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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LinkedIn’s Newsletter Subscribers Quadrupled as Meta, Twitter Axed Products
LinkedIn is the only big social media company that’s sticking with newsletters. This month, Facebook parent Meta Platforms and Twitter both shuttered their respective newsletter products as these tech companies cut costs, including shutting down products for creators, after overspending during the tech boom. But for LinkedIn, newsletters are seeing substantial growth. The Microsoft-owned...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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