article thumbnail

Some Big Facebook Investors Call For Zuckerberg’s Ouster

PYMNTS

Facebook Chief Executive Mark Zuckerberg is in the crosshairs of some major investors, including public pension funds and state officials who want the CEO ousted from the social media company. Rhode Island, Illinois and Pennsylvania state treasurers are also joining the initiative.

article thumbnail

Big Tech CEOs Didn’t Win Over Congress At Hearing

PYMNTS

The conversation ranged the gamut from app store rules to search algorithms, acquisitions, cancel culture, social commerce, data harvesting and when ecosystems’ walls become so high as to become a barrier to competition. How did Big Tech do in defending itself? They also raised issues about the Apple App Store ’s rules.

Google 150
article thumbnail

How Big Tech Is Finally Tackling Cybersecurity

CB Insights

Facebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. But the company is not alone. Source: Cloudnosys. The Controversies.

Google 76