Facebook Inc. on Thursday is officially changing its name to Meta, according to CEO Mark Zuckerberg, coming after the social media giant recently endured leaks and so-called whistleblower complaints about its companywide practices. “Building social apps will always be important for us, and there’s a lot more to build. But increasingly, it’s not all we…
Mark Zuckerberg Announces He’s Renaming Facebook to ‘Meta’
Twitter Avoids Revenue Hit From Apple Privacy Changes
Twitter Inc. on Tuesday reported its quarterly revenue grew 37 percent and avoided the brunt of Apple Inc. privacy changes on advertising that hobbled its rivals, sending its shares up 3 percent. The social networking site has been working to add new features such as audio chat rooms to attract users, and also rolled out…
Facebook Invests Billions in Metaverse Efforts as Ad Business Slows
Facebook Inc. said on Monday it will start publishing the financial results of its augmented and virtual reality labs as a separate unit, where it is investing billions in its ambitions to build the “metaverse” and as it reported that its main advertising business faces “significant uncertainty.” Facebook, which reported third-quarter profit up 17 percent,…
Australia Moves to Protect Children From Increasing Social Media Harms
The Australian government is seeking to implement new laws to protect teens and children from harmful content on social media platforms. Announcing the draft legislation on Oct. 25, Attorney-General Michaelia Cash and the Assistant Minister to the Prime Minister for Mental Health and Suicide Prevention, David Coleman, said in a joint media release that the landmark Privacy Legislation…
Senators Put YouTube, TikTok, Snap on Defensive on Kids’ Use
WASHINGTON—Senators put executives from YouTube, TikTok, and Snapchat on the defensive Tuesday, questioning them about what they’re doing to ensure young users’ safety on their platforms. Citing the harm that can come to vulnerable young people from the sites—ranging from eating disorders to exposure to sexually explicit content and material promoting addictive drugs—the lawmakers also…
Senators Put YouTube, TikTok, Snap on Defensive on Children’s Use
WASHINGTON—Senators put executives from YouTube, TikTok, and Snapchat on the defensive Tuesday, questioning them about what they’re doing to ensure young users’ safety on their platforms. Citing the harm that can come to vulnerable young people from the sites—ranging from eating disorders to exposure to sexually explicit content and material promoting addictive drugs—the lawmakers also…
CEO Mark Zuckerberg Addresses Leak of Thousands of Facebook Documents
Facebook CEO Mark Zuckerberg responded Monday to the release of thousands of company documents recently leaked by whistleblower Frances Haugen, saying large companies “should be scrutinized” and arguing that the leaked documents could be used to “paint a false picture” of the company. The statement noted the company’s brands—that include Facebook, Instagram, and WhatsApp, among…
YouTube Deletes Bryson Gray’s ‘Let’s Go Brandon’ Music Video
Rapper Bryson Gray announced on Twitter Thursday that his anti-Biden music video “Let’s Go Brandon” was banned by YouTube due to “medical misinformation.” “YouTube has banned ‘Let’s Go Brandon’ song from YouTube due to ‘medical information.’ What medical misinformation is in the song? Whoa,” Gray posted on Twitter. The policy reason noted in Gray’s post…
Pennsylvania Considers Bill That Would Allow Residents to Sue Big Tech Over Censorship
Two Pennsylvania state senators are seeking to pass a bill that would allow residents to sue social media companies that censor their content based on political or religious views. Sens. Doug Mastriano (R-Gettysburg) and Scott Hutchinson (R-Oil City) sponsored state Senate Bill 604 (pdf), called the Social Media Accountability Act, that would allow individuals the…
Futures Edge Higher as Big Tech Earnings Take Centre Stage
U.S. stock index futures edged higher on Monday as investors geared up for earnings reports from heavyweight technology companies this week, while PayPal jumped after it said it was not interested in buying Pinterest. Tesla Inc. rose 2.6 percent in premarket trading after the electric-car maker raised prices of its Model X, Model S variants…
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