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28.09.26 - 22:36
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Why MongoDB Sank Today (Fool)
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In a rather shocking move, MongoDB's CEO left the company to head Meta's new enterprise platform....
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28.09.26 - 21:09
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Meta Could Face Billions In Penalties After New Mexico Facebook Verdict (ZeroHedge)
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Meta Could Face Billions In Penalties After New Mexico Facebook Verdict
A New Mexico jury has found Facebook liable for tens of millions of violations of the state's consumer protection law, potentially exposing the social media platform to billions of dollars in fines.
A Santa Fe jury on Friday found Facebook committed over 43.8 million violations of New Mexico's Unfair Practices Act through false or misleading statements to consumers, according to the state Department of Justice.
"The verdict marks a significant victory for New Mexico consumers and holds one of the world's largest technology companies accountable for its conduct," the department said.
The verdict followed a roughly two-week trial stemming from a lawsuit New Mexico filed in 2021 over Facebook's handling of user data and statements it made to consumers.
As Bill Pan reports further for The Epoch Times, the case traces back to the Cambridge Analytica scandal, in which the now-defunct British political consulting f...
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28.09.26 - 19:48
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Nvidia′s $235 Billion Buyback, SpaceX Milestone and Meta′s AI Push (Bloomberg)
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Bloomberg's Ed Ludlow breaks down Nvidia's decision to boost the size of its share buyback plan by a record $150 billion, taking the total amount to $235 billion. Plus, SpaceX's Starship rocket reaches orbit for the first time, marking a major milestone after an engine failed during ascent and briefly put the mission at risk. And, Meta taps MongoDB's president and CEO to lead a new AI platform for enterprise customers that Meta CEO Mark Zuckerberg called “the next major pillar of our business.” (Source: Bloomberg)...
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28.09.26 - 19:21
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MongoDB CEO′s Abrupt Exit For Meta Stuns Wall Street On Eve Of Investor Day (ZeroHedge)
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MongoDB CEO's Abrupt Exit For Meta Stuns Wall Street On Eve Of Investor Day
MongoDB shares plunged earlier Monday morning after CEO Chirantan "CJ" Desai abruptly stepped down and was tapped to lead Meta's new AI platform for enterprise customers, which Mark Zuckerberg called "the next major pillar of our business."
"To lead this effort, I'm excited that Chirantan "CJ" Desai will join Meta as Chief Enterprise Platform Officer, reporting directly to me," Zuckerberg wrote on X around 0835 local time in New York.
The business unit, called Meta Enterprise Platform, aims to "help businesses use AI to grow and transform in new ways as well," Zuckerberg said.
Zuckerberg continued, "CJ is an experienced enterprise leader with a track record of building full-stack software and delivering results in AI, infrastructure, business applications, and security."
To lead this effort, I'm excited that Chirantan "CJ" Desai will joi...
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28.09.26 - 18:12
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Meta Hires MongoDB CEO to Run New AI Platform (Bloomberg)
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Meta Platforms Inc. has tapped MongoDB Inc.'s president and chief executive officer, Chirantan "CJ" Desai, to lead a new AI platform for enterprise customers. Bloomberg's Seth Fiegerman reports. (Source: Bloomberg)...
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