Is facebook going to get taken down as a result of it? I've got my doubts. It's like we're dealing with a living thing here in facebook. Some of their fixes, like when they tried to orient people toward interacting moe with friends and family, ended up creating an even bigger problem. But is it a cautionary tale? Do things need to be done? Yes. We hold facebook more accountable because of its power,. Because it's a controlled company where mark okober gets to call the shots, and sold to us by mark zuckeberg and others as well. And yet they seem to wrestle with the same problems that broader society does. In many cases,
Costco ends the fiscal year on a strong note. Nike struggles with global supply chain issues. Adobe posts record revenue. FedEx cuts full-year guidance. Stitch Fix surprises with a quarterly profit. Salesforce and Darden Restaurants hit new all-time highs. And Toast pops 50% on its first day of trading. Emily Flippen and Jason Moser analyze those stories and share two stocks on their radar: Coupang and Compass.
Plus, CNBC host Jon Fortt discusses the latest revelations about Facebook, what investors should know about new Amazon CEO Andy Jassy, and WeWork’s upcoming debut in the public markets.
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