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Year: 2021

Facebook whistleblower testifies: Five highlights

By BARBARA ORTUTAY and DAVID KLEPPER Associated Press A former Facebook data scientist testified before Congress that the social network’s products harm children and fuel polarization in the U.S. while executives reject changes that could hurt company profits. Speaking before the Senate Commerce Subcommittee on Consumer Protection, Frances Haugen accused her former company of knowing

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Facebook whistleblower testifies: Five highlights

By BARBARA ORTUTAY and DAVID KLEPPER Associated Press A former Facebook data scientist testified before Congress that the social network’s products harm children and fuel polarization in the U.S. while executives reject changes that could hurt company profits. Speaking before the Senate Commerce Subcommittee on Consumer Protection, Frances Haugen accused her former company of knowing

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US default would trigger ‘significant volatility’ and ‘breakages’ in financial system, SEC Chairman warns

By Matt Egan, CNN Business Gary Gensler, the chairman of the Securities and Exchange Commission, warned lawmakers Tuesday that a US default would likely set off historic stress in financial markets because Treasuries are the bedrock of the entire system. “Although we don’t know for sure, we’d have significant volatility in the markets and we’d

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