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Facebook Not Eyeing Big Acquisitions, Sandberg Says

Facebook is “not in the market” for big acquisitions, Sheryl Sandberg, the company’s No. 2 executive, said during a talk at the Cannes Lions advertising festival in France on Wednesday. Facebook’s last big acquisition was its $19 billion purchase of WhatsApp in 2014. In 2012, it paid $1 billion for Instagram, which Ms. Sandberg noted had only 13 employees at the time. Since the WhatsApp deal,...

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Snap CEO Spiegel Calls for Reparations Commission, Taxes to Address Racial Injustice

Snap CEO Evan Spiegel called for the creation of an American commission to address racial injustice and comprehensive tax reform, saying in a lengthy note to employees that he was “heartbroken and enraged” by racism in America.

“Economic inequality in America has reached levels unseen for nearly a century, people of color cannot visit a grocery store or go for a jog without ...

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Netease Follows Alibaba With a Secondary Share Offering in Hong Kong
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