Tag Archives: Facebook

Wednesday’s antitrust hearing before Congress made tech giants like Google-parent Alphabet, Inc. and Facebook seem like they’ve rigged the deck. But Thursday’s second quarter reports from both companies made the ad game look a little more fair. Google may be a search monopoly, but its exposure to hard-hit sectors like travel seems to be hurting it at the moment. The company reported the first on-year decline in advertising revenue in its history. Meanwhile Facebook said its own… Source link

Media companies in Australia will be able to seek payment from Facebook Inc. and Alphabet Inc.’s Google for news articles that are posted on their platforms, according to new rules, which could set a precedent for other countries seeking to compel tech giants to compensate local publishers. The new rules, which need to be passed by Australia’s Parliament, would require digital platforms to take part in negotiations with media companies over payment, Australia’s competition… Source link

CANBERRA, Australia — The Australian government said on Friday it plans to give Google and Facebook three months to negotiate with Australian media businesses fair pay for news content. The government has released a draft mandatory code of conduct that aims to succeed where other countries have failed in making the global digital giants pay for news siphoned from commercial media companies. Treasurer Josh Frydenberg said Facebook FB, +0.51% … Source link

SYDNEY (Reuters) – Australia will force U.S. tech giants Facebook Inc (FB.O) and Alphabet Inc’s (GOOGL.O) Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watched around the world. Australia will become the first country to require Facebook and Google to pay for news content provided by media companies under a royalty-style system that will become law this year, Treasurer Josh Frydenberg said. “It’s about a… Source link

Google, Facebook and other digital platforms could be forced to pay hundreds of millions of dollars in fines if they fail to comply with a news media bargaining code released by Australia’s competition regulator on Friday. The Australian Competition and Consumer Commission was asked to develop the mandatory code in April by the treasurer, Josh Frydenberg, after negotiations between the digital platforms, the ACCC and media companies stalled, and media companies experienced a sharp fall in… Source link

In the second quarter, Facebook reported 10% growth in ad revenue while Google’s declined. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images The headwinds of Covid-19’s economic impact in the second quarter were strong enough to slow down even the ad-funded tech giants. In its second-quarter results released today, Facebook reported $18.7 billion in revenue, an increase of 11% despite the slowdown of advertising spend as… Source link

Of the tech titans, which included the CEOs of Amazon (AMZN), Apple (AAPL), Facebook (FB) and Google (GOOGL), some fared better than others in the first hours of the hearing. Jeff Bezos, Amazon’s CEO, acknowledged, albeit earnestly and transparently, that Amazon may have improperly used third-party seller data to inform its own product decisions — a key concern over the company’s approach to competition. Apple CEO Tim Cook, on the other hand, got off pretty lightly. Despite some early… Source link

Image copyright Getty Images/EPA/Reuters Image caption Amazon’s Jeff Bezos, Apple’s Tim Cook, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai defended their firms The heads of some of the… Source link

Amazon CEO Jeff Bezos testifies via video before the House Judiciary antitrust subcommittee. The hearing also featured the heads of Apple, Facebook and Google. Mandel Ngan/POOL/AFP via Getty Images hide caption toggle caption … Source link