Tag Archives: Facebook

A judge on Monday dismissed the Federal Trade Commission’s (FTC) antitrust lawsuit against Facebook and a separate antitrust lawsuit brought by dozens of attorneys general. Both suits alleged the social media giant is violating antitrust law by buying up competitors and depriving consumers of alternatives that would better protect their privacy. Facebook’s (FB) stock price was higher in late-afternoon trading, pushing the company’s market valuation past $1 trillion for the first time. The FTC… Source link

COPENHAGEN, June 28 (Reuters) – Denmark’s media industry is banding together to negotiate payments for news with Google and Facebook, the first attempt in Europe to collectively pursue claims with the tech giants. Representatives of 29 Danish media companies, including state broadcaster DR, partly state-funded TV2, as well as most major newspaper publishers, will gather on Friday for their first meeting. “We believe that a collective management of our rights will make for the best and most… Source link

WASHINGTON—A House committee approved far-reaching legislation to curb the market dominance of tech giants, including Alphabet Inc.’s Google and Facebook Inc., but much of the effort faced intensive lobbying by affected firms that slowed the committee’s work and foreshadowed a pitched battle in the Senate. In a package of six bills, the most significant measure to pass by late Wednesday requires that the largest internet platforms make it easier for users to transport their data to… Source link

Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. BRASÍLIA, June 23 (Reuters) – A Brazilian Senate committee on Wednesday formally approved a request to call representatives of Google (GOOGL.O), Facebook (FB.O) and Twitter (TWTR.N) to testify in an ongoing probe into the government’s handling of the COVID-19 pandemic. Senators want to look into what role the companies had in helping to spread potentially dangerous misinformation during the pandemic.

The government’s attempt 20 years ago to split up Microsoft failed, and sanctions didn’t break its hold on the desktop, but many of Windows’ current challenges stem from how the company reacted to its years of fighting regulators around the world. Why it matters: Facebook, Google, Amazon and Apple all face threats from regulators. Even if the companies win those conflicts, just fighting the battle can put them at a disadvantage. The big picture: The direct consequences of antitrust action… Source link

Amazon CEO Jeff Bezos announces the co-founding of The Climate Pledge at the National Press Club on September 19, 2019, in Washington. Paul Morigi | Getty Images | Amazon A group of seven tech companies urged the Securities and Exchange Commission to require businesses to regularly disclose climate-related matters to their shareholders. In a letter to SEC Chairman Gary Gensler on Friday, Google parent Alphabet, Amazon, Autodesk, eBay, Facebook, Intel and Salesforce shared their view in response… Source link

Amazon, Apple, Facebook and Google could be forced to overhaul their business practices under a new expansive set of antitrust reforms introduced by a bipartisan group of House lawmakers on Friday. The package of five bills, earlier reported by CNBC and other outlets, would make it harder for dominant platforms to complete mergers and prohibit them from owning businesses that present clear conflicts of interest. The legislation represents the most comprehensive effort to reform century-old… Source link

Facing regulatory and political pressure, Facebook and Alphabet Inc’s Google in recent years committed a combined $600 million to support news outlets globally – many of them local or regional enterprises foundering in a digital age. Thousands of media outlets received financial and other support for everything from fact checking and reporting to training, according to the tech giants’ announcements. Some publishers express gratitude for contributions they say are essential as advertising… Source link

U.S. House Impeachment manager David Cicilline (D-RI) speaks on the second day of former President Donald Trump’s second impeachment trial at the U.S. Capitol on February 10, 2021 in Washington, DC. congress.gov via Getty Images A group of House Democrats is circulating discussion drafts of antitrust bills that would force the biggest tech companies to change parts of their business models and curtail large acquisitions, according to copies obtained by CNBC. While the drafts could still change… Source link

Less than two hours before Apple’s big Worldwide Developers Conference, Facebook CEO Mark Zuckerberg announced that the company would be launching a new interface for creators that shows how different fees affect their earnings on the platform. The announcement comes as Apple is under intense scrutiny for its App Store fees. Here’s a preview of what the new interface will look like. This example breaks down exactly how taxes and fees are taken away from a creator’s event revenue: