Facebook has been aware of real-world harms propagated by its platforms and ignored warnings from employees about those dangers, according to thethat the platform is used for sex trafficking, helps spread vaccine misinformation and damages the mental health of users, particularly young users, among other allegations.
The recent allegations, which are backed by thousands of pages of internal Facebook documents, are far from what investors think of as socially responsible, says Andrew Behar, CEO of As You Sow, a nonprofit foundation that promotes corporate social responsibility. A company that reportedly targets products to minors despite its own research showing that some teenage girls have committed suicide as a result is not what many socially conscious investors want their money to support, he says.
But there's no agreed upon standard for measuring ESG factors. Fund companies create their own metrics for measuring how sustainable a company is in different areas. Different funds with similar objectives often hold different companies, depending on how the fund manager scores companies.
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Facebook invests billions in metaverse efforts as ad business slowsFacebook Inc said on Monday it will start breaking out the financials for its virtual and augmented reality unit, an announcement that comes as its main advertising businesses face 'significant uncertainty.'
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Google search rival Ecosia launches $405 million VC fund to back climate tech start-upsThe so-called World Fund will invest in the 'next generation' of founders looking to tackle climate change, Ecosia said. ❤ 👏👏 We love this Ecosia!💚
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Goldman Sachs says investing in China is more challenging now, but the country isn't 'uninvestable'Certain segments of the Chinese stock market have 'done very well this year,' says Timothy Moe of Goldman Sachs. The political volatility makes owning Chinese companies too risky to justify. There are plenty of good foreign investments that aren't beholden to a communist government. Profits made outside of US should be taxed at a higher rate 🤨 If u ask me the U.S. has invested enough in China. All that stolen intellectual property and stuff
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Facebook did little to moderate posts in the world’s most violent countriesIn many of the world’s most dangerous conflict zones, Facebook has repeatedly failed to protect its users, combat hate speech targeting minority groups and hire enough local staff to quell religious sectarianism. Sorry! Nobody should have the power to control speech good or bad. Use parental controls. Freedom of speech is not to be tampered with. Are you people okay?
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Goldman, Morgan Stanley update their top stock picks as green investing boomsWall Street analysts have picked a host of new ESG-related stocks they expect to benefit from the global push to meet net-zero emissions goals.
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MarketWatch Investing in CryptoCrypto keeps moving closer to the mainstream but not without dramatic -- and sometimes seemingly nonsensical -- swings in the market. MarketWatch and Barron’s journalists will convene top experts in crypto and other financial pros to make sense of it all and identify the opportunities and risks that lie ahead for investors. Themes include: Market Check Up, Into the Ether, Big Money & Regulation
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