Facebook parent settles suit in Cambridge Analytica scandal
Facebook’s corporate parent has reached a tentative settlement in a lawsuit alleging the world’s largest social network service allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s victorious presidential campaign in 2016.
Parler wants an apology from Facebook COO Sheryl Sandberg after a report said the FBI found little evidence the Capitol riot was a coordinated attack
Sandberg said the attack was planned on other platforms, such as Parler, the "free speech" app that conservatives flocked to after the election.
news.yahoo.comMelinda Gates says philanthropy, government work best united
FILE - Melinda Gates attends a meeting at the G-7 Finance in Chantilly, north of Paris, on Thursday, July 18, 2019. Philanthropy is in a unique position to speed global change, but government action is necessary to implement it, Melinda Gates, co-chair of the Bill & Melinda Gates Foundation, said Wednesday, March 17, 2021. (AP Photo/Michel Euler, file)NEW YORK – Philanthropy is in a unique position to speed global change, but government action is necessary to implement it, Melinda Gates, co-chair of the Bill & Melinda Gates Foundation, said Wednesday. Facebook will now offer family members of domestic violence victims up to 20 days of paid leave. “It’s a horrific number and that’s before coronavirus where we know that domestic violence is spiking ….
Facebook COO announces free training for Michigan small businesses in Detroit talk
Before the Zoom talk, Sandberg met nine owners of Detroit businesses ranging from skin care to tea. She said Facebook provided social media training to 100 million small businesses, including one million woman-owned businesses, in 2020. Sandberg announced Boost with Facebook is coming to Michigan this month in partnership with the Small Business Association of Michigan. The Boost with Facebook program gives business owners marketing, advertising and data analysis tools for Facebook, Instagram and WhatsApp. To register for a webinar focused on how to raise online awareness, small business owners can go to Small Business Association of Michigan’s website or Facebook page.
mlive.comSandberg says U.S. Capitol riot was 'largely' not organized on Facebook
Sheryl Sandberg, Facebook COO testifies during a Senate (Select) Intelligence Committee hearing where they testified on the influence of foreign operations on social media on September 5, 2018. Facebook COO Sheryl Sandberg on Monday said that the insurrection at the U.S. Capitol last week was largely organized on other internet services, not on Facebook. "We again took down QAnon, Proud Boys, Stop the Steal, anything that was taking about possible violence last week," Sandberg said in a live-streamed interview with Reuters. I think these events were largely organized on platforms that don't have our abilities to stop hate, don't have our standards and don't have our transparency." But there were still plenty of groups who were able to post on Facebook about storming the Capitol building before the riots last week.
cnbc.comGoogle and Facebook reportedly agreed to help each other against potential antitrust action
Facebook Chief Operating Officer Sheryl Sandberg speaks on stage during Facebook session at the Cannes Lions 2019 : Day Three on June 19, 2019 in Cannes, France. Google and Facebook pledged to help one another if they ever faced an investigation into their pact to work together in online advertising, according to a report from The Wall Street Journal on Tuesday. The story is based on an unredacted version of a lawsuit filed by 10 U.S. states against Google last week that was seen by the Journal. Google and Facebook reportedly made a deal in September 2018 in which Facebook agreed not to compete with Google's online advertising tools. The lawsuit reportedly states that Google and Facebook knew their deal could result in antitrust investigations.
cnbc.comFacebook's Sandberg says government shouldn't approve mergers and revoke them later
Facebook COO Sheryl Sandberg recently argued against the two antitrust lawsuits filed this week that could result in the divestment of Instagram and WhatsApp, saying that Facebook's 2012 and 2014 acquisitions were already cleared by by the U.S. government. Sandberg also argued against the notion that Facebook does not face competition. "There's our services but there's iMessage, there's TikTok, there's Snapchat, many of which have grown very big, very quickly," Sandberg said. "I can't get my own kids to post on Instagram because they're so busy on Snapchat and TikTok. You know, if you want to get electricity today for your home, you've got one choice, but you've got lots of choice for your time and attention."
cnbc.comHere's how tech's most valuable companies have performed under Trump
(L-R) Amazon's chief Jeff Bezos, Larry Page of Alphabet, Facebook COO Sheryl Sandberg, Vice President-elect Mike Pence and President-elect Donald Trump at Trump Tower December 14, 2016. Similarly, the day before they announced results in July, the CEOs of Google, Facebook, Amazon and Apple spent hours answering questions from the House Antitrust Committee about their power and influence. Microsoft kicked off reporting on Tuesday, disclosing 12% revenue growth, beating analysts' estimates, though its outlook was a bit light. Analysts expect second-quarter sales growth of 33% from a year earlier, despite the pandemic. However, sales growth has slowed every year, from 47% in 2017 to a projected 14% this year.
cnbc.com1 in 4 women are considering downshifting their careers or leaving the workforce due to the coronavirus
In its newly released "Women in the Workplace" report, Lean In and McKinsey & Company found that one in four women are considering downshifting their careers or leaving the workforce due to the impact of Covid-19. "This is the most alarming report we've ever seen," Facebook's chief operating officer and Lean In founder Sheryl Sandberg tells CNBC Make It. For the first time in the six years the report has been done, Lean In and McKinsey and Company researchers are seeing evidence of women leaving the workforce at higher rates than men. In the previous six years of this study, data has shown women and men leaving their companies at similar rates. "You know, mothers are spending 20 more hours a week on housework and child care during coronavirus than fathers.
cnbc.comFacebook pledges $40M for small businesses, introduces new fundraising tools and digital gift cards
Facebook announced Thursday new updates to its small-business grant program introduced on March 17, including $40 million in grants for small businesses. The grants will go to 10,000 U.S. small businesses in 34 locations that Facebook employees live and work. Facebook's new digital gift cards are available starting Thursday in the U.S. Facebook says Instagram is also working on offering digital gift cards. According to a survey by Goldman Sachs, 96% of U.S. small businesses say they have been affected by COVID-19. "Small businesses are the heartbeat of their communities.
monroenews.comFacebook expects to add 10,000 workers in product and engineering this year, says COO Sheryl Sandberg
Facebook Chief Operating Officer Sheryl Sandberg speaks on stage during Facebook session at the Cannes Lions 2019 : Day Three on June 19, 2019 in Cannes, France. Facebook COO Sheryl Sandberg on Thursday told CNBC that the social media company expects to hire an additional 10,000 people for its product and engineering teams by the end of 2020. Sandberg also announced that starting on Thursday the company will make it possible for small businesses to sell gift cards to customers through Facebook. Additionally, the social network is also now allowing small businesses to run fundraisers on Facebook, Sandberg said. Most notably, the company launched a $100 million program to support small businesses, with ad credits and cash grants.
cnbc.comFacebook's Sandberg: Learning from our mistakes prepared us to deal with the coronavirus
Facebook COO Sheryl Sandberg on Wednesday said the company's lessons learned from its numerous mistakes over the past couple of years has prepared it to deal with the crises caused by the coronavirus pandemic. From 2017 through 2019, Facebook dealt with a conga line of scandals. Now, in the wake of the coronavirus pandemic, Sandberg said Facebook is doing its best to move as quickly as possible. Over the past two months, Facebook has taken a number of steps to address the coronavirus pandemic. The company has met with the World Health Organization and tech leaders to discuss what solutions Silicon Valley can offer.
cnbc.comTwitter's withdrawn forecast is an ominous sign for online ads
But the company's economic engine is advertising, which is often one of the first items that businesses cut during a financial downturn. Across California, New York and other states, restaurants and hotels have closed or drastically reduced their operations. Airlines are reportedly considering a voluntary shutdown, events and concerts have been canceled and retailers have shut their stores and moved all commerce online. In early February, Twitter said first-quarter sales would be between $825 million and $885 million. He added in a note on Tuesday that in the near term, TV ad revenue will be "relatively better insulated than online revenues."
cnbc.comFacebook announces $100 million program for small businesses impacted by coronavirus
Facebook on Tuesday announced a $100 million program to help small businesses as governments throughout the country urge gyms and restaurants to close their doors to slow the coronavirus pandemic. Facebook said the grants will be available for up to 30,000 eligible small businesses in over 30 countries. It could help businesses experiencing a sharp drop in traffic, but it's a fraction of Facebook's typical revenue. The company said the program can help businesses with rent and operational costs, maintaining workforce and connecting with customers. Facebook has long prided itself on being a place where small businesses can market their services at an affordable price by targeting a small, relevant group of users.
cnbc.comSheryl Sandberg says Facebook wants to help small businesses pay workers and move online amid COVID-19 crisis
Sheryl Sandberg, Facebook's operating chief, said on Tuesday that the company will do what it can to help its employees and small businesses as the coronavirus spreads and wreaks havoc on the economy. "We're going to keep responding to the need that we see," Sandberg told CNBC's Jim Cramer on "Mad Money." Sandberg's comments came after Facebook announced that it's launching a $100 million program to help 30,000 small businesses around the world, while giving its nearly 45,000 full-time employees $1,000 bonus to pay for their remote work supplies or unexpected childcare costs. The company also plans to give every employee the highest possible performance review rating, maximizing their bonuses for the first half of 2020, she said. "We want to communicate it's safer to be at home," Sandberg said.
cnbc.comFacebook's Sandberg: No one knows how much impact coronavirus will have on marketing industry
Sheryl Sandberg, Facebook COO testifies during a Senate (Select) Intelligence Committee hearing where they testified on the influence of foreign operations on social media on September 5, 2018. Facebook chief operating officer Sheryl Sandberg on Monday said no one knows how big the impact coronavirus will on the marketing industry. "We know that we can keep paying our employees, paying our contractors, we know we can keep the lights on," Sandberg said. Sandberg added that it's Facebook's priority to protect its employees by having them work from home while keeping its services up and running for its users. Around the world, there are more than 181,000 cases of the coronavirus with at least 7,113, according to Johns Hopkins University.
cnbc.comFacebook names two women to its board, nearing gender parity
Facebook announced Monday that Nancy Killefer and Tracey Travis are joining the company's board of directors, boosting its female presence to 40%. Travis will serve as a member of the Audit & Risk Oversight Committee of the Board, effective March 9, 2020. Killefer and Travis will join existing board members Facebook COO Sheryl Sandberg and PayPal's senior vice president of core markets Peggy Alford, bringing the total number of women to four. "We have a lot we need to get done in the coming years and I think their experience is going to be very valuable," Facebook CEO Mark Zuckerberg said in a press release. Dropbox CEO Drew Houston joined the company's board in February.
cnbc.comFacebook's Sheryl Sandberg defends her company and her reputation in wide-ranging interview
Facebook Chief Operating Officer Sheryl Sandberg speaks during an event on the sidelines of the World Economic Forum in Davos, Switzerland January 23, 2019. I think I'm a very fair boss. But I'm demanding," Sandberg said in an interview with "Byers Market," the new NBC News podcast that made its debut Thursday. "We don't spend that much time worrying about our public image," she added. Sandberg defended Facebook's decision not to fact-check political advertising and talked about its efforts to combat Russian election meddling.
cnbc.comFacebook's Sheryl Sandberg gets engaged
REUTERS/Yana Paskova(Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg on Monday announced her engagement to the head of a consulting firm. Sandberg, 50, posted a picture of her and Tom Bernthal, the co-founder and chief executive officer of consulting firm Kelton Global, on her Instagram and Facebook profiles. Among the first to congratulate was Facebook Chief Executive Officer and long-time friend Mark Zuckerberg. Sandberg lost her husband, Dave Goldberg, who headed SurveyMonkey, in 2015 to a treadmill accident. Bernthal had previously worked in the White House under President Bill Clinton and for NBC News, where he was an Emmy Award-winning television producer.
feeds.reuters.comBoth Facebook and Twitter are getting it wrong when it comes to political ads
Political ads make up such a tiny fraction of their revenues, both CEOs have said, that this is a matter of principle, not profit. But here's the subtext: Political advertising matters much less to Twitter than Facebook because political advertisers already leaned much more heavily on Facebook to get their messages out. For Twitter, shirking political ads is a relatively easy way to stir up headlines and gain praise from prominent Democrats, while sticking it to a competitor. Middle groundDespite Facebook and Twitter's slippery slope arguments, the solution to fair digital political advertising doesn't need to lie in the extremes, according to half a dozen political advertising researchers interviewed for this article. Current and past political ads are available in a searchable archives on Facebook and other platforms, however.
cnbc.comSheryl Sandberg declines to endorse Elizabeth Warren for president, but hints at support
Facebook COO Sheryl Sandberg opened up, just a bit, Tuesday about her 2020 political views at Vanity Fair's New Establishment Summit. In an interview with Katie Couric, Sandberg declined multiple times to put her support behind Sen. Elizabeth Warren, but acknowledged she is likely to support the Democratic nominee and would like her kids to see a woman president. "I imagine I will support a Democratic nominee," Sandberg told Couric. "I have spoken for many years about my desire for my daughter and yours to see a woman as president." Asked Tuesday to elaborate on what Zuckerberg meant by that, Sandberg said, "we'll have to see."
cnbc.comHouse committee wants Zuckerberg, Sandberg to testify on Libra
(CNN) - Congress is concerned about Facebook's Libra cryptocurrency, and one committee wants to question the folks in charge: Both Mark Zuckerberg and Sheryl Sandberg have been asked to testify before the House Financial Services Committee about Facebook's plans for Libra. Facebook has said Libra will be governed by an independent, third-party organization, the Libra Association, though many of that group's member companies have ties to Facebook. Facebook and the Libra Association have promised not to launch Libra until these regulatory concerns are addressed. Marcus is also among the few initial leaders of the Libra Association. That same month, privacy regulators from around the world including FTC Commissioner Rohit Chopra sent a letter to the Libra Association companies asking how Libra users' privacy will be protected.
Want a job? Ramit Sethi says not to do this. Plus, career advice from Mark Cuban, Sheryl Sandberg, Suzy Welch and Mika Brzezinski
Ramit Sethi: Doing this won't get you a jobRamit Sethi Jemal Countess | Getty Images Entertainment | Getty ImagesNo responses to the resumes you send out? Sheryl Sandberg: Speak upSheryl Sandberg David A. Grogan | CNBCDon't wait to become a leader, Sheryl Sandberg tells young women just starting out in the work world. "You can make a difference from your first day in the office," said Sandberg, COO of Facebook and author of "Lean In: Women, Work, and the Will to Lead." "Don't stress about your first job," Cuban said. Suzy Welch: Make your boss love youSuzy Welch Adam Jeffery | CNBCMika Brzezinski: Develop your voice
cnbc.comThe White House is hosting a social media summit as Trump bashes tech companies again
Four hours after President Donald Trump took another swipe at Big Tech, the White House announced Wednesday it will hold a summit on social media on July 11. Trump also said tech companies should be sued for what he claimed was their bias against conservatives. In May, the White House launched a social media survey that asked people to report instances of social media bias. Trump and other conservatives aren't the only ones criticizing tech companies. Democratic presidential candidate Sen. Elizabeth Warren has called for the breakup of large tech companies like Amazon, Facebook, Google and Apple.
cnbc.comSilicon Valley pays tribute to David Goldberg
"This is the biggest loss since Steve Jobs," said Marc Benioff, a friend of the late David Goldberg. Goldberg, the CEO of SurveyMonkey and husband of Facebook COO Sheryl Sandberg, died Friday after slipping on a treadmill. Elaine Quijano reports on the memorial service held for Goldberg at Stanford University.
cbsnews.comMexico resort questions tech CEO David Goldberg accident report
Survey Monkey CEO David Goldberg, husband of Facebook COO Sheryl Sandberg, suffered a deadly head injury during a family vacation last Friday. But as Elaine Quijano reports, the Four Seasons resort is raising questions about the circumstances of his death.
cbsnews.com#LeanInTogether campaign seeks men's support for gender equality
#LeanInTogether campaign seeks men's support for gender equality Sheryl Sandberg's best-selling book "Lean In" is inspiring a new initiative. Celebrities, athletes and politicians are taking to social media with the hashtag "#LeanInTogether." Sandberg is a guest editor for the new issue of Cosmopolitan, which devotes a special section to her expanding campaign. Cosmopolitan editor-in-chief Joanna Coles joins "CBS This Morning" to discuss the campaign.
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