Katie Paul
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Facebook's Zuckerberg embraces remote work beyond Silicon Valley

Facebook's Zuckerberg embraces remote work beyond Silicon Valley

United States SAN FRANCISCO (Reuters) - Facebook Inc will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley. Zuckerberg said the world’s largest social network would start “aggressively opening up remote hiring” in July, expecting that about half its workforce would eventually do their jobs outside Facebook’s offices over the next five to 10 years. The company would take a more “measured approach” with existing employees based...

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Katie Paul
May 22
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With remote work plan, Facebook dashes hopes of paycheck arbitrage

With remote work plan, Facebook dashes hopes of paycheck arbitrage

United States SAN FRANCISCO (Reuters) - With Facebook’s adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley’s biggest companies from the place that incubated it. But he also dashed a Silicon Valley dream: that tech workers would be able to take their generous salaries with them as they flee the Bay Area’s crushing housing costs, dirty sidewalks and crowded roadways. As lockdowns dragged into their third month, message boards popular with well-paid tech workers have lit up with fantasies of working long-term from tropical...

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Katie Paul
May 22
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Disney's streaming chief Mayer to become TikTok CEO

Disney's streaming chief Mayer to become TikTok CEO

United States (Reuters) - Walt Disney Co’s () top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the chief executive officer of TikTok, the popular video app owned by China’s ByteDance Technology Co, the companies said on Monday. Mayer led the successful launch of the Disney+ streaming service in November but in February was passed over as Disney’s new chief executive. Mayer’s appointment will be effective June 1, when he will also become chief operating officer of ByteDance, the Chinese company said. TikTok, which allows users to create short...

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Katie Paul
May 19
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Facebook reports spike in takedowns of hate speech, terrorism

Facebook reports spike in takedowns of hate speech, terrorism

United States SAN FRANCISCO (Reuters) - Facebook Inc on Tuesday reported a sharp increase in the number of posts it removed for promoting violence and hate speech across its apps, which it attributed to technology improvements for automatically identifying text and images. The world’s biggest social media company removed about 4.7 million posts connected to hate organizations on its flagship app in the first quarter, up from 1.6 million in the 2019 fourth quarter. It also deleted 9.6 million posts containing hate speech, compared with 5.7 million in the prior period. That marks a six-fold...

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Katie Paul
May 12
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Facebook enters the videoconferencing fray with Messenger Rooms

Facebook enters the videoconferencing fray with Messenger Rooms

United States SAN FRANCISCO (Reuters) - Facebook Inc () introduced a videoconferencing tool and expanded livestreaming features on Friday, capitalizing on a surge in demand for video chats during the coronavirus pandemic while taking its first steps toward a planned integration of messaging products across its apps. The videoconferencing tool, Messenger Rooms, will enable as many as 50 people to participate in a call, the company said in a statement. It will display a tiled layout of participant videos - up to 16 on desktop and 8 on mobile - resembling the design offered by competitor Zoom...

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Katie Paul
Apr 24
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Ripple sues YouTube over cryptocurrency scams

Ripple sues YouTube over cryptocurrency scams

United States SAN FRANCISCO (Reuters) - Blockchain firm Ripple sued Alphabet Inc’s YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency “giveaway” scams that use fake social media profiles to dupe victims into sending money. The company says scammers on YouTube have been impersonating Ripple and its CEO, Brad Garlinghouse, to bait viewers into sending thousands of dollars worth of XRP, a cryptocurrency championed by Ripple, according to a court filing. The scammers promise to send back up to 5 million XRP, worth nearly $1 million, but...

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Katie Paul
Apr 22
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