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FAANG Report: Google overhauls sexual harassment policy; Netflix ready for streaming battle with Disney

Facebook making available a feature to unsend messages, but only for 10 minutes

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Google overhauls sexual harassment policies.

Alphabet Inc's Google (NASDAQ:GOOG) announced on Friday an overhaul of its policy in handling sexual harassment charges, following the walkout of thousands of its employees worldwide over the company's handling of such cases. 

Among the changes are to make arbitration options for individual sexual harassment and sexual assault claims, Google CEO Sundar Pichai said in the blog published by the company.

"We’re revamping the way we handle and look into your concerns in three ways: We’re overhauling our reporting channels by bringing them together on one dedicated site and including live support. We will enhance the processes we use to handle concerns - including the ability for Googlers to be accompanied by a support person."

Google shares dropped 2.5% to $1,055.06 late on Friday.

READ: Google walkout - Employees stage global protest over sexual harassment, workplace culture

Facebook Inc (NASDAQ:FB) will soon make available to everyone the unsend message feature that it had previously reserved for its top brass, a report by Engadget said.

The report said though that users only get 10 minutes to take back a direct message before it's read. The short window makes WhatsApp's hour-long deletion period seem generous in comparison.

Facebook had been covertly deleting messages sent by Mark Zuckerberg and other execs from people's inboxes. The social network said it had taken the steps for corporate security.

Facebook stock fell 2.32% to $144.44.

Netflix Inc (NASDAQ:NFLX) CEO Reed Hastings said he is looking forward to going up against Walt Disney Co (NYSE:DIS) when the entertainment giant releases its online streaming service, a report by the BBC said.

"We've been competing with Amazon for more than 10 years, so we're used to healthy, strong competition," he said. "It makes us better."

Disney Plus has been called the 'Netflix Killer' and is expected to give Netflix and the rival Amazon Plus a run for their money.

Netflix stock declined 5.5% to $300.36.

READ: Amazon gives all US customers free shipping with no minimum purchases during holiday season

More Apple Inc (NASDAQ:AAPL) products are coming to Amazon.com Inc (NASDAQ:AMZN) in a deal between the two technology giants, a report by CNBC said.

The agreement means the latest Apple products like the iPhone XR, XS and XS Max will be available on Amazon.

Independent resellers will no longer be able to sell Apple products on the site without Apple's authorization after January 4, 2019. The one big exception: Apple's HomePod smart speaker will not be available on Amazon.

Apple shares retreated 2.59% to $203.09.

Amazon stock lost 2.75% to $1,706.60.

Reporting by Rene Pastor, contactable on rene.pastor@proactiveinvestors.com

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Market: NASDAQ
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