Advocates call for an end to plans to launch kids’ Instagram

Advocates call for an end to plans to launch kids' Instagram

 An advocacy group on Thursday called on Facebook Chief Executive Officer Mark Zuckerberg not to create a version of photo-sharing app Instagram for children who are under 13, as it would put them at “great risk.” The letter to Zuckerberg from the Campaign for a Commercial-Free Childhood (CCFC) comes at a time the world’s largest social network … Read more

Kevin Durant scores huge return on Coinbase investment

Kevin Durant scores huge return on Coinbase investment

Kevin Durant sat out Wednesday night — as his bank account soared. On Wednesday, the Nets star saw his Coinbase investment pay off when the digital currency exchange platform hit the public markets with a whopping $86 billion valuation. It marks Durant’s largest investment victory to date with his Thirty Five Ventures company. The cryptocurrency stock … Read more

Veterans included in latest round

Veterans included in latest round

The feds just doled out another 2 million stimulus checks — and a large chunk of them went to veterans. The Internal Revenue Service’s fifth batch of coronavirus relief payments under the American Rescue Plan included more than 320,000 checks for people relying Department of Veterans Affairs benefits, officials said. Those taxpayers are receiving compensation … Read more

576,000 filed in new low for COVID crisis

576,000 filed in new low for COVID crisis

The number of Americans seeking unemployment benefits plunged last week to its lowest level since the start of the coronavirus crisis, the feds said Thursday. The latest batch of 576,000 initial jobless claims brought the total for the COVID-19 pandemic to roughly 79.6 million — a figure equivalent to nearly half the nation’s workforce. But … Read more

Coinbase CEO Brian Armstrong’s fortune explodes with listing

Coinbase CEO Brian Armstrong's fortune explodes with listing

Cryptocurrency made Brian Armstrong rich, but the stock market made him even richer. The Coinbase co-founder and CEO climbed the ranks of the world’s wealthiest people this week thanks to his crypto exchange’s blockbuster market debut. Armstrong’s fortune ballooned to $12.6 billion as Coinbase shares surged 31 percent on their first day of trading Wednesday, … Read more

Facebook spent $23.4M on security for Mark Zuckerberg in 2020

Facebook spent $23.4M on security for Mark Zuckerberg in 2020

Facebook shelled out roughly $23.4 million in 2020 to protect its founder and CEO Mark Zuckerberg. The massive amount includes about $13.4 million for personal security for Zuckerberg, along with an additional annual $10 million pre-tax allowance for the protection of his family, according to a Proxy statement filed by Facebook last Friday. Zuckerberg’s company-instituted … Read more