Latest Social media industry News

FILE - This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue.  Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion.   (AP Photo/Richard Drew, File)

Social media companies face revenue hit from boycotts

Jul. 2, 2020 9:46 AM EDT

Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. Both already faced...

Lawsuit accuses property managers of ageist Facebook ads

Jul. 1, 2020 5:09 PM EDT

SILVER SPRING, Md. (AP) — Some of the nation’s leading property management companies deliberately excluded older people from seeing Facebook advertisements for dozens of apartment complexes in the Washington, D.C., area, a housing watchdog alleged in a lawsuit filed Wednesday. The Housing Rights...

FILE - This April 9, 2020 file photo shows a closed Patagonia clothing store in Freeport, Maine. The outdoor gear company Patagonia is the latest brand to announce an advertising boycott of Facebook and its Instagram app, saying the social media giant has “failed to take steps to stop the spread of hateful lies and dangerous propaganda on its platform.

Social media platforms face a reckoning over hate speech

Jun. 29, 2020 6:56 PM EDT

For years, social media platforms have fueled political polarization and hosted an explosion of hate speech. Now, with four months until the U.S. presidential election and the country’s divisions reaching a boiling point, these companies are upping their game against bigotry and threats of violence. What's...

FILE - In this Thursday, June 4, 2020 file photo, a woman looks at the plywood covering the windows of a Starbucks store in downtown Naperville, Ill., as Naperville residents used hearts to post messages in support of the Black Lives Matter movement. Starbucks is the latest company to say it will pause social-media ads after a campaign led by civil-rights organizations called for an ad boycott of Facebook, saying it doesn't do enough to stop racist and violent content.  Starbucks said Sunday, June 28 that its actions were not part of the “#StopHateforProfit” campaign, but that it is pausing its social ads while talking with civil rights organizations and its media partners about how to stop hate speech online.  (AP Photo/Nam Y. Huh, File)

Starbucks latest to say it will pause social media ads

Jun. 28, 2020 7:19 PM EDT

Starbucks is the latest company to say it will pause social media ads after a campaign led by civil rights organizations called for an ad boycott of Facebook, saying it doesn't do enough to stop racist and violent content. Starbucks said Sunday that its actions were not part of the...

FILE - This combination of photos shows logos for social media platforms, from left, Facebook, Twitter and Instagram.  The company behind Ben & Jerry’s ice cream, Dove soap and a host of other consumer products says it will stop advertising on Facebook, Twitter and Instagram in the U.S. through at least the end of 2020 because of the amount of hate speech online.   (AP Photo)

Facebook to label all rule-breaking posts - even Trump's

Jun. 26, 2020 8:05 PM EDT

OAKLAND, Calif. (AP) — Facebook said Friday that it will flag all "newsworthy" posts from politicians that break its rules, including those from President Donald Trump. Separately, Facebook's stock dropped more than 8%, erasing roughly $50 billion from its market valuation, after the European company...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 26, 2020. Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. (AP Photo/Ahn Young-joon)

Stocks sink as virus cases jump, forcing states to backtrack

Jun. 26, 2020 5:36 PM EDT

Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses. The combination injected new jitters into a market that's been mostly riding high since April on hopes that the economy...

FILE - This April 9, 2020 file photo shows a closed Patagonia clothing store in Freeport, Maine. The outdoor gear company Patagonia is the latest brand to announce an advertising boycott of Facebook and its Instagram app, saying the social media giant has “failed to take steps to stop the spread of hateful lies and dangerous propaganda on its platform.

Patagonia latest brand to join Facebook July ad boycott

Jun. 22, 2020 7:08 PM EDT

The outdoor gear company Patagonia is the latest company to announce an advertising boycott of Facebook and its Instagram app for the month of July — or longer — saying the social media giant has failed to take steps to stop the spread on its platform of “hateful lies and dangerous...

President Donald Trump supporters cheer as Trump speaks during a campaign rally at the BOK Center, Saturday, June 20, 2020, in Tulsa, Okla. (AP Photo/Evan Vucci)

Did TikTok teens, K-Pop fans punk Trump's comeback rally?

Jun. 21, 2020 5:26 PM EDT

OAKLAND, Calif. (AP) — Did teens, TikTok users and fans of Korean pop music troll the president of the United States? For more than a week before Donald Trump’s first campaign rally in three months on Saturday in Tulsa, Oklahoma, these tech-savvy groups opposing the president mobilized to reserve...

FILE - This April 26, 2017, file photo shows the Twitter app icon on a mobile phone in Philadelphia. A tech-focused civil liberties group on Tuesday, June 2, 2020, sued to block President Donald Trump's executive order that seeks to regulate social media, saying it violates the First Amendment and chills speech. Trump's order, signed in late May, could allow more lawsuits against internet companies like Twitter and Facebook for what their users post, tweet and stream. (AP Photo/Matt Rourke, File)

Administration seeking to roll back tech company protections

Jun. 17, 2020 6:02 PM EDT

WASHINGTON (AP) — The Justice Department proposed Wednesday that Congress roll back long-held legal protections for online platforms such as Facebook, Google and Twitter, putting down a legislative marker in President Donald Trump’s drive against the social media giants. The proposed changes would...

This image provided by Facebook shows screens of Voting Information Center. Facebook is launching a widespread effort to boost U.S. voter turnout and show authoritative information about voting, even as it doubles down on its stance to let politicians like President Donald Trump post misinformation about voting. (Facebook via AP)

Facebook aims to help voters, but won't block Trump misinfo

Jun. 16, 2020 11:53 PM EDT

Facebook is launching a widespread effort to boost U.S. voter turnout and provide authoritative information about voting — just as it doubles down on its policy allowing politicians like President Donald Trump to post false information on the same subject. The social media giant is launching a...