Facebook has promoted Marne Levine, its current vice president of global partnerships, business and corporate development, to the newly created role of chief business officer, Axios has learned.
Why it matters: Levine, who has been at Facebook for more than a decade, is a close confidant to Facebook's chief operating officer Sheryl Sandberg. She replaces outgoing chief revenue officer David Fischer, who was in that position for more than 10 years.
Gaming, on mobile and PCs, is by far the fastest-growing sector globally within the media and entertainment industry, data from PwC finds. Streaming video is also experiencing explosive growth.
Why it matters: While these sectors were always poised to get bigger as the internet developed, the pandemic has seriously expedited their growth, forcing the world’s biggest media companies to reorient their businesses faster than many were prepared to do.
Microsoft is set to share details June 24 on the biggest update to its Windows operating system in years.
Why it matters: Both Chromebook and Apple's Macintosh have gained ground in recent years as Microsoft has made only modest updates to Windows 10.
Amazon is getting pushback after announcing a plan that connects Alexa, Ring and other Amazon devices by default to a network that opens people's broadband connection to shared use by others.
Why it matters: While users can choose to turn off such sharing, most people don't change default settings, meaning their devices will automatically start sharing bandwidth after June 8.
Twitter is partnering with veteran climate journalist and meteorologist Eric Holthaus to launch a local weather news service on the platform called "Tomorrow" that will be built using all of Twitter's new creator products — from paid newsletters to ticketed live audio rooms and more.
Why it matters: "It's the largest collective of writers and experts we've launched with," Twitter's VP of product Mike Park tells Axios.
President Biden still hasn't named permanent leaders at the key agencies overseeing the tech and telecom industries, giving him a late start on confronting powerful U.S. companies.
Why it matters: If Biden doesn't move quickly, there won't be enough time left for his administration to take on big targets and tackle thorny policy problems.
Of the 150 disinformation campaigns that Facebook has caught and removed in the past four years, the U.S. has been the most frequent target by far, according to a new threat intelligence report from Facebook.
Why it matters: While most of the campaigns targeting the U.S. have originated abroad, Facebook found that a significant number of campaigns targeting people in the U.S. have originated from inside the U.S.
Facebook is resuming contributions through its political action committee, but not for any lawmakers who voted against certifying the 2020 U.S. election, according to an internal company letter obtained by Axios.
Why it matters: Facebook was one several major companies that froze political spending after the Jan. 6 Capitol insurrection.
Jeff Bezos isn't just one of the richest men in the world — he has also become one of the most influential executives across an array of industries beyond online retail, including aerospace, newspapers, and now movies.
Why it matters: Bezos' splashy and far-reaching investments distinguish him from other tech leaders who are trying to lay low as regulatory pressures mount.