Tag Archives: Facebook

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

UPDATED, 3:49 PM PT: The CEOs of Google, Facebook, Apple and Amazon are testifying on Capitol Hill on Wednesday, in an unusual hearing that reflects the extent to which lawmakers have focused their scrutiny on tech platforms. Hollywood’s lobby in D.C. is mainly watching from the sidelines, even as it has a vested interest in a number of issues, but this hearing’s focus is on antitrust as a House Judiciary subcommittee continues its investigation of competition among the major… Source link

Text size A man talks on a mobile phone outside a store of Reliance Jio, the mobile network of Reliance Industries Ltd., in Mumbai, India, on Sunday, Jan. 19, 2020. Dhiraj Singh/Bloomberg … Source link

A congressional hearing with the chief executives of Facebook, Google, Amazon, and Apple has been rescheduled for noon Eastern time on Wednesday. Originally scheduled for Monday, the hearing was bumped back a few days to allow members of Congress to pay respects to the late Rep. John Lewis, who died July 17th. Lewis will lie in state at the US Capitol next week. The House Judiciary Committee hearing with Mark Zuckerberg, Jeff Bezos, Tim Cook, and Sundar Pichai will focus on the various… Source link