With social media and the internet nearing its 20th anniversary since its introduction to society, Facebook has made a decision to partner with a German news agency, DPA, to ensure companies are telling the truth! In a world of “fake news”, the stance against false advertisement and meddling is becoming more intolerable as it has started interfering with politics and policies that have been in place for years prior to the fairly new social media era. Places like Germany are taking drastic measures to put an end to “hate speeches” so much so that they have put laws in place that now force companies to delete posts found unsuitable or offensive. Companies that refuse to follow the rules risk the chance of being fined up to 50 million euros.
Purdue Pharma LP the maker of the pain narcotic OxyCotin is currently evaluating bankruptcy filing options. This follows a potential two-thousand lawsuits against the company due to their contribution in the opioid crisis extending across the United States.
Following a $4.3 Billion Dollar Loss Warren Buffett Says Berkshire Inc. Overpaid for Kraft Heinz. On Friday Kraft Heinz’s share price dropped by 27.5 percent, causing Berkshire Hathaway Inc. to lose $4.3 billion on its 26.7 percent ownership of the packaged foods company.
Monday night Payless ShoeSource filed for bankruptcy protection as the retailer arranges to shut down nearly 2,500 U.S. locations.