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Facebook FB 1.83% says it’s helping millions of the world’s poorest people get online through apps and services that allow them to use internet data free. Internal company documents show that many of these people end up being charged in amounts that collectively add up to an estimated millions of dollars a month. To attract […]

Fetch Rewards Inc., a SoftBank-backed consumer rewards company, has named David Sommer as its first chief customer officer, the company said. Mr. Sommer was previously head of industry at Facebook parent Meta Platforms Inc., overseeing the accounts of the company’s largest retail and consumer packaged goods clients, such as Walmart Inc. and Procter & Gamble […]

Moonshot stocks are coming back to Earth. As the Federal Reserve moves closer to raising interest rates, investors are repricing their bets on one of the riskiest corners of the market: shares of companies that don’t make money. Cash-burning technology firms, biotechnology companies without any approved drugs and startups that listed quickly via mergers with […]

Jan. 6, 2022 4:40 pm ET Meta CEO Mark Zuckerberg. Photo: Nick Wass/Associated Press In “No Facebook Funding for Elections” (op-ed, Dec. 31), Tarren Bragdon and Joe Horvath endorse a ban on private funding for public election administration. The problem they target—partisan spending by public officials—may be real, but their proposed ban is a significant […]

Consumer credit risk was in retreat in 2021. It might begin to return next year, though not necessarily in a way that should worry bank investors yet. The average rate of delinquent payments rose from October to November across loans from six large credit-card banks, according to master trust figures compiled by S&P Global Market […]

The day after former Facebook employee and whistleblower Frances Haugen went public in October, the company’s team in Washington started working the phones. To lawmakers and advocacy groups on the right, according to people familiar with the conversations, their message was that Ms. Haugen was trying to help Democrats. Within hours, several conservative news outlets […]