Latest Social media industry News

In this Aug. 18, 2018 file photo man holds a sign that reads

Facebook removes accounts linked to QAnon conspiracy theory

May. 5, 2020 6:28 PM EDT

OAKLAND, Calif. (AP) — Facebook says it has removed several groups, accounts and pages linked to QAnon, taking action for the first time against the far-right U.S. conspiracy theory circulated among supporters of President Donald Trump. The social-media giant made the announcement Tuesday as part of its...

FILE - In this Sept. 18, 2019, file photo a screen shows the price of Twitter stock at the New York Stock Exchange.  Twitter posted a loss in the first quarter as the social media company’s higher expenses outweighed revenue growth. The San Francisco company reported Thursday, April 30, 2020,  that average daily users grew 24% year over year, the highest ever growth rate in the company’s history.(AP Photo/Mark Lennihan, File)

Twitter stock slips amid pandemic-caused revenue uncertainty

Apr. 30, 2020 4:40 PM EDT

OAKLAND, Calif. (AP) — Twitter's stock tumbled Thursday after the company failed to show that it's weathering the pandemic-borne digital advertising slump the same way its bigger rivals Facebook and Google are. The San Francisco-based social company's higher expenses outweighed its revenue growth in the...

Molson Coors, Tapestry fall; Tesla, Facebook rise

Apr. 30, 2020 4:25 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: McDonald's Corp., down 26 cents to $187.56. The fast-food chain's first-quarter profit fell short of Wall Street forecasts as the virus pandemic dented sales. Comcast Corp., down $1.37 to $37.63. The cable and entertainment...

This undated image provided by Facebook shows the Facebook app on a cellular telephone. Facebook will soon let you know if you shared or interacted with dangerous coronavirus misinformation on the site, the latest in a string of aggressive efforts the social media giant is taking to contain an outbreak of viral falsehoods. (Facebook via AP)

Facebook to warn users who 'liked' coronavirus hoaxes

Apr. 16, 2020 8:10 PM EDT

Facebook will soon let you know if you shared or interacted with dangerous coronavirus misinformation on the site, the latest in a string of aggressive efforts the social media giant is taking to contain an outbreak of viral falsehoods. The new notice will be sent to users who have clicked on, reacted to, or...

FILE - In this Jan. 16, 2019, file photo, doors at the Internal Revenue Service (IRS) in the Henry M. Jackson Federal Building are locked and covered with blinds as a sign posted advises that the office will be closed during the partial government shutdown in Seattle. Videos and reports claiming that you'll have to pay back the relief checks the federal government is sending to millions of Americans are false, federal agencies confirmed to The Associated Press. (AP Photo/Elaine Thompson, File)

Coronavirus relief checks won’t have to be repaid, feds say

Apr. 14, 2020 7:27 PM EDT

CHICAGO (AP) — Videos and online reports claiming that millions of Americans will have to repay the relief checks they receive from the federal government under the $2.2 trillion coronavirus economic recovery bill are not true. The government began issuing the one-time payments this week. Most adults who...

FILE - In this Jan. 28, 2018, file photo, Pink performs

Celebrities reveal new sides during virus, but face backlash

Apr. 7, 2020 8:28 PM EDT

Portia de Rossi has been teaching herself how to cook during the coronavirus lockdown. It's been an eye-opening experience for the actress — and for her fans. She's cut herself and been burned, yes. She's also discovered she doesn't like some Indian flavors and that her longtime wife, talk show host Ellen...

FILE - In this Dec. 16, 2017, file photo, Billy Joe Saunders, of Britain, celebrates his win over David Lemieux, of Canada, to retain the WBO middleweight boxing title in Laval, Quebec. Saunders had his boxing license suspended Monday, March 30, 2020, after publishing a social media video in which he appeared to condone domestic violence amid the coronavirus outbreak. He has apologized for his remarks, saying: “It was a silly mistake but I didn't mean to cause any harm to anyone and I certainly wouldn't promote domestic violence.”(Ryan Remiorz/The Canadian Press via AP)

British boxer has license suspended over video comments

Mar. 30, 2020 9:57 AM EDT

CARDIFF, Wales (AP) — British boxer Billy Joe Saunders had his boxing license suspended Monday after publishing a social media video in which he appeared to condone domestic violence amid the coronavirus outbreak. The WBO super-middleweight champion filmed himself working out and offered men advice on how...