Facebook shareholders have voted to approve a restructuring of the company’s stock offering, that makes sure founder CEO Mark Zuckerberg keeps his majority ownership, even if the company issues more stock. You may like this report by Davey Alba of Wired.
Mark Zuckerberg has secured control of Facebook for years to come — Wired
Just in
Industry
Amazon announces $1.31B investment in France
Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web
Amazon Web Services CEO Adam Selipsky to step down — CNBC
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer.
AI
Palo Alto Networks, Accenture expand alliance to offer generative AI services
Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.
Industry
Intel appoints Kevin O’Buckley as SVP and GM of Foundry Services
Intel announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry.
Industry
Squarespace to be acquired by Permira for $6.9B
Squarespace will be acquired by global private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.