Facebook Stock Tumbles 18%, 23andMe Is Sharing Customer Data With Drugmaker Glaxo Smith Kline

  • FACEBOOK FUMBLE: Facebook's (FB) stock fell nearly 20%, losing almost $120 billion in value, Marketwatch reports. The cause for the drop? In Facebook's Wednesday earnings report, the company said it expects revenue to drop in future quarters. 
  • AMAZON EARNINGS: Amazon also reported second-quarter earnings this week. The online retail giant attributed record profits to a boost in ad sales and cloud computing, Reuters reports.   
  • NINE TO FIVE: The nine to five workday is getting in the way of women's progress at work, according to CNN
  • DOMESTIC VIOLENCE LEAVE: New Zealand has enacted a policy that allows victims of domestic violence to receive paid leave for up to ten days, giving them time to find a new home and to get their affairs in order, according to The Guardian
  • 23andMe: Drugmaker Glaxo Smith Kline has teamed up with 23andMe to use the genetic data collected to create new drugs, according to NBC News.

- Alicia McElhaney / She Spends Issue #63

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