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Month: September 2022

Disney believed Twitter had ‘substantial’ numbers of fake accounts when it weighed acquisition in 2016, ex-CEO says

CNN By Brian Fung and Frank Pallotta, CNN Disney’s analysis of Twitter in connection with a potential 2016 acquisition led the entertainment giant to conclude that “substantial” numbers of accounts on the social media service were fake, according to former Disney CEO Bob Iger. The revelation prompted Disney to lower its estimated value for Twitter,

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Disney believed Twitter had ‘substantial’ numbers of fake accounts when it weighed acquisition in 2016, ex-CEO says

By Brian Fung and Frank Pallotta, CNN Disney’s analysis of Twitter in connection with a potential 2016 acquisition led the entertainment giant to conclude that “substantial” numbers of accounts on the social media service were fake, according to former Disney CEO Bob Iger. The revelation prompted Disney to lower its estimated value for Twitter, said

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Disney believed Twitter had ‘substantial’ numbers of fake accounts when it weighed acquisition in 2016, ex-CEO says

CNN, CNN BUSINESS By Brian Fung and Frank Pallotta, CNN Disney’s analysis of Twitter in connection with a potential 2016 acquisition led the entertainment giant to conclude that “substantial” numbers of accounts on the social media service were fake, according to former Disney CEO Bob Iger. The revelation prompted Disney to lower its estimated value

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White House eliminates potential hurdles for immigrants on public benefits trying to obtain legal status

By Priscilla Alvarez and Geneva Sands, CNN The Biden administration has finalized a rule eliminating potential hurdles for immigrants dependent on public benefits and trying to obtain legal status, according to a newly released regulation. The Trump administration had modified the decades-old regulation, known as “public charge,” in a way that would have reshaped the

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‘We need to act right now’: Fed Chairman Powell vows to continue aggressive inflation fight

CNN Martha C. White for CNN Business At a think tank conference Thursday, Federal Reserve Chairman Jerome Powell reiterated his pledge to stay the course on the central bank’s aggressive inflation-busting policy. “The Fed has, and accepts, responsibility for price stability,” he said at the Cato Institute’s 40th Annual Monetary Conference. “We need to act

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‘We need to act right now’: Fed Chairman Powell vows to continue aggressive inflation fight

Martha C. White for CNN Business At a think tank conference Thursday, Federal Reserve Chairman Jerome Powell reiterated his pledge to stay the course on the central bank’s aggressive inflation-busting policy. “The Fed has, and accepts, responsibility for price stability,” he said at the Cato Institute’s 40th Annual Monetary Conference. “We need to act right

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