Morning Report: Facebook users can now claim settlement money

Facebook will have to pay $725 million to users in a class action settlement. Users who were active on the site between May 2007 and December 2022 can file a claim through facebookuserprivacysettlement.com. The settlement is centered around Facebook’s relationship with Cambridge Analytica, which harvested data from 87 million users. Meta, the parent company of Facebook, did not admit to any wrongdoing as part of the settlement.

A report from Bloomberg finds that a second wave of job cuts is coming to Disney. The company is ready to cut thousands of jobs. Employees could see pink slips rolled out as soon as April 24th.

Stocks dipped Wednesday as investors digested another round of earnings.
Interest rates also ticked higher, spooking investors.

The latest CNBC All-America Economic Survey reveals that Americans are feeling discouraged. A record 69% of the public holds negative views about the economy, both now and in the future. Just 24% feel that now is a good time to invest in stocks. That’s the lowest reading in the survey’s 17 year history. Despite the negative outlook, 63% of employed Americans are not worried about losing their jobs. That’s up 5 points from November. Finally, 37% of respondents expect their wages to increase in the next year.

A new survey found half of Americans believe that major companies need to be accountable for the waste they generate. In fact, 60% think that companies should have some sustainability plan. The study also found that 58% were more likely to shop from eco-friendly companies that sustainably manage waste their products. The study was commissioned by Covanta and conducted by OnePoll.