Facebook’s Sheryl Sandberg responds to New York Times investigation

Facebook Chief Operating Officer Sheryl Sandberg on Thursday night responded to a New York Times report that described how the company ignored and then tried to conceal Russia’s use of the social network to disrupt the 2016 U.S. election. In a Facebook post, Sandberg acknowledged that she and founder Mark Zuckerberg were “too slow” to respond to the Russian interference on the site. Nothing could be more important to me or to Facebook,” Sandberg added. Facebook executives, including former Chief


Facebook Chief Operating Officer Sheryl Sandberg on Thursday night responded to a New York Times report that described how the company ignored and then tried to conceal Russia’s use of the social network to disrupt the 2016 U.S. election. In a Facebook post, Sandberg acknowledged that she and founder Mark Zuckerberg were “too slow” to respond to the Russian interference on the site. Nothing could be more important to me or to Facebook,” Sandberg added. Facebook executives, including former Chief
Facebook’s Sheryl Sandberg responds to New York Times investigation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: saheli roy choudhury, david a grogan, -sheryl sandberg, chief operating officer
Keywords: news, cnbc, companies, facebooks, officer, russian, investigation, responds, zuckerberg, times, tried, facebook, prevent, sheryl, york, report, sandberg


Facebook's Sheryl Sandberg responds to New York Times investigation

Facebook Chief Operating Officer Sheryl Sandberg on Thursday night responded to a New York Times report that described how the company ignored and then tried to conceal Russia’s use of the social network to disrupt the 2016 U.S. election.

In a Facebook post, Sandberg acknowledged that she and founder Mark Zuckerberg were “too slow” to respond to the Russian interference on the site.

“But to suggest that we weren’t interested in knowing the truth, or we wanted to hide what we knew, or that we tried to prevent investigations, is simply untrue,” she said.

“The allegations saying I personally stood in the way are also just plain wrong. This was an investigation of a foreign actor trying to interfere in our election. Nothing could be more important to me or to Facebook,” Sandberg added.

Her remarks came after an extensively reported New York Times article on Wednesday that described how Zuckerberg and Sandberg downplayed internal efforts to assess the Russian misinformation campaigns, and then tried to deflect public scrutiny onto Facebook’s competitors instead.

Facebook executives, including former Chief Security Officer Alex Stamos, countered some of the claims made in the Times’ report. The tech company’s board called the claims that Zuckerberg and Sandberg knew about the Russian interference and tried to ignore it or prevent investigations “grossly unfair.”


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: saheli roy choudhury, david a grogan, -sheryl sandberg, chief operating officer
Keywords: news, cnbc, companies, facebooks, officer, russian, investigation, responds, zuckerberg, times, tried, facebook, prevent, sheryl, york, report, sandberg


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FAO Schwarz makes its return to New York. Here’s what its new store looks like inside

Iconic toy retailer FAO Schwarz is making its return to New York City after shutting its famed flagship store on Fifth Avenue in 2015, when the brand was still owned by Toys R Us. FAO Schwarz, meanwhile, has already embarked on expanding around the globe. And, of course, FAO Schwarz brought back its iconic keyboard on the floor. FAO Schwarz will also be selling its own branded items inside other retailers including Kohl’s and Hudson’s Bay this holiday season. Back at 30 Rock, FAO Schwarz will of


Iconic toy retailer FAO Schwarz is making its return to New York City after shutting its famed flagship store on Fifth Avenue in 2015, when the brand was still owned by Toys R Us. FAO Schwarz, meanwhile, has already embarked on expanding around the globe. And, of course, FAO Schwarz brought back its iconic keyboard on the floor. FAO Schwarz will also be selling its own branded items inside other retailers including Kohl’s and Hudson’s Bay this holiday season. Back at 30 Rock, FAO Schwarz will of
FAO Schwarz makes its return to New York. Here’s what its new store looks like inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: lauren thomas, fao schwarz
Keywords: news, cnbc, companies, walls, store, experiential, heres, fao, inside, toys, threesixty, makes, toy, space, return, york, 30, looks, schwarz


FAO Schwarz makes its return to New York. Here's what its new store looks like inside

Iconic toy retailer FAO Schwarz is making its return to New York City after shutting its famed flagship store on Fifth Avenue in 2015, when the brand was still owned by Toys R Us.

Now under a new owner, FAO Schwarz will bring its plush stuffed animals and walk-on piano keyboard — featured in the 1988 movie “Big” with Tom Hanks — back to life, and just in time for the 2018 holiday season. The store opens Friday at 30 Rockefeller Plaza in Manhattan. FAO Schwarz, meanwhile, has already embarked on expanding around the globe.

The goal is to make the space “experiential” and one that can “deliver theater and can drive customers,” David Conn, CEO of FAO Schwarz’s parent company ThreeSixty Group, told CNBC last month.

Brands featured in the 20,000-square-foot 30 Rock store include two of those also owned by ThreeSixty — electronics from The Sharper Image and toys from Melissa & Doug. There are walls of Barbie dolls, a Build-A-Bear Workshop station, a racetrack for kids to play with cars, a space where a magician will teach tricks, a candy shop and so much more for visitors to do there, beyond shopping.

And, of course, FAO Schwarz brought back its iconic keyboard on the floor. (This time it’s also on the ceiling, in bright lights, to spark the curiosity of those walking by.) The massive clock tower is there too, along with a new centerpiece, a rocket ship.

Without Toys R Us now that it’s bankrupt, there is a huge share of the toy market left up for grabs, giving FAO Schwarz the chance to make a name for itself again. FAO Schwarz will also be selling its own branded items inside other retailers including Kohl’s and Hudson’s Bay this holiday season.

Back at 30 Rock, FAO Schwarz will offer everything from hot items like Hatchimals to the brands older generations of consumers grew up with, like Steiff teddy bears. Its goal is to be a store that customers remember and keep coming back to.

The experience is the key. It’s a strategy many retailers are employing to lure consumers out of their homes and into the stores — but it’s also part of FAO Schwarz’s heritage. The fun of going to the old store is a memory for many generations, but today’s shoppers may find many “Instagrammable” moments inside the walls of the new store

“We think this transcends even just toys,” Conn said. “We joke around … we were experiential before it was cool to be experiential.”


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: lauren thomas, fao schwarz
Keywords: news, cnbc, companies, walls, store, experiential, heres, fao, inside, toys, threesixty, makes, toy, space, return, york, 30, looks, schwarz


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‘Shark Tank’s’ Daymond John: ‘Hip-hop was our version of today’s Instagram or Twitter’

“Shark Tank” star and multimillionaire Daymond John had a tough childhood, growing up in the Hollis, Queens neighborhood of New York City when it was hit with the crack epidemic of the 1980s. “Most of my friends would go over to this part of the community and want to aspire to be these drug dealers,” he told CNBC’s “The Brave Ones.” “And many of my friends were dead or in jail at the age of 16 to 17. “They were just as wealthy, or even more wealthy, than these crack dealers, but they were sellin


“Shark Tank” star and multimillionaire Daymond John had a tough childhood, growing up in the Hollis, Queens neighborhood of New York City when it was hit with the crack epidemic of the 1980s. “Most of my friends would go over to this part of the community and want to aspire to be these drug dealers,” he told CNBC’s “The Brave Ones.” “And many of my friends were dead or in jail at the age of 16 to 17. “They were just as wealthy, or even more wealthy, than these crack dealers, but they were sellin
‘Shark Tank’s’ Daymond John: ‘Hip-hop was our version of today’s Instagram or Twitter’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: lucy handley, david a grogan
Keywords: news, cnbc, companies, daymond, todays, hollis, crack, friends, york, version, hiphop, tanks, tough, john, queens, dealers, tribe, instagram, twitter, shark, wealthy


'Shark Tank's' Daymond John: 'Hip-hop was our version of today's Instagram or Twitter'

“Shark Tank” star and multimillionaire Daymond John had a tough childhood, growing up in the Hollis, Queens neighborhood of New York City when it was hit with the crack epidemic of the 1980s.

“Most of my friends would go over to this part of the community and want to aspire to be these drug dealers,” he told CNBC’s “The Brave Ones.”

“And many of my friends were dead or in jail at the age of 16 to 17. I was losing a friend every three months,” he said.

But then a new kind of activity got popular: making music.

“They were just as wealthy, or even more wealthy, than these crack dealers, but they were selling music. It was LL Cool J, Run-D.M.C., Salt-N-Pepa, Tribe Called Quest, Ja Rule. All of them are from Hollis, Queens,” John said.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: lucy handley, david a grogan
Keywords: news, cnbc, companies, daymond, todays, hollis, crack, friends, york, version, hiphop, tanks, tough, john, queens, dealers, tribe, instagram, twitter, shark, wealthy


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Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, is down to less than $7,000 in savings

Alexandria Ocasio-Cortez, a 29-year-old Democrat who will represent the 14th Congressional District of New York, is the youngest woman ever elected to Congress and until recently worked in food service. She currently has less than $7,000 in savings, according to her communications director. The 2018 race took its toll on her finances, Corbin Trent, director of communications for Ocasio-Cortez, tells CNBC Make It. Her father, who died in 2012, was a small business owner, and her mother, originall


Alexandria Ocasio-Cortez, a 29-year-old Democrat who will represent the 14th Congressional District of New York, is the youngest woman ever elected to Congress and until recently worked in food service. She currently has less than $7,000 in savings, according to her communications director. The 2018 race took its toll on her finances, Corbin Trent, director of communications for Ocasio-Cortez, tells CNBC Make It. Her father, who died in 2012, was a small business owner, and her mother, originall
Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, is down to less than $7,000 in savings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: megan leonhardt, mario tama, getty images, -paul fain, financial planner
Keywords: news, cnbc, companies, according, campaign, youngest, york, savings, disclosure, woman, alexandria, 7000, came, sold, ocasiocortez, shes, congress, trent, elected


Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, is down to less than $7,000 in savings

Alexandria Ocasio-Cortez, a 29-year-old Democrat who will represent the 14th Congressional District of New York, is the youngest woman ever elected to Congress and until recently worked in food service. She currently has less than $7,000 in savings, according to her communications director.

Her finances became a talking point after she mentioned to The New York Times that she’s struggling to afford an apartment in Washington D.C., where the median rent, $2,700, is twice the national median. Her claims came under fire this week after some news outlets publicized a financial disclosure filed in April that showed she had as much as $15,000 in savings, and more in checking.

In the disclosure, which uses ranges rather than exact amounts, Ocasio-Cortez reported that she had:

$15,000-$50,000 in a checking account

$1,001-$15,000 in a savings account

$1,001-$15,000 in a 401(k)

Her wages in 2017 came to about $26,600, according to the 2018 disclosure, and she’s still paying off $15,000-$50,000 in student loan debt.

The 2018 race took its toll on her finances, Corbin Trent, director of communications for Ocasio-Cortez, tells CNBC Make It. “She’s had to dip into her savings since that was filed. She’s down to well below $7,000 now” in that account, and the amount in her 401(k) hasn’t changed as she has not been contributing to it in recent months while she has been living off of her savings. Trent said he was unable to comment on her current checking account balance.

“Some of the money she has was obviously just saved while she was working, but some of it also came from when her parents sold the house. After her dad passed away, her mom gave her some of that money,” Trent says.

Her father, who died in 2012, was a small business owner, and her mother, originally from Puerto Rico, cleaned houses, according to the Ocasio-Cortez campaign. The family sold its house in Yorktown in 2016 for $355,000.

Since quitting her job as a bartender in February, Ocasio-Cortez has taken just over $6,000 in salary from her campaign, according to campaign finance records.

The congresswoman-elect ran on a progressive platform that highlighted issues like affordable housing, the cost of college, a jobs guarantee program and Medicare for all.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: megan leonhardt, mario tama, getty images, -paul fain, financial planner
Keywords: news, cnbc, companies, according, campaign, youngest, york, savings, disclosure, woman, alexandria, 7000, came, sold, ocasiocortez, shes, congress, trent, elected


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Amazon’s HQ2 in Queens will be ‘square in the danger zone for frequent flooding’

It gets warmer, it means the air can hold more moisture and we get bigger downpours,” said Strauss of Climate Central. From 2005 to 2014, Queens saw an additional 31 days of coastal flooding due to climate change, researchers say. Long Island City is already becoming a hot spot for New York City, and Amazon will speed that change exponentially. New York City is also running out of large spaces for developments like this one, which likely played into the choice. Like other waterfront buildings, t


It gets warmer, it means the air can hold more moisture and we get bigger downpours,” said Strauss of Climate Central. From 2005 to 2014, Queens saw an additional 31 days of coastal flooding due to climate change, researchers say. Long Island City is already becoming a hot spot for New York City, and Amazon will speed that change exponentially. New York City is also running out of large spaces for developments like this one, which likely played into the choice. Like other waterfront buildings, t
Amazon’s HQ2 in Queens will be ‘square in the danger zone for frequent flooding’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: diana olick, eduardo munoz, yana paskova, the washington post, getty images
Keywords: news, cnbc, companies, frequent, amazons, plans, continue, danger, york, city, expect, square, queens, zone, climate, strauss, likely, flooding, hq2, headquarters


Amazon's HQ2 in Queens will be 'square in the danger zone for frequent flooding'

“And the truth is, heavy rain has already increased by 50 percent in the Northeast. So we can expect that trend to continue. It gets warmer, it means the air can hold more moisture and we get bigger downpours,” said Strauss of Climate Central.

From 2005 to 2014, Queens saw an additional 31 days of coastal flooding due to climate change, researchers say. If Queens experienced a 6-foot flood, which scientists expect by the end of this century, that would put $13 billion worth of property at risk of damage, including about 34,000 homes, according to Climate Central and Zillow.

Companies and residential developers continue to build on the water because that is simply where people want to live and work. Long Island City is already becoming a hot spot for New York City, and Amazon will speed that change exponentially. New York City is also running out of large spaces for developments like this one, which likely played into the choice.

Amazon is more than likely considering all these risks as it plans its new headquarters, although a spokesman for the company said they could not comment on any plans. Like other waterfront buildings, the new headquarters will have to be built as a stronghold — resilient against weather and water.

“But then you have to ask how easy will it be to get to and from their headquarters, what’s happening to the surrounding neighborhood? And they’re going to need the city’s help to fortify the whole area,” Strauss said.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: diana olick, eduardo munoz, yana paskova, the washington post, getty images
Keywords: news, cnbc, companies, frequent, amazons, plans, continue, danger, york, city, expect, square, queens, zone, climate, strauss, likely, flooding, hq2, headquarters


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Airlines cancel thousands of flights after winter storm Avery surprises East Coast

Airlines cancelled over 1,900 flights around the country after winter storm Avery hit the Northeast stronger than expected with up to a foot of snow on Thursday. Delta said it cancelled 371 flights on Thursday and 106 flights on Friday, and United said it cancelled 180 flights. Airlines including Delta, United, Southwest and Spirit waived change fees for passengers traveling through some East Coast airports. New York airports were hit the hardest, with Newark Liberty International Airport and La


Airlines cancelled over 1,900 flights around the country after winter storm Avery hit the Northeast stronger than expected with up to a foot of snow on Thursday. Delta said it cancelled 371 flights on Thursday and 106 flights on Friday, and United said it cancelled 180 flights. Airlines including Delta, United, Southwest and Spirit waived change fees for passengers traveling through some East Coast airports. New York airports were hit the hardest, with Newark Liberty International Airport and La
Airlines cancel thousands of flights after winter storm Avery surprises East Coast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: marilyn haigh, john moore, getty images
Keywords: news, cnbc, companies, newark, flights, cancelled, airlines, surprises, hit, delta, coast, cancel, york, united, avery, thousands, airports, storm, east, winter


Airlines cancel thousands of flights after winter storm Avery surprises East Coast

Airlines cancelled over 1,900 flights around the country after winter storm Avery hit the Northeast stronger than expected with up to a foot of snow on Thursday.

According to flight-tracking site FlightAware.com, a total of 2,608 flights flying in or out of the United States were cancelled Thursday and Friday. An additional 12,500 flights were delayed over the two days.

Southwest said it cancelled more than 200 flights over two days due to the storm. Delta said it cancelled 371 flights on Thursday and 106 flights on Friday, and United said it cancelled 180 flights.

Airlines including Delta, United, Southwest and Spirit waived change fees for passengers traveling through some East Coast airports.

New York airports were hit the hardest, with Newark Liberty International Airport and LaGuardia topping the list of airports with the most-cancelled flights. Over 230 flights were cancelled at Newark on Thursday.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: marilyn haigh, john moore, getty images
Keywords: news, cnbc, companies, newark, flights, cancelled, airlines, surprises, hit, delta, coast, cancel, york, united, avery, thousands, airports, storm, east, winter


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Rare November snowstorm wreaks havoc on commutes

The first snowstorm of the season gave way to rain and high winds in the New York City area Friday before skies partially cleared later in the day. Commuters across the tri-state area were facing slow rides to work on Friday, following a rough commute home Thursday night . There were severe delays Thursday following an accident on the George Washington Bridge involving multiple cars and tractor-trailer trucks. New Jersey Transit bus passengers should expect substantial delays and cancellations F


The first snowstorm of the season gave way to rain and high winds in the New York City area Friday before skies partially cleared later in the day. Commuters across the tri-state area were facing slow rides to work on Friday, following a rough commute home Thursday night . There were severe delays Thursday following an accident on the George Washington Bridge involving multiple cars and tractor-trailer trucks. New Jersey Transit bus passengers should expect substantial delays and cancellations F
Rare November snowstorm wreaks havoc on commutes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: laura galligan, spencer platt, getty images
Keywords: news, cnbc, companies, wreaks, havoc, delays, jersey, commutes, morning, york, following, port, transit, school, passengers, rare, snowstorm, bus


Rare November snowstorm wreaks havoc on commutes

The first snowstorm of the season gave way to rain and high winds in the New York City area Friday before skies partially cleared later in the day. Central Park saw 6.4 inches of snowfall.

Commuters across the tri-state area were facing slow rides to work on Friday, following a rough commute home Thursday night .

There were severe delays Thursday following an accident on the George Washington Bridge involving multiple cars and tractor-trailer trucks.

New Jersey Transit bus passengers should expect substantial delays and cancellations Friday because many drivers worked past their normal schedules and federal law mandates a rest period.

New York’s Port Authority Bus Terminal reopened Friday after it closed Thursday evening because of crowding, as commuters were packed into the building.

As of 10:00 a.m. ET Friday morning, the Port Authority said it was operating normally, but urged passengers to allow extra time for their morning commute, as NJ Transit and other bus companies were still reporting delays and cancellations.

Some students at Liberty Middle School in West Orange, New Jersey, were forced to sleep at their school after their buses turned back.

Many schools were closed or were opening with delays in upstate New York districts.

— The Associated Press contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: laura galligan, spencer platt, getty images
Keywords: news, cnbc, companies, wreaks, havoc, delays, jersey, commutes, morning, york, following, port, transit, school, passengers, rare, snowstorm, bus


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Management guru Sonnenfeld slams Facebook COO Sandberg, saying she ‘probably should be replaced’

Management guru Jeffrey Sonnenfeld on Friday called for a leadership shake up at Facebook, slamming COO Sheryl Sandberg after her denial of a New York Times report that she ignored Russian activity on the social network and thwarted investigations. Sandberg should “probably should be replaced,” said Sonnenfeld, senior associate dean for leadership studies at Yale University. Meanwhile, Facebook’s Mark Zuckerberg should no longer be chairman, Sonnenfeld argued, saying the co-founder should focus


Management guru Jeffrey Sonnenfeld on Friday called for a leadership shake up at Facebook, slamming COO Sheryl Sandberg after her denial of a New York Times report that she ignored Russian activity on the social network and thwarted investigations. Sandberg should “probably should be replaced,” said Sonnenfeld, senior associate dean for leadership studies at Yale University. Meanwhile, Facebook’s Mark Zuckerberg should no longer be chairman, Sonnenfeld argued, saying the co-founder should focus
Management guru Sonnenfeld slams Facebook COO Sandberg, saying she ‘probably should be replaced’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: tyler clifford
Keywords: news, cnbc, companies, sonnenfeld, washington, slams, probably, management, york, chairman, social, coo, sandberg, times, facebook, squawk, zuckerberg, replaced, guru, stringer, saying


Management guru Sonnenfeld slams Facebook COO Sandberg, saying she 'probably should be replaced'

Management guru Jeffrey Sonnenfeld on Friday called for a leadership shake up at Facebook, slamming COO Sheryl Sandberg after her denial of a New York Times report that she ignored Russian activity on the social network and thwarted investigations.

Sandberg should “probably should be replaced,” said Sonnenfeld, senior associate dean for leadership studies at Yale University. She’s “completely dispensable,” he said on CNBC’s “Squawk Box,” adding that she should at least be put on probation.

Meanwhile, Facebook’s Mark Zuckerberg should no longer be chairman, Sonnenfeld argued, saying the co-founder should focus on being just the CEO and to “perform a lot of the great fixes” to the brand.

Someone like board member Erskine Bowles — a longtime anti-debt crusader in Washington and also White House chief of staff under former President Bill Clinton — should be made chairman, Sonnenfeld said. He went on to say that Facebook should also return former Washington Post publisher Don Graham to the company’s board. Graham was a “great mentor to Mark Zuckerberg when he was hiding under the hoodie.”

New York City Comptroller Scott Stringer, appearing later Friday morning on “Squawk Alley,” said the Times’ expose was “damaging” and “confirmed our worse nightmare.”

Criticizing the company’s structure, he also said the best practice would be to install a new chairman. “You separate the chair from the CEO. They’re two different responsibilities,” he argued. “Someone has to oversee the work of Mr. Zuckerberg and Ms. Sandberg.”

The comptroller’s office overseas New York City’s $195 billion pension program that includes 4.5 million shares of the social media firm. At around $138 per share, that’s about a $620 million stake.

“Our job is not to get out of companies. Our job is to stay and make sure these companies create the greater return” for teachers, police officers, firefighters, and other people on the city’s public pension fund, Stringer said.

Shares of Facebook were under intense pressure Friday — down about 36 percent from their 52-week highs in July.

Facebook didn’t immediately respond to CNBC’s request for comment.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: tyler clifford
Keywords: news, cnbc, companies, sonnenfeld, washington, slams, probably, management, york, chairman, social, coo, sandberg, times, facebook, squawk, zuckerberg, replaced, guru, stringer, saying


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24-year-old NYSE equity trader Lauren Simmons’ career inspired a film

Equity trader Lauren Simmons has signed a deal with production company AGC Studios to turn the inspiring story of her journey to becoming the youngest full-time female trader on the floor of the New York Stock Exchange into a film. In June, CNBC Make It explored Simmons’ journey in a widely-circulated profile and video. Simmons moved to New York after graduating from college in December 2016 with an initial plan for a career in medicine. She passed, becoming the youngest, and at the time, only,


Equity trader Lauren Simmons has signed a deal with production company AGC Studios to turn the inspiring story of her journey to becoming the youngest full-time female trader on the floor of the New York Stock Exchange into a film. In June, CNBC Make It explored Simmons’ journey in a widely-circulated profile and video. Simmons moved to New York after graduating from college in December 2016 with an initial plan for a career in medicine. She passed, becoming the youngest, and at the time, only,
24-year-old NYSE equity trader Lauren Simmons’ career inspired a film Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: courtney connley
Keywords: news, cnbc, companies, equity, floor, kiersey, journey, youngest, simmons, fulltime, studios, inspired, york, career, film, production, 24yearold, trader, lauren, nyse


24-year-old NYSE equity trader Lauren Simmons' career inspired a film

Equity trader Lauren Simmons has signed a deal with production company AGC Studios to turn the inspiring story of her journey to becoming the youngest full-time female trader on the floor of the New York Stock Exchange into a film.

Actress Kiersey Clemons will produce the film and also play Simmons on the big screen.

In June, CNBC Make It explored Simmons’ journey in a widely-circulated profile and video. Simmons moved to New York after graduating from college in December 2016 with an initial plan for a career in medicine. A love of math drove her to pursue finance instead, and she landed a job at Rosenblatt Securities after applying through LinkedIn. She had one month to study for and take the Series 19, the exam all floor brokers must pass to earn their badge. She passed, becoming the youngest, and at the time, only, full-time female trader at the NYSE.

She says that in June, multiple production studios reaching out to her to discuss developing a biopic.

“I ultimately decided [on] AGC because of Kiersey,” says Simmons. “I got to meet Kiersey and felt she resembled me a lot. She has such a beautiful personality and she genuinely wanted to share my story. Out of everyone that I met, I knew that she would do it very [honestly], and not make it into a story that isn’t true.”


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: courtney connley
Keywords: news, cnbc, companies, equity, floor, kiersey, journey, youngest, simmons, fulltime, studios, inspired, york, career, film, production, 24yearold, trader, lauren, nyse


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Facebook board says it pushed Zuckerberg and Sandberg to ‘move faster’ on Russia interference

Facebook’s board said Thursday it pushed CEO Mark Zuckerberg and second-in-command Sheryl Sandberg to “move faster” on investigating Russian interference on the platform, but said “to suggest that they knew about Russian interference and either tried to ignore it or prevent investigations into what had happened is grossly unfair.” “The company was too slow to spot Russian interference, and too slow to take action. Facebook executives and lawmakers named in the New York Times report have countere


Facebook’s board said Thursday it pushed CEO Mark Zuckerberg and second-in-command Sheryl Sandberg to “move faster” on investigating Russian interference on the platform, but said “to suggest that they knew about Russian interference and either tried to ignore it or prevent investigations into what had happened is grossly unfair.” “The company was too slow to spot Russian interference, and too slow to take action. Facebook executives and lawmakers named in the New York Times report have countere
Facebook board says it pushed Zuckerberg and Sandberg to ‘move faster’ on Russia interference Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: sara salinas, chesnot, getty images
Keywords: news, cnbc, companies, pushed, faster, times, facebook, zuckerberg, slow, york, board, facebooks, statement, interference, russian, sandberg, russia


Facebook board says it pushed Zuckerberg and Sandberg to 'move faster' on Russia interference

Facebook’s board said Thursday it pushed CEO Mark Zuckerberg and second-in-command Sheryl Sandberg to “move faster” on investigating Russian interference on the platform, but said “to suggest that they knew about Russian interference and either tried to ignore it or prevent investigations into what had happened is grossly unfair.”

The statement comes a day after a New York Times investigation claimed Zuckerberg and Sandberg downplayed internal efforts to assess Russian misinformation campaigns, and sought to deflect public scrutiny onto Facebook’s competitors.

“The company was too slow to spot Russian interference, and too slow to take action. As a board we did indeed push them to move faster,” the board said in its statement. “In the last eighteen months Facebook, with the full support of this board, has invested heavily in more people and better technology to prevent misuse of its services, including during elections.”

Facebook executives and lawmakers named in the New York Times report have countered some of its claims. Former Facebook Chief Security Officer Alex Stamos, who first brought evidence of Russian interference to Facebook’s top executives, pushed back on the story on Twitter Thursday.

Earlier Thursday, Facebook released its latest report on the removal of harmful content from its services. The company has been consistent in its messaging for the last year that it was “too slow” to spot abuse on the platform, but that it is getting better.

Here’s the full statement from Facebook’s board:


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: sara salinas, chesnot, getty images
Keywords: news, cnbc, companies, pushed, faster, times, facebook, zuckerberg, slow, york, board, facebooks, statement, interference, russian, sandberg, russia


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