Business Briefs: Facebook, ACT math scores, MoviePassPosted: Updated:
New details on the recent Facebook hack, affecting 30 million users. The Wall Street Journal reports the hackers were marketing scammers, who were looking to make money through deceptive advertising. Originally there were fears the hack could have involved a foreign government. Facebook says the FBI asked the company not to publicly identify the suspects.
More children are struggling with math, with ACT scores hitting a 14-year low. The latest ACT data finds only 40 percent of students are prepared to pass a first-year college algebra class. That number is of particular concern, given the growth of careers in science, technology and engineering, says Cheddar. Last year 1.9 million students took the ACT.
More trouble for the struggling MoviePass. The app's parent company, Helios and Matheson Analytics Inc., is being investigated for fraud. CNBC reports that the New York Attorney General's Office is looking into whether the company mislead investors. It's unclear how much longer MoviePass will survive, after changing its offerings and facing major financial concerns.