Tag Archives: Facebook

Federal antitrust charges against Alphabet Inc.’s Google; advertiser and user boycotts of Facebook Inc.; increasing scrutiny of Apple Inc. and Amazon.com Inc. by the news media and government regulators — all in the middle of a pandemic. Yet, when Big Tech reported earnings en masse Thursday, most of the effects felt by those companies appeared to be positive: Amazon AMZN, +1.52%, Apple AAPL, +3.70%, Facebook FB,

Sen. Maria Cantwell discusses net neutrality at a 2017 town hall in Seattle. (GeekWire Photo / Monica Nickelsburg) The technology industry is pushing local journalism over the edge, according to a new report from the office of Sen. Maria Cantwell, a Democrat from Washington state. The report released Tuesday predicts that by the end of 2020, newspaper revenue will be down 70% compared to 20 years ago and broadcast revenues will dip more than 40%. The losses have created… Source link

“[It] allows digital businesses to let users post things but then not be responsible for the consequences, even when they’re amplifying or dampening that speech,” Prof Fiona Scott Morton, of Yale University, .css-yidnqd-InlineLink:link{color:#3F3F42;}.css-yidnqd-InlineLink:visited{color:#696969;}.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{font-weight:bolder;border-bottom:1px solid… Source link

Two components of the FAANG group of stocks are Facebook and Alphabet, parent of Google. Both tech giants report third-quarter earnings on Thursday. Over the long term, both companies have been extremely strong outperformers with long growth runways, high margins, and huge returns on capital. However, both… Source link

The hearing comes less than a week before the US election and as social media companies have been bracing for an onslaught of misinformation and disinformation. In recent days, Facebook and Twitter have both taken action to slow the spread of some content, bringing about allegations of bias, censorship and even election interference. In a video released ahead of the hearing, the Senate Commerce Committee highlighted what it says are examples of social platforms’ actions against conservative… Source link

WASHINGTON (AP) — Less than a week before Election Day, the CEOs of Twitter, Facebook and Google are set to be grilled by Republican senators making unfounded allegations that the tech giants show anti-conservative bias. Democrats want to expand the discussion to include issues such as the companies’ impact on local news. The Senate Commerce Committee has summoned Twitter CEO Jack Dorsey, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai to testify for a hearing Wednesday. The… Source link

Sen. Ted Cruz, R-Texas, on breaking up big tech, the Bidens’ alleged corruption and confirming Judge Amy Coney Barrett for the Supreme Court. Some Senate Democrats are seeking to empower regulators to protect local news outlets, accusing tech giants such as Google and Facebook of “unfair business practices,” according to a new report by members of a key committee that will hear from the top industry executives this week. Released on the eve of the Senate Commerce Committee’s hearing… Source link

According to ActionAid, “billions” might be at stake that could be used to transform underfunded health and education systems in some of the world’s poorest countries, especially since multiple .css-yidnqd-InlineLink:link{color:#3F3F42;}.css-yidnqd-InlineLink:visited{color:#696969;}.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{font-weight:bolder;border-bottom:1px solid… Source link

iStock This story is part of a package exploring how to rescue and revitalize journalism.Read the rest of the pieces here. And, if you enjoy what you’re reading, please consider making a donation—we’re a nonprofit media organization and rely on the support of our readers. You may have heard that Big Tech has damaged journalism. Google and Facebook siphon off ad dollars needed to finance independent reporting while also inserting themselves as… Source link

What began as complaints about anti-conservative censorship by social media companies has now evolved into outright allegations of election interference, as high-ranking Republicans have accused online platforms of helping Democrats by way of their content moderation decisions. On Wednesday, the Senate Commerce Committee is set to grill the CEOs of Facebook (FB), Google (GOOG) and Twitter (TWTR) amid right-wing cries of partisanship and threats to change a critical law, known as Section 230,… Source link