A former Cambridge Analytica executive testified in a federal bankruptcy court Thursday that the firm was trying to spin off into a new company called Anaxi Solutions.
Some say Musk’s paranoia and late-night Twitter rants reveal a billionaire cracking under pressure. But those who know him best say this is nothing new.
“It’s heartbreaking to see the images and hear the sounds of the kids,” Tim Cook said.
Holmes also reportedly stepped down as CEO Friday.
Elliot Schrage is out as VP after a series of scandals that plagued him and the social network.
These cuts, largely to salaried workers, follow mass dismissals in fall 2017.
"The Tesla’s speed increased — starting three seconds before impact and continuing until the crash — from 62 to 70.8 mph. There was no braking or evasive steering detected prior to impact."
"The question is: How can Facebook be so confident?”
“We are shutting that down.”
“How do you want to be remembered? As one of the three internet giants together with Bill Gates and Steve Jobs?”
"Perhaps you’re horrified of this creation of yours and what it’s led to."
The Chapter 7 bankruptcy filing shows the company’s web of high-powered connections.
It comes days after Google announced big changes in how it ranks news publishers.
The Federal Trade Commission says it worked with Trump to update and redistribute the earlier edition, which she launched as part of her "Be Best" initiative.
Facebook is now conducting an investigation into Joseph Chancellor, who cofounded a company that sold Facebook user information used by Cambridge Analytica.
In March, the consulting firm was engulfed in controversy about how it obtained and used data on millions of Facebook users in American elections.
"I put it to you today, sir: Facebook is a morality-free zone, destructive to a fundamental right to privacy," said one Conservative MP.
After the latest parliamentary hearing, a spokesperson for Cambridge Analytica denied the company was a "Bond villain".
Aleksandr Kogan, the Cambridge University academic whose app has set off the firestorm about online user data, says he’s considering suing Facebook.
“The most viable option that we have identified to forestall a near-term sale or a potential default under our credit agreement is further investment by one or more of you.”