Facebook removes political influence operations from China and Russia

Onur Dogman | Lightrocket | Getty Images Facebook parent company Meta said it took down two unconnected networks of accounts based in China and Russia seeking to influence political narratives in the U.S. and Europe. The platform regularly searches for and removes accounts it believes to have violated its policy against coordinated inauthentic behavior. Such … Read more

This Big Tech FAANG stock looks ‘very attractive,’ asset manager says

One Big Tech stock looks “very attractive” in the medium term, according to Neil Veitch, investment director at SVM Asset Management. That’s Alphabet , a firm he says is his favorite of the FAANG stocks — a grouping which includes Facebook-parent Meta , Amazon , Apple , Netflix and Google-parent Alphabet . “[Alphabet has] all … Read more

Tech stocks notch worst two-week stretch since the start of pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq Composite tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it … Read more

Google CEO Pichai fields questions on cost cuts at all-hands meeting

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on … Read more

Dow down nearly 500 points as Fed decision looms over market

U.S. stocks finished lower on Tuesday as Treasury yields climbed and traders appeared skittish about opening new long positions ahead of the conclusion of the Federal Reserve’s September policy meeting. What happened The Dow Jones Industrial Average DJIA dropped 313.45 points, or 1%, to close at 30,706.23, after falling nearly 550 points earlier in the … Read more

Here’s Bret Taylor’s first big technical move at Salesforce as co-CEO

Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Nathan Laine | Bloomberg | Getty Images Ten months after his promotion to co-CEO of Salesforce, serving alongside famed founder Marc Benioff, Bret Taylor is gearing up to take the stage at the annual Dreamforce conference for the … Read more

Weekend reads: This may cause the next financial crisis

The Federal Reserve invigorated the economy before and during the coronavirus pandemic by purchasing Treasury bonds. The central bank was the main purchaser of newly issued U.S. debt and created trillions of new dollars while doing so. The Fed is now allowing its securities portfolio to run off as bonds mature as part of its … Read more

Facebook stock falls to yet another ignominious level

Facebook was a member of the exclusive $1 trillion club a year ago, but it’s fallen a long way since then. Now named Meta Platforms Inc. META, -2.18%, the company saw its market value fall below $400 billion Friday for the first time since Jan. 7, 2019, according to Dow Jones Market Data. Meta’s valuation … Read more