Tag Archives: Facebook

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. LONDON — Britain plans to create a new watchdog to police Big Tech companies including Google and Facebook to counter their market dominance and prevent them from exploiting consumers and small businesses. The U.K. government said Friday that it’s setting up a “Digital Markets Unit” next year to enforce a new code of conduct governing the behavior of tech giants that dominate the online advertising… Source link

A new tech regulator will work to limit the power of Google, Facebook and other tech platforms, the government has announced, in an effort to ensure a level playing field for smaller competitors and a fair market for consumers. Under the plans, the Competition and Markets Authority (CMA) will gain a dedicated Digital Markets Unit, empowered to write and enforce a new code of practice on technology companies which will set out the limits of acceptable behaviour. The code will only affect those… Source link

Mark Zuckerberg, Chairman and Chief Executive Officer of Facebook, arrives to testify during the House Financial Services hearing on An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors on Wednesday, Oct. 23, 2019. Bill Clark | CQ-Roll Call, Inc. | Getty Images LONDON —  The U.K. on Friday said a new government unit will work to tackle ongoing concerns about a concentration of power among a small number of tech giants. The Department for Digital, Culture,… Source link

Australia’s mandatory news code no longer excludes the ABC and SBS from receiving payments from Google and Facebook for using their content. The addition of the public broadcasters is one of the significant changes treasurer Josh Frydenberg has made to the draft mandatory news code before it is tabled in parliament by 10 December. Labor, the Greens and several crossbenchers suggested the ABC and SBS should be added to the ranks of Australian news publishers to benefit from the code, in the… Source link

The biggest U.S. tech companies are providing a jolt to the slumbering commercial real-estate business, emerging as major tenants and acquirers of office and other space while many nontech firms are trying to tear up their leases. Five of the biggest property owners in the tech industry—Amazon.com Inc., Facebook Inc., Apple Inc., Google parent Alphabet Inc. and Microsoft Corp.—together occupy around 589 million square feet of U.S. real estate, according to CoStar Group. That is… Source link

From left: Google’s Sundar Pichai, Facebook’s Mark Holliday, and Factory_OS’s Rick Holliday and Larry Pace (Getty; Factory_OS; iStock) Tech giants Facebook and Google are pulling out their checkbooks to back a modular housing startup. Factory_OS, which aims to build apartments more efficiently and for less money, announced the Series B Friday. The $55 million round was led by Lafayette Square Holdings, with participation from Autodesk, Citi and Morgan Stanley, along with Facebook… Source link

Vallejo modular housing startup Factory_OS has raised $55 million from tech giants Google and Facebook, the software firm Autodesk, Citigroup, Morgan Stanley and asset manager Lafayette Square Holding. The money will enable Factory_OS to increase production at its second Mare Island factory and expand to Los Angeles, the company said Friday…. Source link

Global internet companies Facebook, Google and Twitter and others have banded together and threatened to leave Pakistan after the South Asian nation granted blanket powers to local regulators to censor digital content. Earlier this week, Pakistan Prime Minister Imran Khan granted the Pakistan Telecommunication Authority the power to remove and block digital content that pose “harms, intimidates or excites disaffection” toward the government or in other ways… Source link

Mark Zuckerberg, Jack Dorsey answer questions during the Senate Judiciary Committee hearing. Edward Lawrence with more. Sen. Josh Hawley, R-Mo., on Tuesday pressed Facebook CEO Mark Zuckerberg on a newly revealed whistleblower complaint alleging that Facebook employees coordinate with Twitter and Google employees to make certain content moderation decisions. Hawley said a former Facebook employee “with direct knowledge of the company’s content moderation practices” contacted his… Source link

Facebook Inc.  and Alphabet Inc.’s Google plan to continue banning political ads on their platforms for the next several weeks to prevent confusion about election results, according to people familiar with the matter and an email reviewed by The Wall Street Journal. Facebook told advertisers in an email on Wednesday it plans to continue its postelection ban on political ads for “another month.” Google representatives have told some advertisers it is unlikely… Source link