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Here’s your weekly roundup of tech and business news so that you can make intelligent conversation even if you’re still recovering from Saturday’s mint juleps. Enjoy the rest of your weekend.


APRIL 28-MaY 4

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Facebook barred seven extremist figures, mostly right-wing polemicists, from its platforms on Thursday. Among them are the conspiracy theorist Alex Jones, the far-right media personality Milo Yiannopoulos and the black nationalist minister Louis Farrakhan. The tech company said the ban was part of a redoubled effort to crack down on those who “promote or engage in violence and hate, regardless of ideology,” and vowed to more strictly enforce its policies against “dangerous individuals and organizations.” The decision follows increasing pressure to stop the spread of hateful content and misinformation on social media. But critics accused Facebook of censoring conservative opinions and tamping down free speech.

President Trump backed out of nominating his loyal economic adviser Stephen Moore for a seat on the Federal Reserve Board on Thursday via Twitter. His about-face seemed to catch Mr. Moore by surprise, although it followed weeks of scrutiny of Mr. Moore’s questionable qualifications and long history of making disturbing comments about women. (As a conservative opinion columnist, Mr. Moore has been an outspoken opponent of equal rights, and stated multiple times that women should not make more money than men.) But was it his writings that doomed his chances — or his disagreement with Mr. Trump’s call for the Fed to cut interest rates by a full percentage point, which he aired just hours before Mr. Trump abruptly dropped him?

The latest revelation in the college admissions scandal: The parents who reportedly paid $6.5 million to the disgraced college consultant William Singer to secure a spot for their daughter at Stanford University have been identified. (They live in Beijing and have not been charged, and their daughter is no longer enrolled.) The family was introduced to Mr. Singer by their financial adviser at a Morgan Stanley office in Pasadena, Calif. The bank has since fired that adviser and is cooperating with the investigation, which has now ensnared over 50 people.




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