Tag Archives: Facebook

This photograph taken on September 28, 2017, shows a smartphone being operated in front of the logos of Google, Apple, Facebook and Amazon web giants. Damien Meyer | AFP | Getty Images The world’s biggest tech companies are facing a corporate tax avoidance crackdown after the Group of Seven most developed economies agreed a historic deal Saturday. The G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits. The reforms, if finalized, would… Source link

LONDON — European Union and British regulators opened dual antitrust investigations Friday into whether Facebook distorts competition in the classified advertising market by using data to compete unfairly against rival services. German officials, meanwhile, began a fresh investigation of Google using stepped up powers to scrutinize digital giants. The multiple investigations represent the latest escalation by European regulators in their battle to rein in the dominance of big American tech… Source link

Google, Facebook, Telegram, LinkedIn and Tiger Global-backed Indian startups ShareChat and Koo have either fully or partially complied with the South Asian nation’s new IT rules, according to two people familiar with the matter and a government note obtained by TechCrunch. India’s new IT rules, unveiled in February this year, require firms to appoint and share contact details of representatives tasked with compliance, nodal point of reference and grievance… Source link

LONDON — Russia is increasingly pressuring Google, Twitter and Facebook to fall in line with Kremlin internet crackdown orders or risk restrictions inside the country, as more governments around the world challenge the companies’ principles on online freedom. Russia’s internet regulator, Roskomnadzor, recently ramped up its demands for the Silicon Valley companies to remove online content that it deems illegal or restore pro-Kremlin material that had been blocked. The warnings have come… Source link

Like other businesses, your local news outlets battle every day to convince customers we’re worth the money. On one side are those who’d like to read us but their generation never developed the daily newspaper habit. They’ll see a link to one of our articles that a friend posted on Facebook and they’re furious when they can’t open it without paying. That’s a battle we think we can win. We let them read enough free samples that we hope to convince them of the value a digital subscription… Source link

(Bloomberg) — Alphabet Inc. and Facebook Inc. tumbled on Monday, leading a broad move lower in internet stocks after Citigroup Inc. warned about the outlook for digital advertising, a key source of revenue for the sector. The firm downgraded both names to neutral from buy, writing that “caution is in order” for companies that derive revenue from digital advertising. While ad budgets are expected to continue shifting online, growth is likely to decelerate, and “historically, that… Source link

The Facebook (FB) oversight board’s decision to uphold an indefinite ban on former President Trump’s account renewed calls for antitrust action against the social media giant Wednesday. But one lawmaker spearheading the charge to reshape the country’s antitrust law says Trump should be banned permanently. Speaking to Yahoo Finance, Sen. Amy Klobuchar (D, MN) said Trump’s refusal to admit defeat in the 2020 presidential election, and continued lies about election fraud are reason… Source link

Progressive Senator Elizabeth Warren (D-MA) on Wednesday applauded the Facebook (FB) oversight board’s decision to uphold the ban on former President Donald Trump from the site for the time being. But she warned that the move demonstrates the outsized power of the social media platform, and reaffirms her call to break up the nation’s tech giants. “I’m glad that Donald Trump is not going to be on Facebook,” she tells Yahoo Finance Editor-in-Chief Andy Serwer. “Suits me.”  “But part two is that… Source link

Here’s what you need to know: Former President Donald J. Trump has continued to deny the results of the 2020 presidential election.Credit…Erin Schaff/The New York Times Facebook’s Oversight Board, an independent and international panel that was created and funded by the social network, plans to announce on Wednesday whether former President Donald J. Trump will be able to return to the platform that has been a critical megaphone for him and his tens of millions of followers. The decision… Source link

Robin Zeng, founder and chairman of Contemporary Amperex Technology. (Photo by Paul Zinken/picture alliance via Getty Images) picture alliance via Getty Images A little known but fast growing Chinese maker of batteries for electric vehicles now has more billionaires on Forbes’ list than just about any other public company. A whopping nine billionaires have fortunes of $1 billion or more based on their stakes in Contemporary Amperex Technology (known as CATL). Shares of the firm,… Source link