Sheryl Sandberg Breaking up Facebook wont fix social media

first_img 6 On Friday, EU Commissioner for Competition Margrethe Vestager said breaking up Facebook would be “a remedy of the very last resort.” This may come as a surprise given that the European Union has typically been more heavy-handed than the US when it comes to regulating Silicon Valley tech companies. Vestager in particular has a reputation for coming down hard on US tech giants, thanks to record-breaking fines she’s handed out to Amazon and Google. Originally published May 17, 9:19 a.m. PT.Update, 11:49 a.m.: Adds comment from EU competition commissioner Margrethe Vestager. Comments Facebook co-founder: Time to break up the social network Facebook isn’t secretly listening in on your phone conversations. Really Facebook’s ad targeting has created a creepy image problem it can’t shake EU competition commissioner: Facebook breakup would be ‘last resort’ Sandberg also responded to a recent op-ed from Facebook co-founder Chris Hughes, who said Zuckerberg had too much power and that the company should be broken up.”You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about,” Sandberg told CNBC.Facebook, along with other social media companies like Twitter and YouTube, has been called out for not doing enough to combat election meddling, misinformation and hate speech. Critics have also argued that Facebook’s enormous power needs to be kept in check.Sandberg acknowledged that users are concerned about privacy, but added that every one of Facebook’s engineering and product teams now have systems in place focused on protecting people’s privacy, according to CNBC.When it comes to elections, Sandberg said Facebook is ready for 2020.”We never foresaw Russian interference in the 2016 election … and that’s on us,” she told CBS This Morning. “Going into the 2020 election, we have war rooms in place. We have a working relationship with the FBI and Homeland Security … and we’re all working together.” 5:10 More on Facebookcenter_img Facebook knows it has hard work to do, says COO Sheryl Sandberg. Angela Lang/CNET Facebook is doing the hard work necessary to protect elections and your privacy. That’s the message from Sheryl Sandberg in interviews with CBS This Morning and CNBC on Friday.Sandberg, the social network’s chief operating officer, told CBS This Morning that earning back people’s trust will be hard, but that she and CEO Mark Zuckerberg will do “whatever it takes” to keep people safe on Facebook. (Editor’s note: CNET is owned by CBS.) Share your voice Now playing: Watch this: Tags Tech Industry Mark Zuckerberg Facebook Sheryl Sandberglast_img read more

SC rejects Khaledas plea to change court

first_imgBNP chairperson Khaleda Zia. File photoThe Appellate Division of the Supreme Court on Monday rejected a petition filed by Bangladesh Nationalist Party chairperson Khaleda Zia to change the court to hold hearing of Zia Orphanage Trust Graft case against her, reports UNB. A five-member bench led by acting chief justice M Wahab Miah passed the order. Earlier, on Sunday, after concluding hearing, the SC set today (Monday) for delivering verdict. Khaleda Zia filed the petition on 6 August. Later, the High Court rejected the petition on 20 August. The Anti-Corruption Commission filed the Zia Orphanage Trust graft case on 3 July, 2008 with Ramna policestation accusing Khaleda Zia, her eldest son Tarique Rahman, now living in the UK after securing bail, and four others for misappropriating over Tk 21. 0 million (2.10 crore) that came as grants from a foreign bank for orphans.last_img read more

Houston Area Pipe Plant Credits New Steel Tariffs For Reopening

first_imgAbout 230 workers were laid off.Now with the price of oil around $70 and new steel tariffs, the company said it will reactivate most of the plant by September.Luca Zanotti, president of Tenaris’ U.S. operations, said they also use imported steel, for which they now have to pay 25 percent in duties. But the tariffs create new demand for their domestic product.“We’re not buying any steel which is not either domestic or we’re transferring bars, which is the raw material that is being used in our mill here, from our other mills around the world,” Zanotti said.Tenaris plans to hire more than 100 new employees at the Conroe plant and add another 150 workers at its seamless pipe mill in Bay City and its threading facility in Houston to support the increased production activity.Other pipe manufacturing companies are not so happy about the new tariffs.Borusan Mannesmann, which has a plant in Baytown, has said the new tariffs have already cost the company $2.5 million. It has asked the Trump administration for an exemption. X 00:00 /00:56 To embed this piece of audio in your site, please use this code: center_img Listen Courtesy of TenarisTenaris manufactures steel pipes for the oil and gas industryTenaris’ Conroe plant largely shut down three years ago, blaming the oil downturn and record levels of “unfairly traded imports.” Sharelast_img read more