Facebook’s Chief Operating Officer Sheryl Sandberg announced she will leave the social media company after 14 years, leaving behind an advertising legacy that has come to define much of the digital ad ecosystem. While Sandberg was responsible for building Facebook into a corporate giant based on personalized ads, she has also become a polarizing figure over business decisions that helped propagate misinformation and hate speech. As Facebook – now called Meta – aspires to connect users in the metaverse, some experts say that digital advertising could again be on the brink of a revolution.

U.S. lawmakers are proposing smaller, more targeted pieces of gun legislation in response to rising gun violence this year, focusing on age limits and red flag laws that have a higher chance of clearing their chambers. Four people were killed in a mass shooting at a medical building in Tulsa on Wednesday, marking the 233rd mass shooting of 2022.

More than one-third of Americans earning at least $250,000 annually said in a survey they are living paycheck to paycheck, dedicating most of their salaries to mortgages or other housing expenses that skyrocketed during the pandemic. The survey distinguishes living paycheck to paycheck from true financial hardship, defined by a struggle or inability to pay household expenses. The jobs market remained hot in April, driving up wages but also contributing to rising inflation, while unemployment claims in the last week edged lower.

Regulators are warning that outages could grow more common this summer as the nation’s power grid faces heat waves and other extreme weather. New Mexico’s attorney general is heeding regional utility warnings for “worst case scenarios,” while officials in North Dakota and Arkansas are preparing for rolling blackouts and other emergency energy conservation measures. Many of the nation's grid operators are not taking climate change into account in their planning, even as extreme weather becomes more frequent and more severe.

The U.S. Department of Education will forgive $5.8 billion of student loans for those who attended the Corinthian Colleges chain, marking the largest single discharge of student loans in U.S. history. The for-profit schools were found to have deceived students about their job placement rates and students' ability to transfer credits. The announcement comes as the Biden administration reportedly mulls a larger forgiveness plan that would cancel $10,000 in student debt per borrower.

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