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These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
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In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The White House is reportedly working on a memorandum for President Donald Trump to sign that would direct government agencies to "thoroughly investigate" big tech companies like Google and Facebook, Bloomberg News reported on Saturday, who have fended off accusations of political bias against conservatives.
A draft of that executive order, seen by Bloomberg, is in its preliminary stages and hasn't yet been run past other government agencies, a White House official told the publication. It also does not mention any specific companies.
Its current language would direct federal agencies to give recommendations ways to "protect competition among online platforms and address online platform bias" within a month after being signed, according to the report.
However, the White House distanced itself from Bloomberg's report in a statement to CNBC. Aides told The Washington Post on Saturday they didn't know where the memo came from. They also cast doubt on whether it had been vetted through normal policy channels.
"Although the White House is concerned about the conduct of online platforms and their impact on society, this document is not the result of an official White House policymaking process," deputy White House press secretary Lindsay Walters told CNBC in an emailed statement.
Business Insider also published the full leaked document Saturday. The text instructs the government agencies to "promote competition and ensure that no online platform exercises market power in a way that harms consumers, including through the exercise of bias."
Republican lawmakers and right-wing groups have long questioned whether social media giants like Twitter, Facebook and Google are guilty of an anti-conservative bias, and promoting Democratic or progressive political views.
Trump himself has levied those accusations repeatedly, which reached a crescendo when Twitter was hit by accusations of "shadow banning" right-leaning voices on its platform.