Business Briefs: Facebook ads, Ford, SnapPosted: Updated:
The House Intelligence Committee published 3,500 Russian-bought Facebook ads. The majority appear to target divisive issues like gun control, race relations and immigration. In a blog post, Facebook admitted it was too slow to spot the Russian interference and is making changes to its ad policy.
Ford is pausing production of the F-150. A fire earlier this month at a Michigan plant led to a supply shortage. The automaker says the suspension is a fluid situation, but it could last for several weeks. The F-150 has been the top selling American car for over 40 years.
Snap’s CEO was the most well-paid executive in 2017 by a long shot. Evan Spiegel made over $500 million, hundreds of millions more than other industry leaders. The next highest paid tech CEO is Elon Musk, who made $150 million, followed by Google CEO Sundar Pichai with $144 million.