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WASHINGTON (Reuters) – Democratic U.S letter j cufflinks uk sale. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee’s antitrust panel, said on Wednesday that Facebook Inc cannot be trusted to regulate itself and Congress should take action. Cicilline, citing a report in the New York Times on Facebook’s efforts to deal with a series of crises, said on Twitter: “This staggering report makes clear that @Facebook executives will always put their massive profits ahead of the interests of their customers.”..
“It is long past time for us to take action,” he said. Facebook did not immediately respond to a request for comment letter j cufflinks uk sale. Facebook Chief Executive Mark Zuckerberg said a year ago that the company would put its “community” before profit, and it has doubled its staff focused on safety and security issues since then. Spending also has increased on developing automated tools to catch propaganda and material that violates the company’s posting policies. Other initiatives have brought increased transparency about the administrators of pages and purchasers of ads on Facebook. Some critics, including lawmakers and users, still contend that Facebook’s bolstered systems and processes are prone to errors and that only laws will result in better performance..
The New York Times said Zuckerberg and the company’s chief operating officer, Sheryl Sandberg, ignored warning signs that the social media company could be ‘exploited to disrupt elections, broadcast viral propaganda and inspire deadly campaigns of hate around the globe.’ And when the warning signs became evident, they ‘sought to conceal them from public view.’ (nyti.ms/2OJWpnc). “We’ve known for some time that @Facebook chose to turn a blind eye to the spread of hate speech and Russian propaganda on its platform,” said Cicilline, who will likely take the reins of the subcommittee on regulatory reform, commercial and antitrust law when the new, Democratic-controlled Congress is seated in January letter j cufflinks uk sale.
NEW YORK (Reuters) – Several prominent investors raised their stakes in General Electric Co (GE.N) in the third quarter, before its shares sank in recent weeks, filings with the U.S. Securities and Exchange Commission showed on Wednesday. D.E. Shaw & Co LP, Viking Global Investors LP and Canyon Capital Advisors LLC each reported larger holdings in GE in the quarter ended Sept. 30 than in the prior quarter, according to filing data collected by Refinitiv and reviewed by Reuters. GE shares have collapsed more than 50 percent this year, including 31 percent over the last month letter j cufflinks uk sale. In October, GE posted a quarterly loss of $22.8 billion, cut its annual dividend to just 4 cents a share and told investors it was facing a deepening federal accounting probe. Chief Executive Officer Larry Culp has promised to sell assets with “urgency” to reduce its high debt..
It is not clear whether the fund investors kept their stakes during the selloff. None of the funds responded to requests for comment. Quarterly disclosures of hedge fund managers’ stock holdings in 13F filings with the SEC are one of the few public ways of tracking what the managers are selling and buying. But relying on the filings to develop an investment strategy comes with some risk because the disclosures are made 45 days after the end of each quarter and may not reflect current positions letter j cufflinks uk sale.