BBC Boss to Warn About TikTok & Co.: “U.S. and Chinese Algorithms” Could Be Future “Tastemakers”
BBC director general Tim Davie is set to double down on his warnings about social media giants, such as TikTok and Facebook, in a Tuesday speech. The chief of the U.K. public broadcaster will criticize global social media players for causing “polarization and social division,” the Telegraph reported ahead of the speech. Davie will also […]
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Taylor Swift Makes “22” Hat Dream Come True for Australian Girl Battling Cancer
A 9-year-old Taylor Swift megafan battling cancer had her dream come true when she was chosen to be given the highly coveted “22” hat from the megastar during her concert in Sydney this weekend. Scarlett Oliver, from Perth, is battling an aggressive form of incurable brain cancer, according to the girl’s stepmother, Natalie. She had […]
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Google Strikes $100M Online News Sharing Deal With Canada After Standoff
Canada has struck a $100 million deal with Google to pay local publishers for news snippets shared or repurposed on its local platform. The agreement for Google to make an annual payment of $100 million follows Canada passing into law Bill C-18, also known as the Online News Act, to compel U.S. digital giants to […]
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Meta Revenue and Profits Surge as Ad Business Rebounds
Meta Platforms Inc., the parent company of Facebook, Instagram and WhatsApp, reported a blowout Q3, with its revenue and profits surging. The company reported revenue of $34.1 billion and net income of $11.6 billion, up 23 percent and 164 percent year over year, respectively. Wall Street had been expecting revenue of $33.6 billion, EPS of […]
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Elon Musk Says Cage Match With Mark Zuckerberg “Will Be Live-Streamed on X”; Meta CEO Suggests Date but “Not Holding My Breath”
Are Elon Musk and Mark Zuckerberg serious? On Sunday, the two billionaire tech entrepreneurs re-upped their talk about taking part in a cage match against each other in posts on their respective social media platforms. “Zuck v Musk fight will be live-streamed on 𝕏,” posted Musk, who owns the social media site formerly known as […]
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After Facebook Blocks News, Canada Fires Back by Halting Advertising Buys
As the battle between U.S. tech giants and Canada escalates, the country’s federal and Quebec provincial governments have halted advertising on Facebook and Instagram to force parent Meta to the negotiating table to implement Bill C-18. “Facebook has decided to be unreasonable, irresponsible and started blocking news,” federal heritage minister Pablo Rodriguez told a press […]
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Meta to Block Facebook and Instagram News Sharing in Canada
Canadian legislation designed to get U.S. digital tech giants to pay local publishers for news snippets shared or repurposed on their platforms has become law. But passage of Bill C-18, also known as the Online News Act, has so far not convinced Meta and Google to negotiate commercial licensing deals with Canadian publishers for their […]
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Meta Faces Record $1.3B Fine for European Data Privacy Violations
The European Union has slapped Meta’s business in Ireland with a record fine of $1.3 billion for transferring the personal data of Facebook users to the U.S. in breach of the General Data Protection Regulation, or European Union law on data protection and privacy. Following a binding dispute resolution process, Meta, formerly known as Facebook, […]
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Meta Fends Off Legal Salvo Claiming It “Buys or Buries” Companies
A federal appeals court has rejected a bid to revive an antitrust lawsuit brought by nearly every U.S. state, led by New York, challenging Meta’s acquisition of WhatsApp and Instagram in a blow to bipartisan efforts to unwind the transactions. In a unanimous decision affirming dismissal, a panel of the U.S. Court of Appeals for […]
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Meta Shuts Down Facebook Watch Originals Programming
Meta is shutting down its Facebook Watch original programming, a company spokesperson confirmed to The Hollywood Reporter, leaving the future of shows like Red Table Talk in limbo as production company Westbrook Studios shops around the talk show for a new home. The shuttering of the Facebook Watch originals division, first reported by Deadline, comes […]
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Meta Takes $523M Hit in First Quarter Related to Layoffs, Restructuring
Meta Platforms Inc. said it took a $523 million hit during the first quarter related to the company’s latest round of layoffs, announced in March, that is expected impact 10,000 staffers working across its apps and VR/AR divisions. Total personnel and severance costs stemming from the layoffs are expected to amount to $1 billion, the […]
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Who Counts as a Subscriber? A Judge Explains in Data Privacy Suit Involving Facebook Tracking Tool
Scripps Network will not have to face a class action lawsuit accusing it of sharing subscribers’ personal viewing history with Facebook as part of its advertising business. A federal judge on Tuesday dismissed the suit, finding that consumers who subscribed to HGTV.com’s newsletter aren’t covered by a video privacy law that bars companies from disclosing […]
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