Tag Archives: Facebook

(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history. Most Read from Bloomberg The Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion. At current levels, that’s the biggest collapse in market value for any U.S. company. But there’s no certainty the losses will hold, especially given the recent volatility that’s whipped across technology shares. Markets… Source link

Technologists, for one, are also talking about a radical shift to Web3, where large online platforms will be replaced by systems underpinned by blockchain, a move that would require rethinking the companies’ revenue model. Regulators, meanwhile, are targeting Google and Facebook’s dominance of the digital ad space; and young people’s gravitation to gaming, messaging and TikTok has already threatened Facebook’s all-important engagement metrics with advertisers. Source link

Progressive Congresswoman Alexandria Ocasio-Cortez (D-NY) told Yahoo Finance in an exclusive interview that Facebook (FB) and other U.S. companies have “sabotaged” the global response to COVID-19 by spreading disinformation about the virus.  The tech giant, which recently changed its name to Meta, should “be broken up” because it exploits its overlapping lines of business as a platform, vendor, and advertiser, Ocasio-Cortez added in the wide-ranging remarks. “There are some things that the… Source link

Tech giants such as Google and Facebook will be required to pay newspapers and other media outlets for using their stories, under new laws being drawn up by the UK Government, Daily Mail reported. Under the plans, which are modelled on a system that has been introduced in Australia, the platforms will be encouraged to negotiate payment deals with news organisations. If the negotiations fail, an independent arbitrator would set a… Source link

In the new war for gaming assets that has descended on the tech industry in part due to splashy deals by Microsoft and Take-Two Interactive this year, the ball is now squarely in the court of Meta (aka Facebook) to make a move to support its metaverse ambitions.  “Facebook I think has a strong on-ramp with the Oculus with the metaverse. The challenge — and this is due diligence from my kids — they need for games and more content. I wouldn’t be surprised if Facebook went on to do some… Source link

Top executives at Google and Facebook were involved in an effort to limit competition in a portion of the online advertising market, according to a newly amended (and less heavily redacted) version of a 2020 multi-state lawsuit aimed at Google and led by Texas Attorney General Ken Paxton. Why it matters: While a previous version of the suit also alleged collusion between the two companies, the newly public documents shed new light on the effort, dubbed “Jedi Blue,” as well as the extent 0f… Source link

The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. WASHINGTON, Jan 14 (Reuters) – Chief executives of Alphabet Inc’s Google (GOOGL.O) and Facebook (FB.O) were aware of a deal to carve up part of the online advertising market, according to an amended complaint filed by Texas… Source link

The House select committee investigating the deadly Jan. 6 Capitol riot has subpoenaed the parent companies of Google and Facebook as well as social media giants Twitter Inc. and Reddit, the panel’s chairman said Thursday. “Two key questions for the Select Committee are how the spread of misinformation and violent extremism contributed to the violent attack on our democracy, and what steps — if any — social media companies took to prevent their platforms from… Source link

Volkan Furuncu | Anadolu Agency | Getty Images The House select committee investigating the deadly Capitol riot has subpoenaed social media giants Twitter, Reddit and the parent companies of Facebook and Google, the panel’s chairman said Thursday. The bipartisan committee had asked for a trove of records last summer from those and other social companies, but said it received “inadequate responses” from some of the largest platforms. The committee again demanded that Google parent company… Source link

“Our cookie consent controls provide people with greater control over their data, including a new settings menu on Facebook and Instagram, where people can revisit and manage their decisions at any time, and we continue to develop and improve these controls,” it said. Source link