Latest Social media industry News

Facebook's Libra currency battered by defections, pushback

Oct. 12, 2019 9:27 AM EDT

Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant eBay and payments startup Stripe. Last week, PayPal became...

Facebook CEO to appear before Congress on currency plan

Oct. 9, 2019 3:35 PM EDT

WASHINGTON (AP) — Facebook CEO Mark Zuckerberg will appear before Congress this month as the tech giant is under pressure from lawmakers and regulators over its massive market power and record of privacy breaches. Rep. Maxine Waters, the California Democrat who heads the House Financial Services Committee,...

Senators warn of foreign social media meddling in US vote

Oct. 8, 2019 8:45 PM EDT

WASHINGTON (AP) — A bipartisan group of U.S. senators urged President Donald Trump on Tuesday to warn the public about efforts by foreign governments to interfere in U.S. elections, a subject he has largely avoided, and take steps to thwart attempts by hostile nations to use social media to meddle in the...

Facebook to settle advertiser lawsuit for $40 million

Oct. 8, 2019 12:43 AM EDT

OAKLAND, Calif. (AP) — Facebook has agreed to pay $40 million to advertisers who said it inflated the amount of time its users watched videos. The San Jose Mercury News says the California-based social media giant denied any wrongdoing in a lawsuit settlement. The settlement notice was filed Friday by the...

Democrats in Nevada work to boost digital ads ahead of 2020

Sep. 22, 2019 11:30 AM EDT

LAS VEGAS (AP) — As Democrats race to outpace President Donald Trump's aggressive online operation ahead of the 2020 election, the left's largest super PAC touched down in Nevada this week to help local advocacy groups sharpen their internet presence. The training, a four-day boot camp where participants...

Senate tech critic to Facebook CEO: Sell WhatsApp, Instagram

Sep. 19, 2019 8:24 PM EDT

WASHINGTON (AP) — As Facebook CEO Mark Zuckerberg met Thursday with President Donald Trump and other critics of the tech industry, the Senate's most vocal detractor offered a challenge: Sell your WhatsApp and Instagram properties to prove you're serious about protecting data privacy. It may have been more...

Tech execs say they're acting faster on extremist content

Sep. 18, 2019 3:45 PM EDT

WASHINGTON (AP) — Executives of Facebook, Google and Twitter told Congress on Wednesday that they've gotten better and faster at detecting and removing violent extremist content on their social media platforms in the face of mass shootings fueled by hatred. Questioned at a hearing by the Senate Commerce...

Facebook expands new tool aiming to shrink 'news deserts'

Sep. 12, 2019 8:34 PM EDT

SAN FRANCISCO (AP) — Facebook is trying to coax "news deserts" into bloom with the second major expansion of a tool that exposes people to more local news and information. But the social network confesses that it still has a lot to learn. The social media giant said Thursday it is expanding its "Today In"...

Error means district won't get all tax revenue it budgeted

Sep. 11, 2019 2:31 PM EDT

BONDURANT, Iowa (AP) — A small Iowa school district won't be getting nearly $900,000 it wanted to spend as part of this year's budget, because officials have learned the budget revenue was in part based on an erroneous tax valuation from the county assessor's office. The Des Moines Register reports that...

Alibaba's Ma steps down as industry faces uncertainty

Sep. 10, 2019 2:10 AM EDT

BEIJING (AP) — Alibaba Group founder Jack Ma, who helped launch China's online retailing boom, stepped down as chairman of the world's biggest e-commerce company Tuesday at a time when its fast-changing industry faces uncertainty amid a U.S.-Chinese tariff war. Ma, one of China's wealthiest and best-known...