Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
As Facebook explores how to establish more independent oversight for the company, CEO Mark Zuckerberg is proposing a type of court system where appeals can be elevated if people disagree on how controversial content is treated.
Facebook released a new research report on Thursday summarizing its findings based on input from over 2,000 people in 88 countries. In January, the company solicited public and expert feedback on how to create a separate body that can impose binding decisions independent of its executives' opinions.
The company has come under fire for its inconsistency in the way it handles content that's violent, viewed as offensive or just patently false. The issue came up at Facebook's annual shareholder meeting last month, as investors demanded to know how Zuckerberg, who has majority voting control over Facebook's shares, determines what speech is allowed on the site.
In a pre-recorded conversation released alongside the report, Zuckerberg said that users should be able to address their concerns on a specific post with "a set of appealers." If the person is still unsatisfied with the result, the next step would be to elevate the appeal to an independent board. Zuckerberg said the board would get to choose a certain number of cases per year to take on, though that figure has been the source of debate during the research process.
Facebook plans to release a final charter in August, and will use this research as a guide. The final charter will be followed by a test period of the board's "operations and decision-making functions" prior to an orientation for new board members, according to Facebook's diagram showing the steps for forming the board.
One consideration is the size of the oversight board. Facebook has proposed that it consist of 40 members, though the company said diversity and representation of the site's users are important factors.
In terms of the appeals process, Zuckerberg said he anticipates the board will have a staff that helps prioritize appeals so that there's a difference between "precedent-setting" issues and specific pieces of content that need to be handled immediately.
"We need a mechanism to basically be able to refer issues that we see to the board and have a relatively rapid turnaround that could affect whether something could have an imminent impact," he said.