Category: Business

Is Instagram’s removal of its ‘like’ counter a turning point in social media?

Instagram’s recent decision to remove its “like” counter from its platform in select geographic regions is an interesting, perhaps long overdue, measure. Although recently users in Canada reported seeing the “like” counter back on for a day, the counter is currently off. The roll-out is a techno-social experiment, and there are advantages — and a few unintended consequences — of such an action.

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Fast fashion lies: Will they really change their ways in a climate crisis?

Recently Zara introduced a sustainability pledge. But how can Zara ever be sustainable? As the largest fast-fashion retailer in the world, they produce around 450 million garments a year and release 500 new designs a week, about 20,000 a year. Zara’s fast-fashion model has been so successful it has inspired an entire industry to shift — churning out an unprecedented number of fashion garments year-round.

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Why credit rating agencies are still getting away with bad behaviour

International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises from the financial markets collapse of New York City in the mid-1970s, the Asian financial crisis of 1997 – 1998, the Enron scandalof 2001, to the global financial crisis of 2008. All of these cost investors globally billions.

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