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NEW YORK (Reuters) - With European and U.S. lawmakers calling for investigations into reports that Facebook user data was accessed by UK based consultancy Cambridge Analytica to help President Donald Trump win the 2016 election, investors are asking even more questions about the social media company's operations.
An increasingly vocal base of investors who put their money where their values are had already started to sour on Facebook, one of the market's tech darlings.
Jennifer Sireklove, director of responsible investing at Seattle-based Parametric, a money manager with $200 billion in assets, said an increasing number of ethics-focused investors were avoiding Facebook and other social media companies, even before the most recent reports about privacy breaches.
New York City Comptroller Scott Stringer, who oversees $193 billion in city pension fund assets, said in a statement to Reuters on Monday that, "as investors in Facebook, we're closely following what are very alarming reports.
March 19 (Reuters) - Facebook chief information security officer Alex Stamos is leaving the company in August, a source said on Monday, and a report cited internal disagreements over how the social network should deal with its role in spreading disinformation.
Not denying his exit, Stamos tweeted that his role at the company did change, but he was still fully engaged with work at Facebook.
Stamos' responsibilities were reassigned in December after which Stamos said he would leave the company, the Times said.
Stamos was persuaded to stay through August to oversee the transition of his duties because company executives thought his exit would look bad, it said, citing current and former employees.
But it's not just young people who may have lost interest in the 24/7 TV news coverage.
The two companies are well known to millennials, so they just might be able to change the perception that TV news is for the older folks.
So, perhaps this is the opportune moment for millennial-focused companies like Facebook and Netflix to test their hand at hard news videos.
If any company has the budget to play around with a news show, it's Netflix.
Apple is reportedly ordering between 70 million and 80 million 5.9-inch OLED panels suitable for such a device while only buying between 40 million and 50 million 6.5-inch OLED panels for the larger model.
The key, though, is to realize that these numbers are for the entirety of 2018, which means that a large chunk of those 70 million to 80 million 5.9-inch OLED panel orders in 2018 will be for the iPhone X that's currently available for sale.
Based on the numbers DIGITIMES is putting out there, Apple seemingly expects the higher-end OLED based iPhone models to, in aggregate, outsell the upcoming LCD model.
Put another way, Apple seems to be expecting to build slightly more units of the iPhone X Plus than of the next-generation iPhone X, which could mean that Apple expects to sell more of the former than of the latter.
March 19 (Reuters) - Facebook's chief information security officer Alex Stamos is leaving the company, New York Times reported on Monday, citing current and former employees briefed on the matter.
Stamos' exit follows internal disagreements over how Facebook should deal with its role in spreading disinformation, NYT said http://nyti.
(Reporting by Sangameswaran S in Bengaluru;
Rather, the real meat of the announcement is bringing voice commerce to the Google Assistant platform.
With the rise of smart speakers and the nascent market for voice commerce, Google is still looking to keep up with Amazon.
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Image source: Voicebot Smart Speaker Consumer Adoption Report January 2018.
Further justifying Google's announcement, the study found that Google Home users are "surprisingly" 50% more likely to have made a voice purchase than Amazon Echo users.