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Facebook Suspends Employee Promotions for 2020

By Alex Heath
· · Source: The Information

Facebook has suspended promotions for its corporate employees for the rest of the year, The Information has learned. The decision to pause promotions in 2020, announced internally to employees Wednesday, comes after Facebook said last week it saw a “steep decrease” in ad sales during March, followed by flat yearly revenue growth in April. Facebook ended the first quarter with 48,000 full-time...

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The Real Threat to Google and Alphabet Isn’t Antitrust Case
By Nick Bastone and Christopher Stern · Oct. 20, 2020 5:45 PM PDT
The Real Threat to Google and Alphabet Isn’t Antitrust Case

The just-filed U.S. antitrust case against Google’s web search dominance likely will take years to be resolved and, even if successful, may not cut into Google’s business by much.

Instead, competition from powerful companies such as Amazon and Facebook as well as young foes like TikTok pose the biggest risk to Google’s fortunes. An antitrust challenge, therefore, is less of a ...

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