Facebook giving Congress suspected Russian-linked ads

Facebook giving Congress suspected Russian-linked ads6 Hours AgoCNBC’s Julia Boorstin reports Facebook’s Mark Zuckerberg has outlined a nine-step plan to protect election integrity and make sure the company is a force for good in democracy.


Facebook giving Congress suspected Russian-linked ads6 Hours AgoCNBC’s Julia Boorstin reports Facebook’s Mark Zuckerberg has outlined a nine-step plan to protect election integrity and make sure the company is a force for good in democracy.
Facebook giving Congress suspected Russian-linked ads Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, ads, mark, facebook, congress, zuckerberg, giving, russianlinked, protect, reports, sure, ninestep, outlined, suspected, plan


Facebook giving Congress suspected Russian-linked ads

Facebook giving Congress suspected Russian-linked ads

6 Hours Ago

CNBC’s Julia Boorstin reports Facebook’s Mark Zuckerberg has outlined a nine-step plan to protect election integrity and make sure the company is a force for good in democracy.


Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, ads, mark, facebook, congress, zuckerberg, giving, russianlinked, protect, reports, sure, ninestep, outlined, suspected, plan


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Hearst CEO: This is a golden age to be a consumer of television

Hearst CEO: This is a golden age to be a consumer of television7 Hours AgoSteve Swartz, Hearst president and CEO, provides insight to the media space as new technology disrupts the industry.


Hearst CEO: This is a golden age to be a consumer of television7 Hours AgoSteve Swartz, Hearst president and CEO, provides insight to the media space as new technology disrupts the industry.
Hearst CEO: This is a golden age to be a consumer of television Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, television7, ceo, space, golden, age, consumer, media, president, provides, television, insight, hearst, technology, swartz


Hearst CEO: This is a golden age to be a consumer of television

Hearst CEO: This is a golden age to be a consumer of television

7 Hours Ago

Steve Swartz, Hearst president and CEO, provides insight to the media space as new technology disrupts the industry.


Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, television7, ceo, space, golden, age, consumer, media, president, provides, television, insight, hearst, technology, swartz


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Hearst CEO: Investing in health

Hearst CEO: Investing in health7 Hours AgoSteve Swartz, Hearst president and CEO, talks about the company’s $75 million investment in a subsidiary of Moffitt Cancer Center.


Hearst CEO: Investing in health7 Hours AgoSteve Swartz, Hearst president and CEO, talks about the company’s $75 million investment in a subsidiary of Moffitt Cancer Center.
Hearst CEO: Investing in health Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, moffitt, subsidiary, ceo, investment, investing, million, president, health, hearst, talks, swartz


Hearst CEO: Investing in health

Hearst CEO: Investing in health

7 Hours Ago

Steve Swartz, Hearst president and CEO, talks about the company’s $75 million investment in a subsidiary of Moffitt Cancer Center.


Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, moffitt, subsidiary, ceo, investment, investing, million, president, health, hearst, talks, swartz


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Subscribe for PRO


Subscribe for PRO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22
Keywords: news, games, cnbc, companies, pro, subscribe


Subscribe for PRO


Company: cnbc, Activity: cnbc, Date: 2017-09-22
Keywords: news, games, cnbc, companies, pro, subscribe


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Top performers of the 8% XLE jump

Top performers of the 8% XLE jump4 Hours AgoThe S&P Energy index has jumped over eight percent in the past month. According to our data partners at Kensho, two weeks after a similar move the top performing components of the XLE are Andeavor, Concho and Oneok. Meanwhile the XLE drops an average of a half a percent.


Top performers of the 8% XLE jump4 Hours AgoThe S&P Energy index has jumped over eight percent in the past month. According to our data partners at Kensho, two weeks after a similar move the top performing components of the XLE are Andeavor, Concho and Oneok. Meanwhile the XLE drops an average of a half a percent.
Top performers of the 8% XLE jump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, partners, oneok, weeks, month, performers, jump, past, sp, similar, xle, performing


Top performers of the 8% XLE jump

Top performers of the 8% XLE jump

4 Hours Ago

The S&P Energy index has jumped over eight percent in the past month. According to our data partners at Kensho, two weeks after a similar move the top performing components of the XLE are Andeavor, Concho and Oneok. Meanwhile the XLE drops an average of a half a percent.


Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, partners, oneok, weeks, month, performers, jump, past, sp, similar, xle, performing


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People are waking up to the fact Facebook is a monopoly: David Dietze

People are waking up to the fact Facebook is a monopoly: David Dietze1 Hour AgoMichael Graham, Canaccord Genuity, and David Dietze, Point View Wealth Management, debate whether Facebook is a buy after the social media giant agrees to share Russian-linked ads that ran on the site, with Congress.


People are waking up to the fact Facebook is a monopoly: David Dietze1 Hour AgoMichael Graham, Canaccord Genuity, and David Dietze, Point View Wealth Management, debate whether Facebook is a buy after the social media giant agrees to share Russian-linked ads that ran on the site, with Congress.
People are waking up to the fact Facebook is a monopoly: David Dietze Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, facebook, dietze, social, site, monopoly, russianlinked, share, wealth, view, david, fact, ran, waking


People are waking up to the fact Facebook is a monopoly: David Dietze

People are waking up to the fact Facebook is a monopoly: David Dietze

1 Hour Ago

Michael Graham, Canaccord Genuity, and David Dietze, Point View Wealth Management, debate whether Facebook is a buy after the social media giant agrees to share Russian-linked ads that ran on the site, with Congress.


Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, facebook, dietze, social, site, monopoly, russianlinked, share, wealth, view, david, fact, ran, waking


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Facebook settles investor lawsuit over Zuckerberg’s control of the company

Update: Facebook announced on Friday it is abandoning plans to reclassify its shares, stating “withdrawing the reclassification was in the best interests of Facebook and its shareholders.” Facebook on Friday settled a lawsuit over issuing reclassified shares that some investors argued would decrease the value of their investment. The class action shareholder lawsuit was intended to block Facebook from issuing reclassified C shares, which some investors argued could cause shares to lose billions


Update: Facebook announced on Friday it is abandoning plans to reclassify its shares, stating “withdrawing the reclassification was in the best interests of Facebook and its shareholders.” Facebook on Friday settled a lawsuit over issuing reclassified shares that some investors argued would decrease the value of their investment. The class action shareholder lawsuit was intended to block Facebook from issuing reclassified C shares, which some investors argued could cause shares to lose billions
Facebook settles investor lawsuit over Zuckerberg’s control of the company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: michelle castillo, justin sullivan, getty images
Keywords: news, games, cnbc, companies, facebook, value, company, issuing, settles, shares, voting, investor, reclassified, zuckerberg, control, scheduled, lawsuit, zuckerbergs


Facebook settles investor lawsuit over Zuckerberg's control of the company

Update: Facebook announced on Friday it is abandoning plans to reclassify its shares, stating “withdrawing the reclassification was in the best interests of Facebook and its shareholders.” Read more here.

Facebook on Friday settled a lawsuit over issuing reclassified shares that some investors argued would decrease the value of their investment.

The class action shareholder lawsuit was intended to block Facebook from issuing reclassified C shares, which some investors argued could cause shares to lose billions of dollars of value when they were traded. The new C shares would be publicly listed but come with no voting rights.

The new classification allows Facebook CEO Mark Zuckerberg to keep voting control of the company, even if he decided to lower his total ownership stake. The lawsuit said the new structure means that Zuckerberg could own as little as 2 percent of the company and still keep voting control.

In a note on Facebook in April 2016, Zuckerberg wrote the plan was created in order to allow him and his wife Priscilla Chan to donate money to solving global issues like curing diseases, improving education and climate change. It would also still allow him to stay “committed” to improving and leading Facebook, including helping the company grow internet access around the world, improve its artificial intelligence and develop virtual and augmented reality.

The trial was scheduled to begin September 22, and Zuckerberg was scheduled to take the stand. The settlement terms were not revealed.

Other people who were expected to testify include Facebook board members Marc Andreessen, CEO of the Bill & Melinda Gates Foundation Susan Desmond-Hellmann, and former White House chief of staff Erskine Bowles.


Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: michelle castillo, justin sullivan, getty images
Keywords: news, games, cnbc, companies, facebook, value, company, issuing, settles, shares, voting, investor, reclassified, zuckerberg, control, scheduled, lawsuit, zuckerbergs


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Trump calls Facebook Russia ads ‘a hoax’

Trump calls Facebook Russia ads ‘a hoax’4 Hours AgoPresident Donald Trump said that political ads bought by fake Facebook accounts in Russia is the latest chapter in the “hoax” of Russian election meddling.


Trump calls Facebook Russia ads ‘a hoax’4 Hours AgoPresident Donald Trump said that political ads bought by fake Facebook accounts in Russia is the latest chapter in the “hoax” of Russian election meddling.
Trump calls Facebook Russia ads ‘a hoax’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, hours, facebook, hoax, russian, political, latest, hoax4, trump, calls, ads, russia, meddling


Trump calls Facebook Russia ads 'a hoax'

Trump calls Facebook Russia ads ‘a hoax’

4 Hours Ago

President Donald Trump said that political ads bought by fake Facebook accounts in Russia is the latest chapter in the “hoax” of Russian election meddling.


Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: getty images, brendan mcdermid, scott eells, bloomberg, kevin lamarque, irfan khan, los angeles times, carlos garcia rawlins, taylor hill, filmmagic
Keywords: news, games, cnbc, companies, hours, facebook, hoax, russian, political, latest, hoax4, trump, calls, ads, russia, meddling


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Amazon’s restaurant delivery service still needs to solve one major problem

Amazon showed it remains committed to the restaurant delivery business Friday by announcing a new partnership with Olo, a restaurant ordering software maker. The partnership will give Amazon access to the thousands of restaurant customers using Olo’s software, potentially opening up a huge untapped market for Amazon Restaurants, its food delivery service. But for Amazon Restaurants to really grow, it may first need to solve one major concern: It’s too expensive. That means Amazon charges restaur


Amazon showed it remains committed to the restaurant delivery business Friday by announcing a new partnership with Olo, a restaurant ordering software maker. The partnership will give Amazon access to the thousands of restaurant customers using Olo’s software, potentially opening up a huge untapped market for Amazon Restaurants, its food delivery service. But for Amazon Restaurants to really grow, it may first need to solve one major concern: It’s too expensive. That means Amazon charges restaur
Amazon’s restaurant delivery service still needs to solve one major problem Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: eugene kim, getty images
Keywords: news, games, cnbc, companies, grubhub, solve, market, 30, restaurant, problem, delivery, major, amazons, amazon, service, restaurants, rate, partnership, needs, food


Amazon's restaurant delivery service still needs to solve one major problem

Amazon showed it remains committed to the restaurant delivery business Friday by announcing a new partnership with Olo, a restaurant ordering software maker.

The partnership will give Amazon access to the thousands of restaurant customers using Olo’s software, potentially opening up a huge untapped market for Amazon Restaurants, its food delivery service. GrubHub, the leader in this space, saw its stock drop by as much as 7 percent after the announcement.

But for Amazon Restaurants to really grow, it may first need to solve one major concern: It’s too expensive.

According to Cowen & Co. analyst Thomas Champion, some investors have expressed concerns over Amazon Restaurants’ high take rate, which is reported to be close to 30 percent. That means Amazon charges restaurants 30 cents for every dollar made from each food delivery.

Amazon didn’t immediately respond to a request for comment.

The 30 percent take rate is substantially higher than what some of the competitors in the food delivery space charge. The NY Post reported last year that market leaders such as GrubHub and Seamless charge somewhere between 12 and 24 percent, while upstarts such as DoorDash and Postmates have a take rate in the range of 15 to 23 percent.

In fact, Ruby Tuesday, which is running a pilot program with Amazon Restaurants, said in its most recent earnings call that Amazon’s food delivery program is indeed costly. Ruby Tuesday CEO James Hyatt pointed out it’s something every restaurant will have to test before deciding if they should build their own delivery network or not.

“It is a little expensive,” Hyatt said, referring to delivery programs by Amazon, Uber and Lyft. “It is a bite of the apple there for sure, and it seems to be something that every brand is going to have to measure right now, which I think you see some of the brands determining that they want to make that an internal mechanism instead of using a third-party.”

Amazon may be able to lower its take rate once it reaches broader scale, and its partnership with Olo could be one way to solve the problem.

But Cowen’s Champion said it shouldn’t be a major concern to incumbents such as GrubHub, at least for now, pointing out that Amazon Restaurants is still only the fifth-most-used delivery service with less than a third of GrubHub’s usage, based on a recent survey.

“It remains an expansive $40 billion-plus market in the US, with solid growth characteristics. We expect the delivery market to remain competitive and we think GrubHub will compete just fine,” he wrote.


Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: eugene kim, getty images
Keywords: news, games, cnbc, companies, grubhub, solve, market, 30, restaurant, problem, delivery, major, amazons, amazon, service, restaurants, rate, partnership, needs, food


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Facebook cancels plan to change ownership share structure

Under investor pressure, Facebook is squashing a proposed ownership structure that would allow CEO Mark Zuckerberg to retain voting control of the company — even as he sold millions of his shares of company stock. Investors argued that the proposed ownership structure could cause them to lose billions of dollars of value when the shares traded. “Facebook’s board determined that withdrawing the reclassification was in the best interests of Facebook and its shareholders,” a spokesperson told CNBC


Under investor pressure, Facebook is squashing a proposed ownership structure that would allow CEO Mark Zuckerberg to retain voting control of the company — even as he sold millions of his shares of company stock. Investors argued that the proposed ownership structure could cause them to lose billions of dollars of value when the shares traded. “Facebook’s board determined that withdrawing the reclassification was in the best interests of Facebook and its shareholders,” a spokesperson told CNBC
Facebook cancels plan to change ownership share structure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: michelle castillo, david paul morris, bloomberg, getty images
Keywords: news, games, cnbc, companies, facebook, company, cancels, shares, ownership, change, voting, stock, proposed, share, shareholders, zuckerberg, control, structure, board, plan


Facebook cancels plan to change ownership share structure

Under investor pressure, Facebook is squashing a proposed ownership structure that would allow CEO Mark Zuckerberg to retain voting control of the company — even as he sold millions of his shares of company stock.

Last year, some shareholders filed a class action lawsuit to block Facebook from issuing reclassified C shares, which would allow Zuckerberg to maintain voting control of the company even as he sold off most of his shares to support philanthropic causes.

The proposed C shares would be publicly listed but come with no voting rights. Investors argued that the proposed ownership structure could cause them to lose billions of dollars of value when the shares traded.

“Facebook’s board determined that withdrawing the reclassification was in the best interests of Facebook and its shareholders,” a spokesperson told CNBC via email.

Zuckerberg said in a post on Facebook that the company’s stock has performed better than expected, making it unnecessary for the company issue reclassified shares.

“Over the past year and a half, Facebook’s business has performed well and the value of our stock has grown to the point that I can fully fund our philanthropy and retain voting control of Facebook for 20 years or more,” he wrote. “As a result, I’ve asked our board to withdraw the proposal to reclassify our stock — and the board has agreed.” He also said that we would sell between 35 million and 75 million shares in the company over the next 18 months to support philanthropic efforts.

It was reported earlier that Facebook had settled the lawsuit, but the company announced it will abandon the plan instead.

“We are gratified that Facebook and Mr. Zuckerberg have agreed not to proceed with the reclassification we were challenging,” Lee Rudy, partner at Kessler Topaz Meltzer & Check LLP which was representing the shareholders, said in a statement. “This result is a full victory for Facebook’s stockholders, and achieved everything we could have hoped to obtain by winning a permanent injunction at trial.”


Company: cnbc, Activity: cnbc, Date: 2017-09-22  Authors: michelle castillo, david paul morris, bloomberg, getty images
Keywords: news, games, cnbc, companies, facebook, company, cancels, shares, ownership, change, voting, stock, proposed, share, shareholders, zuckerberg, control, structure, board, plan


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