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Showing posts from July, 2021

Facebook execs Zuckerberg and Sandberg put on public show of solidarity at Sun Valley amid report of rift

Sheryl Sandberg and Mark Zuckerberg (Getty Images) Facebook’s top executives Mark Zuckerberg and Sheryl Sandberg have made a point of appearing together in public after the release of an excerpt from a book that painted a turbulent picture of their professional relationship. Mr Zuckerberg and Ms Sandberg took what appeared to be a casual stroll around the grounds of Sun Valley Lodge in Idaho, which is hosting an annual tech conference, resulting in pictures of them walking together chatting amicably – as they walked steadily past a pack of reporters. In an excerpt from their forthcoming book published in the New York Times on Thursday, reporters Sheera Frenkel and Cecilia Kang detail how the two executives came under strain as they navigated the fallout from the 2016 election and the ever-rising pressure on Facebook during the Trump administration. As the authors tell it, the early Trump years saw the Facebook leadership struggle not only to steer the company through the rough waters i...

Facebook, JPMorgan Chase, Netflix: Stocks That Defined the Week

Twitter Inc. Donald Trump wants back on social media. The former president on Wednesday sued Twitter, Facebook Inc., and Alphabet Inc.’s Google to restore his accounts. He remains suspended from most social-media platforms following the Jan. 6 riot in the U.S. Capitol led by a mob of his supporters. Mr. Trump was the most prominent plaintiff seeking class-action status against the companies, claiming he was wrongly censored by them in violation of his First Amendment rights. Twitter shares lost 2.1% Wednesday. JPMorgan Chase & Co. Work-from-home is dividing on Wall Street. Some banking titans like JPMorgan and Goldman Sachs Group Inc. are taking a hard-line approach, even though it might mean losing talent. JPMorgan’s investment-banking staff had been told to be back in the office by Tuesday, while sales, trading and research staff members were told to return full time in June. Many of the bank’s sales and trading staffers have already been in the office throughout much of the p...