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Yahoo pulls out of China for good

By Jordan Valinsky, CNN Business Yahoo has shut down access to its services in China, becoming the latest American tech company to exit the country. It pulled the plug “in recognition of the increasingly challenging business and legal environment,” a Yahoo spokesperson said in a statement. “Yahoo remains committed to the rights of our users

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Leaky SpaceX toilet problem will force astronauts to use backup ‘undergarments’

By Jackie Wattles, CNN Business Issues with the toilet on board SpaceX’s Crew Dragon capsule will leave a group of four astronauts without a bathroom option during their hours-long trip back home from the International Space Station aboard the 13-foot-wide capsule this month. Instead, the crew will have to rely on “undergarments,” Steve Stich, NASA’s

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Key quotes from the Facebook Papers

By Tara Subramaniam, CNN Business One week ago, a consortium of 17 news outlets, including CNN, began publishing a damning series of stories — collectively called “The Facebook Papers” — based on thousands of pages of internal company documents. These documents are disclosures made to the Securities and Exchange Commission and provided to Congress in

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Partisanship, employee dissent and ‘dead bodies’: Inside Facebook’s struggle to combat misinformation and hate speech in India

By Rishi Iyengar, CNN Business In early 2019, a team of Facebook’s researchers spent two weeks interviewing 30 users across two Indian cities, Jaipur and Hyderabad. The goal: to learn about their experiences with misinformation and fact-checking on its platforms. The fact-finding mission, which was described by one of the researchers in an internal document

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Amazon and Apple warn of supply chain issues

CNN, CNNBUSINESS By Clare Duffy and Rishi Iyengar, CNN Business Even Amazon and Apple are grappling with the global supply chain crunch. Both companies reported revenue results on Thursday that fell short of Wall Street analysts’ expectations and warned that supply chain issues could weigh on business in the December quarter. Amazon missed Wall Street

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Activision Blizzard’s CEO looks to slash his pay by millions as the company’s harassment scandal continues

By Rishi Iyengar, CNN Business Activision Blizzard CEO Bobby Kotick has asked the company’s board to slash his pay to the “lowest amount California law will allow” until the gaming company fixes its issues with gender discrimination and harassment, he said in a letter to employees on Thursday. If the board approves, Kotick will be

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Facebook changes its company name to Meta

By Samantha Murphy Kelly, CNN Business Facebook is changing its company name as it shifts its focus to the “metaverse” and confronts wide-ranging scrutiny of the real-world harms from its various platforms after a whistleblower leaked hundreds of internal documents. Founder Mark Zuckerberg said Thursday that Facebook will change its corporate name to Meta, effectively

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Facebook says it’s facing ‘government investigations’ related to whistleblower documents

By Clare Duffy, CNN Business Facebook acknowledged to shareholders this week that it is facing “government investigations” related to the tens of thousands of pages of internal company documents leaked by whistleblower Frances Haugen. “Beginning in September 2021, we became subject to government investigations and requests relating to a former employee’s allegations and release of

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Facebook says it’s facing ‘government investigations’ related to whistleblower documents

CNN By Clare Duffy, CNN Business Facebook acknowledged to shareholders this week that it is facing “government investigations” related to the tens of thousands of pages of internal company documents leaked by whistleblower Frances Haugen. “Beginning in September 2021, we became subject to government investigations and requests relating to a former employee’s allegations and release

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