(Bloomberg) -- The North Face, the sports and outerwear brand owned by VF Corp., said it’s ending paid advertising on Facebook over concern the social-media company is allowing racist content and disinformation to propagate.“We know that for too long harmful, racist rhetoric and misinformation has made the world unequal and unsafe, and we stand with the NAACP and the other organizations who are working to StopHateforProfit,” the company said in an emailed statement following a Twitter posting.REI Co-Op, which also sells sporting gear, and Upwork Inc., an online recruitment services provider, said they will suspend advertising in July.Facebook and Chief Executive Officer Mark Zuckerberg have come under fire for failing to stop the spread of political disinformation and allowing violent or hateful rhetoric to thrive on the site. While Facebook has pulled some campaign ads for President Donald Trump, the site hasn’t taken action on other posts that were removed from...
Amazon (AMZN) shares clocked an all-time high last week by reaching $2,722.35. According to Needham analyst Laura Martin, that milestone will soon be left in the dust as the all-conquering Amazon is heading towards $3,200.As it happens, $3,200 is only Martin’s short-term goal. Over time, Martin reckons Amazon stock could be worth up to $5,000 per share, based on what the 5-star analyst calls "Amazon’s hidden value multiplier."There are several of these. One is a TAM (total addressable market) expansion multiplier, based on “AMZN's track record of TAM-expanding decisions that elongate its growth runway, drive higher profitability, and lower shareholder risk via revenue-stream diversification.”This comes down to Amazon’s knack for adding “enormous” new markets, or “areas of investment” that could not be seen “3-5 years prior to the investments.”Another aspect of Martin’s bullish thesis concerns the way we view Amazon. Referring to the giant as merely an e-commerce company, whose focus...
Henry Morley, Founder & CEO of True Luxury Travel, joined Yahoo Finance's The Final Round to discuss summer travel trends and why his clients have been turning to 'drive to' and 'off grid' destinations....
A nearly $500 billion highway funding bill headed to the House floor faces an uphill battle, with critics saying it's partisan and focuses too much on "green" transport. ...
