With politicians, users, and even its own employees furious with Facebook in the wake of the Cambridge Analytica scandal, it’s hard to imagine that a company could be more screwed than the social network. But we live in Trump world now, and his “obsession” with punishing Amazon is causing investors to flee at a cost of $53 billion. Continue reading Amazon Lost $53 Billion in One Day Because Trump Has Opinions
A 39-year-old partner in PJT Partners’ Park Hill Group unit who used to work for Blackstone has been arrested for orchestrating a $25 million investment fraud, mostly by soliciting funds from a charitable foundation for fake deals that he claimed to be conducting between his employer and a private equity fund.
– The Securities and Exchange Commission on Wednesday approved a rule requiring companies to the reveal the discrepancy between what their top executive gets paid and what their ordinary workers take home.