The Securities and Exchange Commission is investigating Activision Blizzard in regards to the company's recent scandal over sexual misconduct and discrimination at the company, the Wall Street Journal reports.
Why it matters: The investigation is the latest in a series of high-profile escalations against Activision Blizzard.
Twitter on Monday said it agreed to pay $809.5 million to settle a class-action lawsuit that alleged the tech giant misled investors about user metrics.
Why it matters: Tech companies have long faced criticism for the accuracy of the metrics they report publicly. Facebook has faced similar lawsuits.
Thomas H. Lee Partners agreed to buy the semiconductor manufacturing automation business of Brooks Automation (Nasdaq: BRKS) for $3 billion.
Why it matters: This is a structural shift for Chelmsford, Mass.-based Brooks, which previously said it would split its chip manufacturing unit from its life sciences unit, with each to operate as independent public companies.
Facebook is offering a mix of responses — some defiant, others conciliatory — in the wake of a weeklong Wall Street Journal series revealing critical internal reports about harms created by its products.
Between the lines: Facebook is looking to defend itself against the specific criticisms without further antagonizing regulators and legislators who already view the company as brazen and dangerous.
Apple is teaming up with Tennessee State University and professor Learotha Williams to create an app showing how the civil rights movement in the Jim Crow South grew out of North Nashville and the city’s HBCUs.
Flashback: John Lewis, James Lawson and Diane Nash are among the civil rights icons who met in Nashville before participating in iconic events like the Freedom Rides, Bloody Sunday and the March on Washington.
Governments around the world are finding it easier than ever to make the internet, and the companies that run it, knuckle under.
Driving the news: Russia Friday forced Apple and Google to remove an app that supporters of dissident leader Alexei Navalny had created to coordinate opposition votes in Russian elections.
RuPaul made Emmy history with his 11th win at the awards on Sunday night.
Why it matters: That makes him the most decorated Black artist since the event began in 1949, per EW. He's also the most-awarded person of color, Variety notes.
Nick Clegg, Facebook's vice president of global affairs, tells me the company will try to provide more data to outside researchers to scrutinize the health of activity on Facebook and Instagram, following The Wall Street Journal's brutal look at internal documents.
Driving the news: Clegg didn't say that in his public response to the series. So I called him to push for what Facebook will actually do differently given the new dangers raised by The Journal.
