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Pelosi Blasts Facebook’s ‘Shameful’ Behavior, Complicity in Misleading Americans

House Speaker Nancy Pelosi lashed out at Facebook, saying it cared only about profits and that its senior executives “schmooze” the Trump administration to win lower taxes and avoid antitrust actions, CNBC reported. Pelosi’s attack highlights the tension between Facebook and Democrats, which is rooted in the social media giant’s failure to block Russia from influencing the 2016 election. That...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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