Google, Facebook, Amazon and more urge SEC to mandate regular climate reports

A group of seven tech companies urged the Securities and Exchange Commission to require businesses to regularly disclose climate-related matters to their shareholders. In a letter to SEC Chair Gary Gensler on Friday, Google parent Alphabet, Amazon, Autodesk, eBay, Facebook, Intel and Salesforce shared their view in response to a request for public input on… Continue reading Google, Facebook, Amazon and more urge SEC to mandate regular climate reports

Lawmakers unveil major bipartisan antitrust reforms that could reshape Amazon, Apple, Facebook and Google

Lawmakers release bipartisan antitrust bills aimed at Big TechAmazon, Apple, Facebook and Google could be forced to overhaul their business practices under a new expansive set of antitrust reforms introduced by a bipartisan group of House lawmakers on Friday. The package of five bills, earlier reported by CNBC and other outlets, would make it harder… Continue reading Lawmakers unveil major bipartisan antitrust reforms that could reshape Amazon, Apple, Facebook and Google

Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded

The world’s biggest tech companies are facing a corporate tax avoidance crackdown after the Group of Seven most developed economies agreed a historic deal Saturday. The G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits. The reforms, if finalized, would affect the largest companies… Continue reading Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded

Facebook hit with new antitrust probes in the UK and EU

Regulators in the U.K. and the EU launched formal competition investigations into Facebook at the same time on Friday, marking a rare coordinated probe on a big U.S. tech firm. The U.K.’s Competition and Markets Authority said it is investigating whether Facebook is abusing a dominant position in the social media or digital advertising markets… Continue reading Facebook hit with new antitrust probes in the UK and EU

Facebook’s EU-U.S. data flows are under threat — that may spell trouble for other tech giants

Facebook faces a potential ban on the transfer of Europeans’ data to the United States. That would be a “massive blow” to the social networking giant, according to experts, and has serious implications for other large American tech firms. Last week, Ireland’s High Court dismissed a challenge from Facebook over a regulatory inquiry that could… Continue reading Facebook’s EU-U.S. data flows are under threat — that may spell trouble for other tech giants

Singapore orders Facebook, Twitter to correct false claims on a ‘new’ Covid variant

Singapore has ordered Facebook, Twitter and a local publisher to correct what it says is a false statement circulating that implies a new coronavirus variant originated in the city-state and risks spreading to India. Under a law aimed at preventing the spread of falsehoods online — officially named POFMA, or Protection from Online Falsehoods and… Continue reading Singapore orders Facebook, Twitter to correct false claims on a ‘new’ Covid variant

Citi downgrades Facebook and Google, says ad market expectations are too bullish

The growth trajectory for the online advertising market doesn’t appear to be strong enough to drive more gains for two Big Tech stocks that rely heavily on that business, according to Citi. Analyst Jason Bazinet downgraded Facebook and Google-parent Alphabet to neutral from buy, saying in a note to clients on Sunday night that investors… Continue reading Citi downgrades Facebook and Google, says ad market expectations are too bullish

Social Media Hate Speech, Harassment ‘Significant Problem’ For LGBTQ Users: Report

The top social media sites — Facebook, Instagram, YouTube, TikTok, and Twitter — are all “effectively unsafe for LGBTQ users,” according to a new report by GLAAD. “Of special concern, the prevalence and intensity of hate speech and harassment stands out as the most significant problem in urgent need of improvement,” the organization focused on… Continue reading Social Media Hate Speech, Harassment ‘Significant Problem’ For LGBTQ Users: Report

Facebook and Signal are fighting over an ad campaign. Here’s why

Facebook, the world’s largest social media platform, found itself in a public dispute with communications app Signal this week over an ad campaign. The encrypted messaging service — a non-profit that rivals Facebook-owned WhatsApp — said in a blog on Tuesday that Facebook had blocked one of its ad campaigns on Instagram, which is owned… Continue reading Facebook and Signal are fighting over an ad campaign. Here’s why

Why Facebook’s Decision On Trump Could Be ‘Make Or Break’ For His Political Future

Facebook’s Oversight Board on Wednesday essentially punted the decision back to the company on whether to eventually allow former President Donald Trump back on Facebook and Instagram. What the social media giant decides in the coming months will likely have major consequences for Trump’s political power. “It could be a make-or-break moment for Trump’s political… Continue reading Why Facebook’s Decision On Trump Could Be ‘Make Or Break’ For His Political Future