Restaurant-delivery company GrubHub provided a lower forecast for a key earnings metric and said Chief Operating Officer Stan Chia resigned to pursue another opportunity, per a regulatory filing. Read more…
This New York Times Facebook Op-Ed Is a Joke
“Lessin makes Facebook’s fake news critics look as if they’re overreacting to the problem, and that there really isn’t much Facebook can do to solve it.” – William Turton
How Much Disclosure About an Op-Ed Author Is Required?
“What neither Lessin nor The Times’s opinion editors told readers is that Lessin and her husband, Sam, have close ties to Facebook and its founder, Mark Zuckerberg. Sam Lessin is a long-time friend of Zuckerberg since their days at Harvard. When young Zuckerberg was shopping for money to start his business, Sam took him around to meet investors. When Sam had a business of his own, Zuckerberg bought it, and then Sam went to work at Facebook. He became the social media giant’s vice president overseeing product, and one of a handful of top executives who reported directly to Zuckerberg. The Facebook founder was even reported to be in the wedding party when Sam and Jessica got married.
“I wouldn’t expect Times editors to necessarily put all that information in a piece explaining Jessica Lessin’s connections to a company she’s writing about. But simply saying her husband “worked at Facebook for a brief period” doesn’t cut it.” – Liz Spayd
“My fellow reporters and editors will argue that I am letting Facebook off too easy. While my husband did work there for a brief period, my position isn’t a defense of the company, which I have covered critically for years. I simply don’t trust Facebook, or any one company, with the responsibility for determining what is true.” – Jessica Lessin