The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
Typhoon Hagibis made landfall south of Tokyo on Saturday evening. By Sunday around 376,000 homes were left without electricity, and 14,000 without running water across Japan....Weather & Natural Disastersread more
SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.Investing in Spaceread more
Bryn Mawr's Jeffrey Mills believes the market needs more time to break out of its slump.Trading Nationread more
"There's a legit argument that he has too much power," said Stamos, who left the company in 2018, at the Collision Conference in Toronto. "He needs to give up some of that power. If I was him, I would go hire a new CEO for the company."
Stamos even offered a specific suggestion: Microsoft President Brad Smith.
Facebook and Zuckerberg have been embroiled in controversy since the lead up to the last presidential election, when the platform was inundated with fake news and became a haven for bullying and harassment. Stamos knows something about the issues plaguing the company — he was among the first people at Facebook to discover Russians were using the social network to interfere with the 2016 election.
Since the departure in March of Chief Product Officer Chris Cox, Zuckerberg has been effectively acting as Facebook's product head, Stamos said, adding that he should keep his attention there and hand over the lead role.
Product is "where his passion is," Stamos said. "He should hire a CEO that can help signal both internally and externally that the culture has to change."
Stamos also said that there are legitimate arguments for breaking up Facebook as well as separating YouTube from Google on the basis that both companies have reduced competition. However, breaking up Facebook doesn't solve the underlying issues that afflict social media, such as the spread of false information or manipulating the ad targeting system for political purposes, he said.
"There's a lot of excitement for antitrust because it feels good to be like 'I hate this company, so let's break it up,'" Stamos said. "Having three companies that have the same fundamental problems doesn't make anything better."