Company Announcements - Dana Incorporated will host a conference call and webcast on January 24, 2025, at 9 a.m. EST, featuring Chairman and CEO R. Bruce McDonald and CFO Timothy Kraus, who will provide a business update and present the 2025 financial outlook [1] - The company will report its 2024 fourth-quarter and full-year financial results and host a conference call on February 20, 2025 [3] Company Overview - Dana Incorporated is a global leader in designing and manufacturing propulsion and energy-management solutions for vehicles and machines across all mobility markets [4] - The company provides conventional and clean-energy solutions, including drive and motion systems, electrodynamic technologies, thermal, sealing, and digital solutions, supporting nearly every vehicle manufacturer [4] - Dana reported sales of $10.6 billion in 2023 and employs 42,000 people across 31 countries on six continents [5] - The company has a history dating back to 1904 and has been recognized as one of the "World's Most Ethical Companies" for 2023 by Ethisphere and one of "America's Most Responsible Companies 2024" by Newsweek [5] Investor Information - The conference call can be accessed via telephone or online, with audio streaming and slides available on Dana's investor website [2] - A webcast replay will be available on the investor website following the call [2]

Company Policy Changes - Meta announced the end of its third-party fact-checking program, shifting to a user-generated system similar to X's Community Notes [4] - The company will lift restrictions on certain topics and focus enforcement on illegal and high-severity violations while offering a more personalized approach to political content [4] - Meta's new chief global affairs officer, Joel Kaplan, stated that the changes aim to return to a fundamental commitment to free expression [2] Employee Reactions - Some Meta employees expressed concern that the policy changes could lead to an influx of racist and transphobic content, particularly around topics like immigration and gender identity [4] - One employee criticized the decision, stating that it sends a message that facts no longer matter and conflates this with a victory for free speech [4] - Another employee expressed fear that the changes could pave the way for the further spread of misinformation [4] - However, some employees supported the decision, with one noting that X's Community Notes feature has proven to be a better representation of the ground truth [4] Strategic Moves - Meta added new members to its board, including UFC CEO Dana White, a longtime friend of Donald Trump [3] - The company confirmed a $1 million contribution to Trump's inauguration [3] - Meta had already been scaling back its fact-checking program, with the AP's agreement ending in January 2024 [6] Historical Context - Meta previously scrapped an internal fact-checking project in 2023 as part of its massive layoffs, which would have allowed third-party fact-checkers like the Associated Press and Reuters to verify flagged content [5]

Meta's Board Appointments - Meta appointed three new directors to its board, including UFC head Dana White, Exor CEO John Elkann, and former Microsoft executive Charlie Songhurst, bringing the total board members to 13 [2][5] - Dana White expressed his belief in the future of social media and AI, stating that he joined Meta's board due to this conviction [5] - John Elkann, from the Agnelli industrialist family, is the executive chairman of Stellantis and Ferrari, adding significant industry expertise to Meta's board [5] Meta's Strategic Focus - Meta is intensifying its focus on artificial intelligence and wearable technology development, as highlighted by CEO Mark Zuckerberg [6] - Zuckerberg emphasized that the new board members will provide expertise and perspective to help Meta tackle opportunities in AI, wearables, and the future of human connection [6] Meta's Relationship with Trump Administration - Meta founder and CEO Mark Zuckerberg has been making efforts to repair the company's relationship with the incoming Trump administration, including a $1 million donation to Trump's inauguration fund [2] - Zuckerberg dined with Trump at his Mar-a-Lago resort in November, signaling a strategic move to align with the new administration [3] - Meta also appointed Republican stalwart Joel Kaplan to head public affairs, replacing former British deputy prime minister Nick Clegg [3] Dana White's Connection to Trump - Dana White has maintained a close friendship with Trump for two decades, dating back to when Trump offered his venues for UFC events [4] - White's appointment to Meta's board is seen as a strategic move to strengthen ties with the Trump administration, given his close alliance with the President-elect [2][4]

Board Appointments - Meta Platforms elected three new directors to its board: Dana White (CEO of UFC), Charlie Songhurst (investor and former Microsoft executive), and John Elkann (CEO of Exor) [1] - The new directors bring expertise in AI, wearables, and the future of human connection, as highlighted by Meta CEO Mark Zuckerberg [2] Dana White's Background and Relationship with Meta - Dana White has a long-standing relationship with Donald Trump, having supported his candidacy at multiple Republican National Conventions [3] - Zuckerberg and White have developed a personal relationship, with Zuckerberg expressing gratitude for being invited to a UFC fight in 2022 [4][3] Charlie Songhurst's Role - Charlie Songhurst has been part of Meta's AI advisory group since May, providing guidance on strategic opportunities related to the company's roadmap [5] John Elkann's Background - John Elkann is the executive chairman of Stellantis NV and Ferrari, and chairs the nonprofit Agnelli Foundation, which focuses on education [4] Meta's Political Positioning - Meta has been positioning itself for a potential second Trump presidency, with Zuckerberg expressing regret over past content decisions unpopular with conservatives and praising Trump's response to an assassination attempt [5] - The company recently elevated Joel Kaplan, a prominent Republican policy executive, to the position of global affairs head and donated $1 million to Trump's inaugural fund [6]

Meta's Board Expansion and Strategic Moves - Meta's CEO Mark Zuckerberg announced the addition of UFC President Dana White to the company's board of directors, citing White's entrepreneurial success and ability to build a beloved brand [1] - The new board is expected to help Meta capitalize on opportunities in AI, wearables, and the future of social media [1] - Alongside White, Meta also added John Elkann, CEO of Exor, and former Microsoft executive Charlie Songhurst to its board [2] Zuckerberg and White's Business Relationship - Zuckerberg and White have grown closer since Zuckerberg began attending UFC events in 2022, leading to increased collaboration between their businesses [4] - Meta and UFC announced a partnership in 2022, bringing UFC's streaming service to Meta's virtual reality platform, Horizon Worlds [4] - Zuckerberg and White discussed the use of AI in UFC fighter rankings, with White expressing plans to improve rankings and make strong moves by 2025 [4] Zuckerberg's Personal Interests and Net Worth - Zuckerberg has taken up jiu-jitsu and earned a blue belt, raising concerns among Meta executives about the risks associated with his participation in combat sports [6] - As of the announcement, Zuckerberg's net worth was estimated at $217.7 billion, making him the third-wealthiest person in the world [5] Meta's Political and Industry Relationships - Meta donated $1 million to Trump's inaugural fund, alongside Amazon and OpenAI's Sam Altman, as tech leaders sought to strengthen ties with Trump ahead of his presidency [8] - Zuckerberg has had a mixed relationship with Trump and his allies, who have accused Facebook's content moderation policies of favoring Democrats [8]

Board Appointments - Dana White, CEO of UFC, joins Meta's board, bringing expertise in brand building and global sports strategy [1][4] - John Elkann, head of Exor, joins with a background in investment management and global tech ventures [1][6] - Charlie Songhurst, a major tech investor and former Microsoft executive, joins with experience in M&A and partnerships [1][7] Expertise and Perspectives - New board members expected to contribute expertise in AI, wearables, and the future of human connection [2] - Dana White emphasizes his belief in the future of social media and AI, expressing excitement to help Meta grow [3] - John Elkann brings experience from managing diverse investments, including Ferrari, Stellantis, and The Economist Group [6] - Charlie Songhurst's background includes leading acquisitions like Yahoo and Skype, and focusing on Google's emergence [7] Meta's Strategic Focus - Meta is heavily investing in AI, including its large language model LlaMA [3] - The company aims to leverage new board members' expertise to tackle future opportunities in technology and human connection [2] Industry Context - Dana White's addition to the board highlights the growing intersection of live sports and big tech in a changing media ecosystem [5] - John Elkann's involvement underscores the importance of global tech investments and innovation [6] - Charlie Songhurst's experience reflects Meta's focus on strategic partnerships and acquisitions in the tech industry [7]

Dana White, CEO of the Ultimate Fighting Championship and a longtime friend of Donald Trump, is joining the board of Facebook parent Meta two weeks before the new administration begins. Meta CEO Mark Zuckerberg, who had a particularly tense relationship with Trump during the president-elect's first term in office, said in a Facebook post Monday that White has built the UFC "into one of the most valuable, fastest growing, and most popular sports enterprises in the world." "I've admired him as an entrepreneur ...

Meta on Monday announced Dana White will join the company's board of directors.White said he'd "never been interested" in joining a company's board before Meta's offer.White is the CEO of Ultimate Fighting Championship and an ally of Donald Trump's.Dana White, the CEO of Ultimate Fighting Championship and an ally to President-elect Donald Trump, is set to join Meta's board of directors, the company announced on Monday.AD "I've never been interested in joining a board of directors until I got the offer to j ...

MENLO PARK, Calif., Jan. 6, 2025 /PRNewswire/ -- Meta today announced that Dana White, John Elkann and Charlie Songhurst have been elected to the company's board of directors.Mark Zuckerberg, Founder and CEO of Meta, said, "Dana, John and Charlie will add a depth of expertise and perspective that will help us tackle the massive opportunities ahead with AI, wearables and the future of human connection.""I've never been interested in joining a board of directors until I got the offer to join Meta's board. I a ...

MAUMEE, Ohio, Dec. 18, 2024 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the new AdvanTEK® 40 Pro axle system, the next evolution of its distinguished 40,000-pound 6x4 tandem axle system. Designed to meet evolving commercial vehicle fleet requirements with increased efficiency and enhanced overall productivity, the AdvanTEK 40 Pro axle system includes the fastest axle ratio at 2.05 for advanced engine downspeeding. "The new AdvanTEK 40 Pro axle system is a testament to our focus on developi ...