Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge 
Domino’s Weighs Appeal After Australian Court Rules Workers Were Misled on Pay 
Macquarie Names Greg Ward as CEO, Signaling Stability and Strategic Continuity 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch 
Cathay Pacific Sees H1 Profit Surge on Strong Travel Demand 
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook 
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment 
Belimo H1 Sales Surge as AI Data Center Cooling Drives More Than Half of Growth 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
Scandinavian Tobacco Group Sells BREAK and Moro Brands to Japan Tobacco for €176 Million 
Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas 
Facebook will lose another executive before the end of this year begins. David Fischer, FB’s chief revenue officer, announced his decision to leave the company.
Fischer’s departure message
Fischer posted a message on his Facebook page to let everyone know about his plans. He also said that he is proud to be part of the company and wishes it will further achieve its goals.
“I want to share the news that I’ve decided to leave Facebook toward the end of this year,” he wrote on Facebook. “This has been the job of a lifetime and I am immensely proud of all that we have accomplished over the past eleven years, and am optimistic about the path the company is on.”
He went on to say that he will stay for a bit to “focus on advancing our mission and ensuring a smooth transition.” As for the reason why he is quitting, Fischer said that he wants to spend more time with his family and friends and this is his main goal today. He would like to travel once it is safe to do so and “then think about what challenges to take on next.”
As per Bloomberg, to find someone who will replace Fischer, Facebook’s spokeswoman said the company would look internally and externally to see who fits the bill. As of the moment, Fischer will remain in his office and help with the transition.
But there is another report that says Facebook will no longer fill up the chief revenue officer post. Rather, a chief business officer post will be created, and this will be the role that Fischer’s successor will assume. His work will also include the management of partnerships, and Fischer himself will head the search for the right person for this position.
About Fischer
David Fischer, as Facebook’s chief revenue officer, led Mark Zuckerberg’s company’s advertising business. He is also in charge of the worldwide sales organization. He has been working for the firm since 2010.
Before joining FB, he was part of Alphabet Inc.’s Google and worked there with Facebook’s current chief operating officer, Sheryl Sandberg. In the late 90s, the two were employed together in the U.S. Treasury Department under Bill Clinton’s administration.
