Latest Social media industry News

Hasbro, Twitter and Coca-Cola rise while Verizon falls

Apr. 23, 2019 4:25 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Coca-Cola Co., up 81 cents to $48.21 Strong demand for water and soft drinks drove better-than-expected first quarter results for the world's largest beverage maker. Twitter Inc., up $5.38 to $39.77 The social media company added...

Twitter profit rises as Trump demands 'fairer' social media

Apr. 23, 2019 12:40 PM EDT

SAN FRANCISCO (AP) — Twitter Inc. on Tuesday trumpeted strong quarterly growth in earnings and users while President Donald Trump tweeted criticism of the social media site for allegedly discriminating against him politically. The company said net income for the first three months of the year rose on...

EU wary of fake online accounts as Europe elections approach

Apr. 23, 2019 8:41 AM EDT

BRUSSELS (AP) — The European Union is praising Facebook, Google and Twitter for tackling disinformation while urging the social media giants to do more in clamping down on fake accounts. Under an EU code of conduct, the three companies report routinely on their efforts to stop election interference....

Corporate America embraces 420 as pot legalization grows

Apr. 19, 2019 8:58 PM EDT

LOS ANGELES (AP) — Marijuana users have for decades celebrated their love of the drug on April 20, but the once counter-culture celebration that was all about getting stoned now is so mainstream Corporate America is starting to embrace it. No, Hallmark doesn't yet have a card to mark "420." But many other...

Report: FTC considering oversight of Facebook's Zuckerberg

Apr. 19, 2019 3:50 PM EDT

WASHINGTON (AP) — Federal regulators are reportedly considering seeking some kind of oversight of Mark Zuckerberg's leadership of Facebook over the social network giant's mishandling of users' personal information. Discussions between Facebook and the U.S. Federal Trade Commission officials about its...

New Mexico panel surprises Facebook with $39M utility bill

Apr. 18, 2019 4:54 PM EDT

ALBUQUERQUE, N.M. (AP) — A powerful New Mexico regulatory authority is requiring the state's largest utility to bill Facebook $39 million for a new transmission line construction for its data center — a move the social media giant says it was not expecting. The Public Regulation Commission's on...

Facebook says more Instagram passwords exposed than thought

Apr. 18, 2019 4:10 PM EDT

SAN FRANCISCO (AP) — Millions more Instagram users were affected by a password security lapse than parent company Facebook acknowledged nearly four weeks ago. The social media giant said in late March that it had inadvertently stored passwords in plain text, making it possible for its thousands of...

FIFA backs English players' social media boycott over racism

Apr. 18, 2019 2:34 PM EDT

MANCHESTER, England (AP) — FIFA is backing a 24-hour social media boycott by professional players in England in a protest against racial abuse and revealed plans for a new global campaign to eradicate discrimination in soccer. Following a series of high-profile cases in recent weeks, the Professional...

Facebook blocks page of ex-Ecuadorian leader Rafael Correa

Apr. 12, 2019 8:14 PM EDT

QUITO, Ecuador (AP) — Facebook has blocked the page of former Ecuadorian President Rafael Correa in what the firebrand leader is lambasting as part of a "brutal persecution." The page where Correa posted messages to his followers disappeared Thursday. When asked about the page's removal, a Facebook...

Minnesota farmer's tearful video underscores industry woes

Apr. 12, 2019 4:16 PM EDT

PINE ISLAND, Minn. (AP) — A Minnesota dairy farmer frustrated by the industry's rising financial pressures has taken to social media to voice his concerns in an emotional video that's been viewed hundreds of thousands of times. Mark Berg, 26, told the Star Tribune that he posted the six-minute-long...