[ad_1]
INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.
Federal Reserve
The Federal Reserve will meet on Tuesday and will try not to tip the boat.
Some strategists say the Fed has been working hard to keep the meeting and information on its bond buying program running as smoothly as possible.
Twitter is proposing a $ 809.5 million settlement for a 2016 securities class action lawsuit that alleged the company misled investors about its user engagement numbers.
The lawsuit alleged that Twitter provided misleading information to investors about growth indicators in order to make the company appear in better financial health than it was.
Facebook offers a mix of responses – some provocative, others apologetic – following a week-long Wall Street Journal series revealing critical internal reports about the damage caused by its products.
A senior Facebook public affairs official published an article titled “What The Wall Street Journal Wrong,” claiming that the articles “deliberately misrepresent” Facebook’s actions and attribute false motives to them.
In the article, the newspaper reported that Facebook knew how mentally damaging Instagram was for teenage girls, but ignored it, among other things.
[ad_2]
Source link