Latest Social media industry News

EXPLAINER: Microsoft's Activision buy could shake up gaming

Jan. 19, 2022 16:40 PM EST

Microsoft stunned the gaming industry when it announced this week it would buy game publisher Activision Blizzard for $68.7 billion, a deal that would immediately make it a larger video-game company than Nintendo. Microsoft, maker of the Xbox gaming system, said acquiring the owner...

US regulators aiming at illegal and anticompetitive mergers

Jan. 18, 2022 15:24 PM EST

WASHINGTON (AP) — U.S. competition regulators have mounted an effort to tighten enforcement against illegal mergers, in line with President Joe Biden’s mandate for greater scrutiny to big business combinations. The Justice Department and the Federal Trade Commission announced...

Lawsuit: Google, Facebook CEOs colluded in online ad sales

Jan. 14, 2022 16:41 PM EST

Newly unredacted documents from a state-led antitrust lawsuit against Google accuse the search giant of colluding with rival Facebook to manipulate online advertising sales. The CEOs of both companies were aware of the deal and signed off on it, the lawsuit alleges. The original,...

Scientist, enforcer, high-flyer: 3 women put a mark on tech

Jan. 03, 2022 20:20 PM EST

WASHINGTON (AP) — Three bright and driven women with ground-breaking ideas made significant — if very different — marks on the embattled tech industry in 2021. Frances Haugen, Lina Khan and Elizabeth Holmes — a data scientist turned whistleblower, a legal scholar turned...

CES gadget show shortened to 3 days; some big tech stay away

Dec. 31, 2021 18:58 PM EST

LAS VEGAS (AP) — The annual CES gadget convention will be three days instead of four following an uptick of COVID-19 cases and the withdrawal of some of its best-known tech presenters. Convention organizer The Consumer Technology Association announced in a statement Friday that CES...

Markets 2021: Stocks soar, IPOs explode, crypto goes wild

Dec. 23, 2021 14:10 PM EST

Wall Street delivered another strong year for investors in 2021, as a resurgence in consumer demand fueled by the reopening of the global economy pumped up corporate profits. As of Dec. 22, the S&P 500 had risen 25%, its third-straight annual increase. Along the way, the...

Report urges UK government to beef up online safety measure

Dec. 13, 2021 19:31 PM EST

LONDON (AP) — Proposed British rules aimed at cracking down on harmful online content should be beefed up with tougher measures like making it illegal to send unsolicited graphic images, requiring porn sites to ensure children can't gain access and moving faster to hold tech executives criminally...

Australia's deputy leader tests positive for virus in the US

Dec. 09, 2021 05:14 AM EST

WELLINGTON, New Zealand (AP) — Australia's Deputy Prime Minister Barnaby Joyce said Thursday he'd tested positive for the coronavirus while traveling in Washington D.C. Joyce, who is fully vaccinated, said in a Facebook post that he'd been experiencing mild symptoms and decided to...

Instagram head faces senators amid anger over possible harms

Dec. 08, 2021 20:02 PM EST

WASHINGTON (AP) — The head of Instagram on Wednesday met with deep skepticism on Capitol Hill over new measures the social media platform is adopting to protect young users. Adam Mosseri appeared before a Senate panel and faced off with lawmakers angry over revelations of how the...

GOP Rep. Nunes leaving Congress for Trump social media firm

Dec. 06, 2021 20:23 PM EST

WASHINGTON (AP) — California Republican Rep. Devin Nunes, who was one of former President Donald Trump’s most ardent loyalists in Congress, is leaving the House at the end of this year to join Trump’s fledgling media company. A statement Monday from the Trump Media &...