• The poorest country in the Pacific spent $7 million on 40 Maseratis and 3 Bentleys for the APEC Summit, and people are furious

    24 days ago - By Business Insider

    Papua New Guinea 's government spent $7 million on 40 Maserati and three Bentley Flying Spur luxury sedans to carry world leaders during the Asia-Pacific Economic Cooperation summit, The New York Times reports.
    Government officials said the government would recoup its investment by selling the vehicles after the summit, according to The Times.
    Alan Bollard, APEC's executive director, told The Times that no other APEC member had ever purchased Maserati vehicles to transport world leaders.
    Bentley declined Business Insider's request for comment, and Maserati did not immediately respond to a...
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  • Facebook's Sheryl Sandberg: 'I did not know' about discrediting efforts

    Facebook's Sheryl Sandberg: 'I did not know' about discrediting efforts

    24 days ago - By Stl Today

    The drama and fallout over this week's New York Times investigation into Facebook continued Friday as Chief Operating Officer Sheryl Sandberg defended herself against allegations she knew about company efforts to discredit critics of the social networking giant. In a...
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  • Facebook is sliding after Mark Zuckerberg and Sheryl Sandberg respond to the New York Times exposé

    Facebook is sliding after Mark Zuckerberg and Sheryl Sandberg respond to the New York Times exposé

    24 days ago - By Business Insider

    The New York Times Wednesday published a 6,000-word exposé saying Facebook leadership is "delay, deny and deflect" when dealing with crises, such as Russian interference during the 2016 presidential election.
    Facebook executives responded to the investigation late Thursday, admitting they are too slow but never intended to hide what they knew.
    Shares tanked in March in wake of the Cambridge Analytica data scandal, recovered later, but plunged again after disappointing second-quarter earnings in July.
    Watch Facebook trade live.
    Facebook plunged 4% Friday after executives responded to The...
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