Latest Social media industry News

'Digital gangsters': UK wants tougher rules for Facebook

Feb. 18, 2019 8:27 AM EST

LONDON (AP) — British lawmakers issued a scathing report Monday that calls for tougher rules to keep Facebook and other tech firms from acting like "digital gangsters" and intentionally violating data privacy and competition laws. The report on fake news and disinformation on social media sites followed an...

Reddit raises $300M in finance round led by China's Tencent

Feb. 12, 2019 9:54 AM EST

SAN FRANCISCO (AP) — Social media service Reddit Inc. says it has raised $300 million in a financing round led by Chinese internet giant Tencent. Reddit's CEO, Steve Huffman, told CNBC on Monday that values the privately held company at $3 billion. Half the new money came from Tencent, Asia's most valuable...

Chipotle, Hanesbrands rise while Twitter, Dunkin slip

Feb. 7, 2019 4:38 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: SunTrust Banks Inc., up $5.98 to $64.72 Southern regional banks BB&T and SunTrust are combining in an all-stock deal to create a new bank valued at about $66 billion. Tapestry Inc., down $5.83 to $33.48 The maker of high-end...

EU says social media now better at removing hate speech

Feb. 4, 2019 7:21 AM EST

BRUSSELS (AP) — The European Union says major social media firms have stepped up their efforts to remove hate speech online. EU Justice Commissioner Vera Jourova said that the 2016 code of conduct "works well," with companies like Facebook, YouTube and Twitter reacting within 24 hours in an average 89...

Facebook says Apple is restoring a key developer tool

Jan. 31, 2019 9:53 PM EST

NEW YORK (AP) — Facebook says Apple is restoring its access to a key development tool that the iPhone maker disabled Wednesday. Late Tuesday, TechCrunch reported that Facebook paid teens and other users who agreed to download an app called Facebook Research. That app could extensively track their phone and...

The Latest: Apple axes Google access to key developer tool

Jan. 31, 2019 8:01 PM EST

NEW YORK (AP) — The Latest on Apple's denial of an important tool to Facebook (all times local): 8 p.m. Google says Apple has also revoked its access to a key developer tool, preventing its employees from testing new app features on iPhones. Facebook lost access to the same tool Wednesday, but had it...

Facebook, GE and Charter Communications surge; Hershey slips

Jan. 31, 2019 4:38 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Microsoft Corp., down $1.95 to $104.43 The technology company reported mixed results, showing growth in its cloud-computing business, but weakness in its key personal computing segment. Facebook Inc., up $16.27 to $166.69 The...

Tips to help small business owners choose a marketing method

Jan. 30, 2019 2:36 PM EST

NEW YORK (AP) — The growth of the internet and social media has changed the way small businesses market themselves — the variety of online marketing channels allows businesses, whether they serve consumers or other companies, to focus on a broad or narrow population. But many owners find that...

Beyond social media: Businesses find other ways to advertise

Jan. 30, 2019 2:13 PM EST

NEW YORK (AP) — Ryan Knoll thought social media sites like Facebook would be the best places to advertise his brand-new home cleaning service. Then he had an epiphany. "Put yourself in the customer's shoes. How would that customer go about trying to find the business?" says Knoll, whose company, Tidy Casa,...

Facebook tightens EU political ad rules ahead of election

Jan. 28, 2019 12:11 PM EST

LONDON (AP) — Facebook said Monday it is tightening requirements for political ads in the European Union ahead of bloc-wide elections scheduled for the spring, its latest effort to fight misinformation and increase transparency on its platforms. The social media giant said that starting in late March,...