Thursday, March 28, 2024

Pressures on Facebook Grow in Outage

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On Monday, October 4, Facebook, Whatsapp, and Instagram experienced a prolonged outage. The five hour outage resulted in share prices dropping by 4.8%, decreasing Zuckerberg’s wealth by $5.9 billion. His current wealth is now $117 billion, making him the world’s sixth richest person, according to Forbes.

Valentine’s Day Spending Stats

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Regardless of how much you spend on Valentine’s Day, the money spent isn’t the main item to dwell on. The sentiment exchanged between people is what matters.

European Commission Releases Proposal to Help Gig Workers

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On Thursday, December 9, the European Commission proposed new rules that would require companies like Uber and Lyft to pay drivers and couriers a minimum wage, a practice that so-called “gig workers.” It is estimated that this would affect up to 4.1 million workers.

Locally Owned Businesses to Buy From This Holiday Season

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Instead of buying something from a chain, a gift from a small business can arguably be way more special and personalized, so here’s a list of some great locally owned businesses to buy from this holiday season.

Russia Bans Meta In Crackdown On Protests

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On Friday, March 11, Russia announced that it would be categorizing Meta as an extremist organization, which includes Facebook and Instagram, in the country after Meta’s “extremist activities.”

Inflation Rate Rises as Fed Takes Closer Look

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With gas prices skyrocketing and housing costs through the roof, the various stimulus programs throughout the pandemic, record spending by the government, and disrupted supply chains raising costs of goods, it is unsurprising that the annual U.S. inflation rate jumped to 6.2% in October - the highest rate since 1990. Should Americans be worried? Is there anything that can be done to halt the inflation? 

The Four-Day Work Week. Does It Work? Maybe.

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Imagine you were a full-time worker, offered the opportunity of working one less day a week, only for the same pay. Sounds great, right? The employee perspective of the idea of a four day work week, which has been tested in years of late around the world, is undoubtedly positive, but whether employers agree with that has been variable.

Sam Bankman-Fried: Crypto Collapse

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Former CEO of FTX, Sam Bankman-Fried, has been found guilty of multiple charges of security fraud, wire fraud, conspiracy and money laundering, and he might go down as "One of the biggest financial frauds in American history."

Juul Lawsuit Settlement

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The vaping company, Juul, has reached settlements estimated to total over 1 billion dollars for over 5,000 lawsuits over its vaping products.

Facebook Oversight Ruling

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After the January 6th riot, the social media company Facebook made the decision to suspend then-President Donald Trump’s Facebook account until at least January 20 - the end of Trump’s term. The decision, along with Twitter’s decision to permanently ban Trump, has drawn ire and concerns from many. Republican lawmakers have been especially vocal about Trump’s bans from social media. In order to reach a permanent decision on whether or not to keep Trump suspended has been left up to Facebook’s Oversight Board.

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