The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
May 9 (Reuters) - Facebook Inc co-founder and former Mark Zuckerberg roommate Chris Hughes has called for the break up of the social network in an opinion piece in the New York Times.
"We are a nation with a tradition of reining in monopolies, no matter how well intentioned the leaders of these companies may be. Mark's power is unprecedented and un-American," Hughes wrote https://www.nytimes.com/2019/05/09/opinion/sunday/chris-hughes-facebook-zuckerbe r g . h t m l on Thursday.
Facebook owns the largest social network with more than 2 billion users across the world. It also owns WhatsApp, Messenger and Instagram, each used by more than 1 billion people.
Hughes co-founded Facebook in 2004 at Harvard with the company's Chief Executive Officer Zuckerberg and Dustin Moskovitz. He quit Facebook in 2007 and later said in a LinkedIn post https://www.linkedin.com/pulse/i-made-half-billion-dollars-three-years-work-here s - w h a t - c h r i s - h u g h e s that he made half a billion dollars for his three years of work.
"It's been 15 years since I co-founded Facebook at Harvard, and I haven't worked at the company in a decade. But I feel a sense of anger and responsibility," said Hughes, who later was an online strategist for Barack Obama during the 2008 presidential campaign.
The company did not immediately respond to requests for comment.
In one of a number of security and privacy scandals to hit the company, Facebook is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica.
Hughes said he last met with Zuckerberg in the summer of 2017, several months before the Cambridge Analytica scandal broke.
"Mark is a good, kind person. But I'm angry that his focus on growth led him to sacrifice security and civility for clicks," Hughes said.
"And I'm worried that Mark has surrounded himself with a team that reinforces his beliefs instead of challenging them."
Hughes is not alone in asking for break-up of Facebook. Some lawmakers have called for federal privacy regulation and anti-trust action to break up big tech companies.
Democratic presidential candidate Senator Elizabeth Warren in March vowed https://www.cnbc.com/2019/03/08/reuters-america-update-4-wall-st-critic-warren-v o w s - t o - b r e a k - u p - a m a z o n - f a c e b o o k - g o o g l e . h t m l to break up Facebook, Amazon.com Inc and Alphabet Inc's Google if elected U.S. president to promote competition in the tech sector. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Arun Koyyur)