• WPP CEO Sorrell Quits After Three Decades Building Ad Empire

    Quarta to step in as executive chairman in the interim Resignation follows allegations of personal misconduct announced April 3 that it was investigating the allegations. Chairman Roberto Quarta now becomes executive chairman until the appointment of a new CEO, WPP said in a statement late Saturday. Mark Read, who heads WPP agency Wunderman, and Andrew […]

  • Zuckerberg Defends Facebook’s Value While Senators Question Apology

    People use its services ‘100 billion times a day’: Zuckerberg ‘We’ve seen the apology tours,’ scoffed Senator Blumenthal Mark Zuckerberg defended the social network’s value before Congress and pledged to correct its mistakes, as senators questioned whether he’ll deliver after years of failed assurances that he’d protect user privacy. “People come to Facebook, Instagram, Whatsapp, […]

  • Apple Is the Richest Company, So Where Are the Billionaires?

    Art Levinson is only insider known to have at least $1 billion CEO Cook, who took over in 2011, is worth about $600 million Bloomberg Billionaires Index. But tracking down members of the three-comma club at Apple Inc. is a less fruitful endeavor, even though the iPhone-maker is the world’s most valuable company, with a […]

  • Silicon Valley Has Failed to Protect Our Data. Heres How to Fix It

    Twitter, LinkedIn, Cambridge Analytica used that data to target likely Trump voters. Facebook responded that, no, this was not a “Featured in , March 26, 2018. Illustration: 731 For years we’ve been talking and thinking about social networks as interesting tools to model and understand human dynamics. But it’s no longer academic—Facebook has reached a scale where […]

  • Spotify’s Founders Aren’t Giving Up Control Any Time Soon

    Spotify’s co-founders are taking a page from the Google-Facebook playbook, with plans to maintain control over the music service after its stock listing by holding shares with super voting power, according to three people with knowledge of the matter. Chief Executive Officer Daniel Ek and Vice Chairman Martin Lorentzon own a class of stock that […]

  • Disney Explored Buying Fox Assets; Talks Now Dead

    Sky Plc satellite service in Europe, the person said. Disney wouldn’t acquire Fox’s broadcast network, Fox News, local broadcast stations or sports programming, the person said. The rise of online competitors Netflix, YouTube and Facebook has slowed the growth of the pay-TV business, and forced the companies that rely on it to explore new ways […]