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What's Next For Facebook and Zuckerberg?
Facebook, Inc. (NASDAQ: FB) shares continue to trade within striking distance of their 52-week low of $149.02 after a new data breach involving 50 million users was disclosed. This has some investors questioning what's next for the stock — and even the future of CEO Mark Zuckerberg amid some calls for him to resign. Board Member: 'Drive And Leadership' Dr.
Baidu Opens the Kimono on It’s ‘Xuperchain’ Blockchain Project
After unveiling their “Super Chain” blockchain protocol back in June, Chinese internet giant Baidu recently released plans for a “Xuperchain” blockchain network, reports Coindesk: Chinese search giant Baidu has officially released a white paper through its new Blockchain Lab for its proposed XuperChain network. The company claims XuperChain will support more than 10,000 transactions per second through inter-chain parallel technology
Jeff Bezos Caves to Criticism and Raises Amazon's Minimum Wage
About a month after U.S. Senator Bernie Sanders publicly criticized Amazon for underpaying its warehouse workers, Amazon announced on Tuesday that it will be raising the minimum wage for all U.S. employees to $15 per hour. The pay raise will cover all full-time, temporary and seasonal employees. It will go into effect on Nov. 1. “We listened to our critics,
New York City is Pouring Up to $100 Million into Building a Global Cyber Security Hub
The New York City Economic Development Corporation (NYCEDC) has announced a massive initiative called Cyber NYC that aims to turn the city into "a global leader of cybersecurity innovation and talent." At the center of the initiative will be the launch of a Global Cyber Center, which the NYCEDC is calling "an innovation hub for startups, initiatives to fuel commercialization
Google Has Relaxed its Ban on Cryptocurrency Ads in the U.S. and Japan
Nearly four months after it banned all ads related to cryprotocurrencies and related content, Google announced that it will begin allowing cryptocurrency exchange advertisements in the U.S. and Japan. In an update to its financial products and services policy, Google indicated that it will "allow regulated cryptocurrency exchanges" to advertise in the two countries, effective in October. Advertisers will need
Tesla, Elon Musk Remain Mum on Settlement With S.E.C. as Shares Rebound
Although Elon Musk and Tesla reached a $20-million settlement with the Securities and Exchange Commission over the weekend after the government agency had sued Musk last week for tweeting about taking Tesla private, neither he nor his company had issued a statement about the settlement as of Monday afternoon. Despite Musk and Tesla staying quiet about the settlement, Tesla's shares
Tesla Endgame Here Amid Signs Akin to Valeant and Enron: Chanos
From Stanphyl Capital’s September letter to investors We remain short shares of (and long put options and short call options in) Tesla, Inc. (TSLA), which I consider to be the biggest single stock bubble in this whole bubble market—a company so landmine-filled that I think it can implode at any moment regardless of what the broad market does. To reiterate
Digging Deeper Into the Recovery After the Global Financial Crisis
  Post-Crisis Reflections on Europe The U.S. Housing Market Finds a New Normal   Vaibhav Tandon reflects on the eurozone’s experience since the financial crisis. I attained my bachelor’s degree in foreign trade in 2008. I got hooked on economics in college, as I was attracted by the prospect of learning a science that could explain human behavior and offer
Facebook Says Hackers May Have Accessed 50M Accounts in Security Breach
Facebook announced on Friday that hackers may have accessed about 50 million accounts in another security breach. The company said in a blog post "it’s clear that attackers exploited a vulnerability in Facebook’s code that impacted “View As," which is a feature on the platform that allows a user to see how their own profile looks to others on Facebook.
Was Elon Musk Trying to Make a Marijuana Joke to Impress His Girlfriend When He Sent His Infamous Tweet?
A day after the Securities and Exchange Commission sued Elon Musk, Tesla's stock plunged 12 percent and shareholders were faced with their "worst case scenario": Musk being ousted from the company he founded. Bloomberg is reporting that the S.E.C. had actually offered Musk and Tesla a way out of this mess by proposing a deal "that would have allowed him