnings; GDP Data Awaited
October 28, 2021
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U.S. stock index futures edged higher on Thursday, led by gains in Caterpillar, Merck, and Ford after upbeat quarterly earnings, while investors awaited data that will likely throw light on the pace of the economic recovery. The Commerce Department’s advance gross domestic product report, due at 08:30 a.m. ET, will likely show the U.S. economy…
World Shares Retreat, Chilled by Decline on Wall Street
October 28, 2021
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Shares slipped Thursday in Europe and Asia after a retreat on Wall Street pulled the S&P 500 and the Dow Jones Industrial Average back from their latest record highs. Shares fell in London, Frankfurt, Tokyo, and Shanghai but rose in Paris. A steady flow of corporate report cards continues Thursday with industrial bellwether Caterpillar and…
Calfornia Man Arrested for Threatening Rep. Matt Gaetz: Officials
A California man was arrested for allegedly making a death threat against Rep. Matt Gaetz (R-Fla.) earlier this year following the Jan. 6 Capitol breach. Officials arrested Eugene Huelsman, 58, of Thousand Oaks, California, several days ago, officials told Politico. During a court hearing last week, Huelsman was released by a federal magistrate judge in Los…
California Man Arrested for Threatening Rep. Matt Gaetz: Officials
A California man was arrested for allegedly making a death threat against Rep. Matt Gaetz (R-Fla.) earlier this year following the Jan. 6 Capitol breach. Officials arrested Eugene Huelsman, 58, of Thousand Oaks, California, several days ago, officials told Politico. During a court hearing last week, Huelsman was released by a federal magistrate judge in Los…
Twitter Avoids Revenue Hit From Apple Privacy Changes
October 27, 2021
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Twitter Inc. on Tuesday reported its quarterly revenue grew 37 percent and avoided the brunt of Apple Inc. privacy changes on advertising that hobbled its rivals, sending its shares up 3 percent. The social networking site has been working to add new features such as audio chat rooms to attract users, and also rolled out…
Stocks Run out of Steam on Regulation Worries, Higher Yields
October 27, 2021
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LONDON—A flare up in U.S.–China tensions, signs of further regulatory crackdowns from Beijing, and a rise in short-dated U.S. Treasury yields doused the equity market rally on Wednesday, offsetting tailwinds from forecast-beating earnings on Wall Street. MSCI’s global equity benchmark is hovering close to Monday’s seven-week high and is on track for the best month…
Asian Stocks Fall After Australia Inflation Accelerates
October 27, 2021
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BEIJING—Asian stock markets fell Wednesday after Australian inflation increased, highlighting global pressure for prices to rise, while investors looked ahead to U.S. economic growth data due out this week. Shanghai, Tokyo, and Hong Kong all retreated. Wall Street’s S&P 500 index rose 0.2 percent on Tuesday to its second high in two days, driven by…
Billionaires Reid Hoffman, George Soros Back Public Benefit Corporation That Will Fund Anti-Disinformation Media Companies
October 27, 2021
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Billionaires Reid Hoffman and George Soros are backing a public benefit corporation that will provide funding to new media companies aimed at tackling disinformation online and restoring social trust. Good Information Inc. launched on Tuesday and is being led by former Democratic strategist Tara McGowan who previously ran a progressive non-profit called ACRONYM, which was backed by LinkedIn founder Hoffman. Others contributing…
Billionaires Back Public Benefit Corporation That Will Fund ‘Anti-Disinformation’ Media Companies
October 27, 2021
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2020 ElectionsBusiness & EconomyCompaniesdemocracydisinformationDonald TrumpMedia & Big TechVoter Fraud
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Billionaires Reid Hoffman and George Soros are backing a public benefit corporation that will provide funding to new media companies aimed at tackling disinformation online and restoring social trust. Good Information Inc. launched on Tuesday and is being led by former Democratic strategist Tara McGowan who previously ran a progressive non-profit called ACRONYM, which was backed by LinkedIn founder Hoffman. Others contributing…
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