Latest Social media industry News

EXPLAINER: What the metaverse is and how it will work

Oct. 24, 2021 02:27 AM EDT

LONDON (AP) — The term “metaverse" seems to be everywhere. Facebook is hiring thousands of engineers in Europe to work on it, while video game companies are outlining their long-term visions for what some consider the next big thing online. The metaverse, which could...

Facebook's oversight board seeks details on VIPs' treatment

Oct. 21, 2021 16:05 PM EDT

WASHINGTON (AP) — Facebook’s semi-independent oversight board says the company has fallen short of full disclosure on its internal system that exempts high-profile users from some or all of its content rules. Facebook “has not been fully forthcoming” with the...

Facebook says it will pay French publishers for news content

Oct. 21, 2021 08:26 AM EDT

PARIS (AP) — Facebook said Thursday that it has struck a deal with a group of French publishers to pay for links to their news stories that are shared by people on the social network. The company says it inked the licensing agreement with the Alliance de la Presse...

Senator asks Facebook CEO to testify on Instagram and kids

Oct. 20, 2021 17:56 PM EDT

WASHINGTON (AP) — The senator leading a probe of Facebook’s Instagram and its impact on young people is asking Facebook CEO Mark Zuckerberg to testify before the panel that has heard far-reaching criticisms from a former employee of the company. Sen. Richard...

UK fines Facebook $69.4 million for failing to supply data

Oct. 20, 2021 10:59 AM EDT

LONDON (AP) — Britain's competition watchdog fined Facebook 50.5 million pounds ($69.4 million) on Wednesday for violating rules during the U.K. investigation into the social media giant’s purchase of Giphy. The Competition and Markets Authority said Facebook failed...

Facebook paying fine to settle US suit on discrimination

Oct. 19, 2021 16:51 PM EDT

WASHINGTON (AP) — Facebook is paying a $4.75 million fine and up to $9.5 million to eligible victims to resolve the Justice Department’s allegations that it discriminated against U.S. workers in favor of foreigners with special visas to fill high-paying jobs. Facebook...

Washington AG: Facebook gave false info in campaign suit

Oct. 13, 2021 19:21 PM EDT

SEATTLE (AP) — Washington Attorney General Bob Ferguson says a Facebook representative provided false testimony in a lawsuit that accuses the company of violating state campaign finance laws. The Seattle Times reports that in court filings the Democratic attorney...

Facebook expands harassment policy to protect public figures

Oct. 13, 2021 19:19 PM EDT

Facebook will expand its policies on harassment to remove more harmful content, the company said Wednesday in its latest change following congressional testimony from a whistleblower who faulted the social media giant for not doing enough to stop harmful content. Under...

Man with ties to extremist group sentenced on weapons charge

Oct. 13, 2021 17:05 PM EDT

CHARLESTON, W.Va. (AP) — A West Virginia man who was accused of selling machine gun conversion devices to followers of a far-right extremist movement received a five-year prison sentence Wednesday. Timothy John Watson pleaded guilty in March in federal court in...

How one Facebook worker unfriended the giant social network

Oct. 10, 2021 06:04 AM EDT

Less than two years after Facebook hired Frances Haugen to help correct dangerous distortions spilling across its platform, she had seen enough. The idealism she and countless others had invested in promises by the world’s biggest social network to fix itself had been...