Latest Social media industry News

Hawley proposes requiring tech companies to prove no bias

Jun. 20, 2019 6:14 PM EDT

JEFFERSON CITY, Mo. (AP) — Republican Sen. Josh Hawley of Missouri is doubling down on efforts to rein in big-tech companies by proposing that Facebook, Twitter and other online behemoths be required to prove they're not using political bias to filter content. The bill follows repeated assertions by...

Facebook's currency Libra faces financial, privacy pushback

Jun. 19, 2019 8:41 PM EDT

SAN FRANCISCO (AP) — Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners. Just hours after the social media giant unveiled early plans for the Libra cryptocurrency, French Finance Minister Bruno Le Maire insisted that only...

The Latest: Lawmaker wants Facebook to suspend currency plan

Jun. 18, 2019 5:54 PM EDT

NEW YORK (AP) — The Latest on Facebook's new digital currency (all times local): 5:40 p.m. The head of the House Financial Services Committee wants Facebook to suspend plans for a new currency until Congress and regulators are able to study it more closely. In asking Facebook to put the Libra currency...

Facebook plans its own currency for 2 billion-plus users

Jun. 18, 2019 5:18 PM EDT

SAN FRANCISCO (AP) — Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce...

MoneyGram's shares more than double on deal with Ripple

Jun. 18, 2019 4:49 PM EDT

NEW YORK (AP) — MoneyGram's shares more than doubled Tuesday after the money transfer company announced a partnership with the cryptocurrency company Ripple. The companies said late Monday that the two-year deal will allow MoneyGram to use Ripple's blockchain service for cheaper cross-border payments....

Regulators put off decision on line to power Facebook site

Jun. 13, 2019 12:36 PM EDT

ALBUQUERQUE, N.M. (AP) — New Mexico regulators put off a decision on whether to force the state's largest utility to charge Facebook nearly $40 million toward the cost of a new transmission line to power the social media giant's new data center near Albuquerque. The New Mexico Public Regulation Commission...

Facebook launching app that pays users for data on app usage

Jun. 11, 2019 7:33 PM EDT

SAN FRANCISCO (AP) — Facebook on Tuesday launched an app that will pay users to share information with the social media giant about which apps they're using. The company previously rolled out two similar apps that tracked what activities people did on their phones. But both were shut down after drawing...

Facebook invests in renewables with Texas solar project

Jun. 11, 2019 3:19 PM EDT

ALBUQUERQUE, N.M. (AP) — Facebook is building a massive solar farm in West Texas that's believed to be one of the largest solar projects in the nation and the social media giant's first direct investment in renewable energy. Boston-based renewable energy developer Longroad Energy recently announced it was...

'Code Red' weather alert ditched after meteorologist's knock

Jun. 10, 2019 11:41 PM EDT

SPRINGFIELD, Ill. (AP) — A popular meteorologist has been absent from local television newscasts since criticizing a corporate weather-alert brand last week, prompting an advertising boycott, social media protests and a complaint from a U.S. senator. Joe Crain, a WICS-TV staff member since 2004,...

FDA: 'Influencers' promoted vaping without suitable warnings

Jun. 7, 2019 3:07 PM EDT

WASHINGTON (AP) — U.S. regulators moved to discipline vaping companies for inappropriately promoting their flavored nicotine formulas through so-called influencers on Facebook, Twitter and other social media sites. The Food and Drug Administration sent warning letters Friday to four companies that used...