May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Facebook's founder Mark Zuckerberg has held talks with the Winklevoss twins, his old rivals, about the social media giant's developing digital currency, the Financial Times...Bitcoinread more
Analyst Michael Olson says he has "a high degree of confidence" that Amazon shares can reach the level without "significant changes to the business."Investingread more
House Judiciary Committee Chairman Jerry Nadler says Mueller told the committee he would make his opening statement before the public.Politicsread more
The retailer is under pressure as shoe companies, like Nike, have worked to sell directly to its customers, bypassing retailers all together.Footwearread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
A downgrade from BMO analysts led to an unsavory drop in Chipotle's stock, and some analysts are advising waiting out the weakness.Trading Nationread more
Breaking up the social network won't lead to better data protection, said former Facebook executive Chris Kelly.Technologyread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
Sears opens its first Home & Life stores and plans to open more as it looks for a fresh start after bankruptcy.Retailread more
New orders for U.S.-made capital goods fell more than expected in April, further evidence that manufacturing and the broader economy were slowing.Economyread more
After a clampdown on offensive discussion boards and the firing of a high profile executive prompted backlash from Reddit users, the interim CEO of the so-called front page of the Internet issued an apology Monday.
"We have apologized and made promises to you, the moderators and the community, over many years, but time and again, we haven't delivered on them," Ellen Pao said, in the note. "Today, we acknowledge this long history of mistakes. We are grateful for all you do for reddit, and the buck stops with me." (Tweet This)
Pressure on Pao has risen lately. A Change.org petition calling for her to step down from her role as interim CEO was closing in on 200,000 signatures at the time of the company's apology. Many of the site's volunteer moderators blocked some access to popular pages in protest of the unexpected firing of Victoria Taylor, the executive who led the highly followed "Ask Me Anything" series of celebrity interviews where users posed questions in real time.
Reddit previously shut down some of its pages, including one titled "Fat People Hate," for violating its harassment rules. The company struggled to convince users it was merely "banning behavior, not ideas, " as many viewed it as a step that crossed the censorship line.
"I mean it when I say we screwed up, and we want to have a meaningful ongoing discussion," Pao's apology continued. "I know we've drifted out of touch with the community as we've grown and added more people, and we want to connect more."
The apology closed with Pao saying, "I don't have all the answers, and it will take time for us to deliver concrete results."
You can read the full Reddit apology here.