Google and Facebook took the sharpest jabs for alleged abuse of their market power from Democrats and Republicans on Wednesday in a much-anticipated congressional hearing with four of America's most prominent tech CEOs in the hot seat.
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"Australia will force U.S. tech giants Facebook Inc and Alphabet Incs Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watched around the world. Libby Hogan reports" . (July 31, 2020 )"Rupert Murdoch's News Corp reached a content-supply deal with Facebook in Australia, the companies said on Tuesday, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country" . (March 16, 2021 )"Organizers of a growing Facebook Inc advertising boycott said they saw "no commitment to action" after meeting with Facebook Chief Executive Mark Zuckerberg on Tuesday. This report produced by Jillian Kitchener" . (July 8, 2020 )"The S&P 500 and Dow fell Thursday on weak economic data. But shares of Apple, Facebook, and Amazon surged in extended trading after the tech titans reported strong earnings" . (July 30, 2020 )"Verizon said on Thursday it was pausing advertising on Facebook in July, in support of a campaign that called out the social media giant for not doing enough to stop hate speech on its platforms" . (June 26, 2020 )"[NFA] Facebook Inc on Tuesday said it would stop Australians from sharing news content on its platforms if a proposal to make it pay local media outlets for their content becomes law, a sharp ultimatum thrown toward the Australian government. Olivia Chan reports" . (September 1, 2020 )"Apple Chief Executive Officer Tim Cook on Thursday criticized polarization and misinformation on social media, intensifying a conflict between the iPhone maker and Facebook. This report produced by Chris Dignam" . (January 29, 2021 )"Just months before the presidential election, Facebook Inc on Tuesday unveiled a new policy that would prevent U.S. publishers with political ties from running ads presented as news articles" . (August 11, 2020 )"Facebook is feeling pressure from critics for poor marks on policing its platform and a lack of diversity within the company" . (July 28, 2020 )"In response to criticism that it is not doing enough to safeguard its platform from manipulation and misinformation tied to the U.S. election in November, [NFA] Facebook on Thursday it would stop taking political ads a week before the vote, fact-check any claims of victory ahead of an official tally, and target posts which try to suppress the vote. Conway G. Gittens has more" . (September 3, 2020 )
Posted on July 29, 2020 November 26, 2022 financial information , investing , markets , rueters