Skeptics accuse the company of trying to change the subject from the Facebook Papers, leaked documents that portray it as putting profits ahead of ridding its platform of hate, political strife and misinformation.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Some billionaires vent over Biden plan imposing income tax on richest
ProPublica reported in June that some of the richest Americans have paid no income tax, or nearly none, in some years — including Elon Musk, who paid zero income taxes in 2018.
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Posted inBusiness, Nation & World
Oil giants deny spreading disinformation on climate change
At a landmark House hearing, Democrats accuse industry executives of engaging in a decades-long campaign to conceal evidence about the contribution of fossil fuels to global warming.
Posted inBusiness, Nation & World
Facebook, Google, Twitter face grilling by UK lawmakers
British lawmakers are grilling the tech giants over how they handle online safety as European efforts to regulate social media companies gain momentum.
Posted inBusiness, Nation & World, News
‘Chicken nirvana:’ DOJ takes on industry executives in price-fixing trial
A criminal antitrust trial with 10 defendants who worked in the U.S. chicken industry has gotten underway this week.
Posted inBusiness, Nation & World, News
U.S. jobless claims drop to pandemic low while Maine claims rise
Nationally, 2.2 million people were collecting unemployment checks the week of Oct. 16, down from 7.7 million a year earlier.
Posted inBusiness, Nation & World
U.S. economy slowed sharply to a 2% growth rate last quarter in face of COVID
Economists remain hopeful for a bounce-back in the current October-December period, with confirmed coronavirus cases declining, vaccination rates rising and more Americans venturing out to spend money.
Posted inBusiness, Nation & World
Rise in baguette prices poses crunch for the French
The pressure on the bread industry has been linked to a 30% worldwide increase since September in the price of wheat – one of the baguette’s key ingredients – after bad harvests in Russia.
Posted inBusiness, Nation & World
Report: At least 59,000 meat workers caught COVID last year, and 269 died
The new estimate of infections in the meatpacking industry is nearly three times higher than the number the United Food and Commercial Workers Union has said were infected.
Posted inBusiness, Nation & World
Exacerbated by pandemic, child care crisis hampers economy
The absence of reliable and affordable child care limits the jobs people can accept, makes it harder to climb the corporate ladder and ultimately restricts the ability of the broader economy to grow.