SOCIAL MEDIA – Former execs say Facebook ‘exploits’ psychology to addict users

Facebook responded Tuesday to criticisms from a former executive who said the social media giant’s addictive nature was “ripping apart the social fabric”, saying it was working to understand the platform’s effects on “well-being”. The social media giant issued its statement after Chamath Palihapitiya, a former Facebook vice-president for user growth between 2007 and 2011, said… Please follow and like us:

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These major retailers are closing 1,000 stores in 2018

The new year could be another difficult one for traditional retailers. After closing more than 5,000 stores in 2017, we’re already getting word of closings for 2018. In 2017, the store closure and bankruptcy announcements began in January, right after the Christmas shopping season. RELATED: This retail secret may trick right-handed shoppers into spending more money… Please follow and like us:

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Chastened Deutsche Bank plots more moderate course

As it emerges from years dogged by scandal, Germany’s biggest lender Deutsche Bank aims to up profitability and reclaim a place on the global stage to rival giant American competitors. But the bank warns profits will never again reach the risk-fuelled heights of the pre-financial crisis era as it grinds through a deep restructuring, adjusts to… Please follow and like us:

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J.C. Penney reports a wider-than-expected loss; stock at historic lows

DALLAS — J.C. Penney reported a bigger loss than expected on Friday as margins took a hit from liquidation sales. In its second quarter, Penney, based outside Dallas, closed 127 stores of the 138 stores it has said it will close this year but still managed to post a sales increase of 1.5 percent. The retailer’s… Please follow and like us:

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