• Facebook Is Buying Back $9 Billion More of Its Stock

    7 days ago - By Fortune

    Facebook Inc. said it plans to buy back $9 billion more of its shares, in a bid to boost confidence in the company after a recent stock slump.
    Facebook shares have fallen almost 40 percent since the social-media giant said in July that it expects growth to slow and profit margins to narrow in coming years. Its main social network is reaching a saturation point, so it needs to explore new types of business models. The company has also been facing scandals over its handling of misinformation and user data.
    Facebook said in a regulatory filing that its board had previously authorized share...
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  • Facebook employees are reportedly so paranoid they're buying burner phones 'to talk s-t about the company with each other'

    Facebook employees are reportedly so paranoid they're buying burner phones 'to talk s-t about the company with each other'

    7 days ago - By Business Insider

    Facebook employees have been using burner phones so they're able to "talk s-t" about the company with their colleagues, BuzzFeed News reports.
    BuzzFeed's story details an atmosphere of distrust and tension within Facebook, which has faced many scandals over the last two years.
    Also on Wednesday, the British Parliament released a trove of internal Facebook documents, detailing the company's thinking around partnerships and competition.
    Amid a disastrous year for Facebook filled with information leaks and damaging revelations, employees inside the company have started buying disposible...
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