Latest Online media industry News

Musk says Twitter deal could move ahead with 'bot' info

Aug. 06, 2022 16:03 PM EDT

Elon Musk said Saturday his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are ‘spam bots’ or real people. The billionaire and Tesla CEO has been trying to back out of his April...

Meta quieter on election misinformation as midterms loom

Aug. 05, 2022 11:14 AM EDT

WASHINGTON (AP) — Facebook owner Meta is quietly curtailing some of the safeguards designed to thwart voting misinformation or foreign interference in U.S. elections as the November midterm vote approaches. It's a sharp departure from the social media giant's multibillion-dollar...

Elon Musk's tech allies miffed about Twitter subpoenas

Aug. 02, 2022 16:58 PM EDT

SAN FRANCISCO (AP) — Elon Musk’s wealthy high tech allies don’t seem too happy about receiving subpoenas from Twitter as part of the company’s legal battle with the Tesla CEO. San Francisco-based Twitter is suing Musk in Delaware in an attempt to get him to complete his $44...

Fealty to Trump defines Republican Senate primary in Arizona

Jul. 30, 2022 10:39 AM EDT

PHOENIX (AP) — An interviewer asked Arizona Republican Senate candidate Blake Masters to pick a “subversive thinker" whom people should know more about. Masters gave it some thought and came up with a risky response for someone running for elected office. He...

Meta expands data center under construction near Omaha again

Jul. 28, 2022 12:19 PM EDT

SPRINGFIELD, Neb. (AP) — Facebook's parent company announced plans Thursday to expand a data center it is building in the Omaha suburbs again. A Meta spokesperson said the social media giant now plans to build a ninth building in the complex it is constructing in Papillion and...

Twitter, in Musk fight, posts surprising drop in revenue

Jul. 22, 2022 11:36 AM EDT

LONDON (AP) — Twitter reported a quarterly loss Friday and declining revenue caught Wall Street off guard with the number of people using the platform on the rise. The latest quarterly earnings figures offered a glimpse into how the social media platform has performed during a...

Twitter-Musk takeover dispute heading for an October trial

Jul. 19, 2022 15:13 PM EDT

Tesla CEO Elon Musk lost his fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it. “Delay threatens irreparable...

California social media addiction bill drops parent lawsuits

Jul. 14, 2022 20:04 PM EDT

SACRAMENTO, Calif. (AP) — A first-of-its-kind proposal in the California Legislature aimed at holding social media companies responsible for harming children who have become addicted to their products would no longer let parents sue popular platforms like Instagram and TikTok. The...

EXPLAINER: Twitter, Musk and the Delaware Chancery Court

Jul. 14, 2022 18:31 PM EDT

DOVER, Del. (AP) — Twitter Inc.’s lawsuit to force billionaire Elon Musk to make good on his promise to buy the social media giant will be resolved in a small but powerful Delaware court that specializes in high-stakes business disputes. Twitter has sued Musk in Delaware’s...

Twitter sues to force Musk to complete his $44B acquisition

Jul. 12, 2022 20:31 PM EDT

Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeover of the social media company by accusing him of “outlandish” and “bad faith” actions that have caused the platform irreparable harm and “wreaked havoc” on its stock price. ...