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Warren Buffett Steals a Facebook Board Member

By Alex Heath
· · Source: The Information

Facebook has lost another board member—it’s fourth in roughly a year. Kenneth Chenault, the former CEO of American Express and chairman of General Catalyst, will not stand for reelection at Facebook’s annual shareholder meeting this year, the company announced . He joined Facebook’s board in 2018 and is leaving to fill the stop on Warren Buffett’s Berkshire Hathaway board left by the departure...

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If Thursday was party time for tech companies, most of which reported better-than-expected earnings, Friday was the hangover. Most big tech stocks tumbled, as the Nasdaq led the market down by losing nearly 2.5%. Yes, there is a disconnect there, although major tech stocks have rallied strongly in recent months, so maybe they’re getting hit harder by growing anxieties about Covid-19 and ...

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