Facebook Shakes Up Board, Ousts Exec Who Once Threatened Peter Thiel for Supporting Trump

by Chris White   Netflix CEO Reed Hastings will not be renominated to Facebook’s board of directors when the members meet in May for the company’s annual stockholder’s meeting, Facebook announced Friday night. The move comes less than three years after Hastings told fellow board member Peter Thiel that he intended to…

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iPhone Sales Falling, and Apple’s App Fees Might Be Next

As iPhone sales slip, Apple has been positioning its booming digital-services business as its new profit engine. But there could be a snag in that plan. A brewing backlash against the rich commissions Apple earns from all purchases and subscriptions made via iPhone apps could undercut the app store, which…

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Facebook Gave Data on Users’ Friends to Some Firms While Barring Others

Facebook privacy concerns

Facebook Inc let some companies, including Netflix and Airbnb, access users’ lists of friends after it cut off that data for most other apps around 2015, according to documents released on Wednesday by a British lawmaker investigating fake news and social media. The 223 pages of internal communication from 2012…

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