Facebook’s U.K.-based employees earned an average of £234,000 each in compensation during 2019, up nearly 7% from the prior year. In new financial results disclosed by Facebook U.K. this week, the company said revenue for the 2019 financial year of £1.1 billion, up 34% from the year before. The filing showed Facebook U.K. made a £87 million profit after paying £29 million in corporate tax to...
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The Briefing: Amazon Wins Round One of Union Battle
Amazon’s victory in the Alabama unionization vote will be a relief to the e-commerce giant in the short term, but it’s hardly the end of the matter. Leaving aside the legal appeals over the outcome of the Alabama vote, the labor movement is sure to try again elsewhere. Widespread reports of onerous working conditions for Amazon drivers and warehouse workers are too egregious for...
China Hits Alibaba With $2.8 Billion Fine in Antitrust Probe
Facebook Paid 110% of Exec Bonuses Tied to Election Integrity Efforts
Jessica Alba’s Honest Co. Files to Go Public
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