Bulletins

The EU and UK opened new antitrust investigations into Facebook

Facebook
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EU and U.K. regulators launched new antitrust investigations into Facebook's ad data use on Friday. The European Commission said it was investigating whether Facebook used ad data to compete with advertisers on classified ads, while the U.K.'s Competition and Markets Authority said it was looking into similar allegations around online dating as well.

"When advertising their services on Facebook, companies, which also compete directly with Facebook, may provide it commercially valuable data. Facebook might then use this data in order to compete against the companies which provided it," the European Commission said in a statement. The Commission is particularly concerned about whether Facebook uses other classified ad companies' data to help Facebook Marketplace, its classified ads site, outcompete the competition.

The European Commission is also investigating whether Facebook illegally "ties" Facebook Marketplace to the main Facebook social network. Both U.K. and EU authorities said they would collaborate on the investigations.

Protocol | Workplace

Performance reviews suck. Here's how to fix them.

Slack integrations and keywords and AI, oh my!

Time will tell how smart HR technology has the potential to be, or how smart users want it to be.

Image: Christopher T. Fong/Protocol

Arguably nothing elicits more of a collective groan at work than performance review season. Managers hate giving them. Employees theoretically want them, but dread receiving them. It's as clear how much time and effort they take as it is unclear how useful formal performance reviews actually are in measuring and evaluating performance.

It's an arena ripe for disruption.

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Michelle Ma
Michelle Ma (@himichellema) is a reporter at Protocol, where she writes about management, leadership and workplace issues in tech. Previously, she was a news editor of live journalism and special coverage for The Wall Street Journal. Prior to that, she worked as a staff writer at Wirecutter. She can be reached at mma@protocol.com.


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Protocol | Workplace

This startup will fire unvaxxed workers. Big Tech won’t say the same.

In an industry built for remote work, will companies fire workers who refuse to get vaccinated?

Several big tech companies stopped short of saying whether they would fire workers for not getting vaccinated.

Illustration: simplehappyart via Getty Images

As employers wait for the Department of Labor to issue a new rule requiring employee vaccine mandates, a big question looms: Will companies fire workers who don't comply?

Many of the tech giants won't say. A couple of companies have confirmed that they won't: Both Hewlett Packard Enterprise and Pure Storage said vaccination is not a condition of employment, though it's required to come to the office.

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Allison Levitsky
Allison Levitsky is a reporter at Protocol covering workplace issues in tech. She previously covered big tech companies and the tech workforce for the Silicon Valley Business Journal. Allison grew up in the Bay Area and graduated from UC Berkeley.

With Andrew Bosworth, Facebook just appointed a metaverse CTO

The AR/VR executive isn't just putting a focus on Facebook's hardware efforts, but on a future without the big blue app.

Andrew Bosworth has led Facebook's hardware efforts. As the company's CTO, he's expected to put a major focus on the metaverse.

Photo: Christian Charisius/Getty Images

Facebook is getting ready for the metaverse: The company's decision to replace outgoing CTO Mike "Schrep" Schroepfer with hardware SVP Andrew "Boz" Bosworth is not only a signal that the company is committed to AR and VR for years to come; it also shows that Facebook execs see the metaverse as a foundational technology, with the potential to eventually replace current cash cows like the company's core "big blue" Facebook app.

Bosworth has been with Facebook since 2006 and is among Mark Zuckerberg's closest allies, but he's arguably gotten the most attention for leading the company's AR/VR and consumer hardware efforts.

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Janko Roettgers

Janko Roettgers (@jank0) is a senior reporter at Protocol, reporting on the shifting power dynamics between tech, media, and entertainment, including the impact of new technologies. Previously, Janko was Variety's first-ever technology writer in San Francisco, where he covered big tech and emerging technologies. He has reported for Gigaom, Frankfurter Rundschau, Berliner Zeitung, and ORF, among others. He has written three books on consumer cord-cutting and online music and co-edited an anthology on internet subcultures. He lives with his family in Oakland.

Protocol | Fintech

Here’s everything going wrong at Binance

Binance trades far more crypto than rivals like Coinbase and FTX. Its regulatory challenges and legal issues in the U.S., EU and China loom just as large.

Binance CEO Changpeng Zhao is overseeing a global crypto empire with global problems.

Photo: Akio Kon/Bloomberg via Getty Images

Binance, the largest global crypto exchange, has been hit by a raft of regulatory challenges worldwide that only seem to increase.

It's the biggest example of what worries regulators in crypto: unfettered investor access to a range of digital tokens finance officials have never heard of, without the traditional investor protections of regulated markets.

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Tomio Geron

Tomio Geron ( @tomiogeron) is a San Francisco-based reporter covering fintech. He was previously a reporter and editor at The Wall Street Journal, covering venture capital and startups. Before that, he worked as a staff writer at Forbes, covering social media and venture capital, and also edited the Midas List of top tech investors. He has also worked at newspapers covering crime, courts, health and other topics. He can be reached at tgeron@protocol.com or tgeron@protonmail.com.

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