The Federal Trade Commission proposed major new restrictions on Facebook owner Meta Platforms, including preventing the company from releasing new products until it can prove its privacy program is in compliance with past FTC orders. The commission also wants to block Meta from profiting off data it collects on users under 18 years of age, the agency said Wednesday. The FTC accused Meta in a...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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