Facebook Chief Executive Mark Zuckerberg distanced his company from Twitter and its fight with President Donald Trump, as the White House readied an executive order about social media companies. Trump, who accuses social media firms of bias against conservatives, without evidence, stepped up his attacks on Twitter after the company put a fact-checking label on two of his tweets about mail-in ballots on Tuesday for the first time.
Facebook announced a new online retail initiative on Tuesday, aimed at spurring digital commerce as small businesses and retailers grapple with the economic devastation from the coronavirus crisis. Facebook Shops lets users sell goods and services online through storefronts hosted by Facebook and Instagram.
Facebook has agreed to buy Giphy, the popular platform of sharable animated images, Axios has learned from multiple sources. The total deal value is around $400 million. A source close to the situation says that the two companies first began talking prior to the pandemic, although that was more about a partnership than an acquisition.
Facebook is working behind the scenes to help launch a new political advocacy group that would combat U.S. lawmakers and regulators trying to rein in the tech industry, escalating Silicon Valley’s war with Washington at a moment when government officials are threatening to break up large companies. The organization is called American Edge, and it aims through a barrage of advertising and other political spending to convince policymakers that Silicon Valley is essential to the U.S. economy and the future of free speech.
Facebook’s new content oversight board will include a former head of state, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates in its first 20 members, the company announced on Wednesday.
Facebook is at risk of losing a key seal of approval that gives companies confidence they are getting what they pay for when it comes to advertising with the social-media giant.
Facebook said it earned $4.9 billion, or $1.71 per share, in the January-March quarter. That’s more than double the $2.43, or 85 cents per share, it reported in the same period a year earlier. Revenue rose 18% to $17.74 billion from $15.08 billion.
LOS ANGELES (AP) — Oprah Winfrey, Julia Roberts and former President George W. Bush will be among 200 star-studded participants in a 24-hour global livestream event. The Call to Unite event will kick off Friday evening to offer performances and conversations about overcoming the challenges of the coronavirus pandemic. Event organizers hope participants can help […]
Facebook, Google and other behemoths are training their sights on Silicon Valley’s company of the moment. Over the past month, downloads of Zoom have increased 740%, according to App Annie, an analytics firm. Zoom has said it now has more than 300 million daily participants, up from 10 million before the pandemic.
The NAB is clearly unhappy with the prospect that the FCC will open up the entire 6 GHz band for sharing with unlicensed wireless. Patrick McFadden, the group’s associate general counsel, left nothing but scorched earth beneath the Open Technology Institute, Facebook, tech companies in general, conservative groups and others in a blog post over the hot-button issue of opening up that spectrum, a proposal the FCC is voting on this week.
It’s been assumed by most media analysts, media buyer and ad executive surveys, and a variety of pundits that the Big Digital platforms would be first to feel the impact of the ad recession, because digital media is generally bought on more of a “scatter” basis and tied to fewer long-term commitments. Well now there’s market-based proof. As of data available Tuesday, Facebook’s worldwide CPM fell an all-time low of $1.95, according to data analyzed by Boston-based agency Gupta Media.
Fox News Channel and Facebook will co-host a town hall on the global coronavirus pandemic on Thursday, April 2, at 7 p.m. ET, featuring a virtual audience using Portal from Facebook smart video calling devices for the first time. Moderated by The Story’s Martha MacCallum, the one-hour commercial-free town hall will feature medical and business experts, […]
As lockdowns and stay-in-place orders continue to be extended in countries around the world, millions of people are spending their days frequenting online publications to find out the latest about the COVID-19 pandemic. That’s part of the reason Facebook has announced it will spend an additional $100 million to support the news industry during the crisis.
The social network is straining to deal with skyrocketing usage as its 45,000 employees work from home for the first time.
More than half of all news consumption on Facebook in America is about the virus, according to an internal report.
All through February and early March, the voices of doctors and nurses on social media provided a vital antidote to those of confused and complacent political leaders embodied by President Trump. Their voices carried credibility and urgency in a way the always-on crisis of cable news can’t. They fed and were fed by credible journalism. And they helped force the United States to reckon with the crisis.
None of the video advertisers who were notified about Facebook’s proposed $40 million class-action settlement over inflated video metrics have objected to the deal, class counsel says in papers filed Friday.
Secret labs. Magic cures. Government plots. Despite efforts by social media companies to stop it, false information about the coronavirus is proliferating around the world.
Fox Corp. said it will be skipping the Morgan Stanley Technology, Media & Telecom Conference where Lachlan Murdoch was scheduled to present Wednesday. It said the decision “was made out of an abundance of caution due to evolving public health concerns regarding COVID-19.” Facebook COO Sheryl Sandberg and CFO David Wehne, who were going to present today, were also no-shows. Disney executive chairman and until recently CEO Bob Iger was also slated for today but Disney canceled.
The social network follows Twitter’s lead as the list of attendees bailing on the annual Austin festivities grows, but organizers say the show will go on.
The Facebook-owned company is in talks with video producers to pay more for videos on its IGTV app, though no formal funding program is in place. The conversations come as it tests ways for video makers to make more money from IGTV, including an advertising product and revenue-sharing program similar to those available on other social media platforms.
The Federal Trade Commission has launched a lookback at some of the smaller past acquisitions by some of the largest tech companies. The FTC said Tuesday it has issued “special orders” to Alphabet (Google), Amazon, Apple, Facebook, Google and Microsoft, which require them to provide info on all acquisitions over the past decade (Jan. 1, 2010 through Dec. 31, 2019).
One week after the Supreme Court rejected Facebook’s request to intervene in a class-action over facial recognition technology, the company announced it will pay an eye-popping $550 million to resolve the matter.
Its profit and revenue both handily surpassed Wall Street’s expectations. Facebook said that about 2.89 billion people use at least one of its services — Facebook, WhatsApp, Instagram or Messenger — each month.
Facebook on Tuesday will announce a new round of investment worth $700,000 in various news organizations across the country, executives tell Axios. Many of the new commitments focus on newsrooms that cover diversity. The investment is part of a greater than $300 million commitment from Facebook to invest in the news, especially local news.
The Supreme Court on Tuesday left in place a ruling that allows Illinois residents to proceed with a lawsuit accusing Facebook of violating a state biometric privacy law by compiling “faceprints.”
Facebook said Thursday it will give consumers the option to stop seeing political ads in their feeds moving forward. Facebook has been heavily criticized for its policies around political ads, especially for its decision not to fact-check political ads.
Facebook has announced that it is banning videos manipulated to distort reality, commonly called “deepfakes.” “While these videos are still rare on the internet, they present a significant challenge for our industry and society as their use increases,” Facebook Vice President Global Policy Management Monika Bickert posted on the platform’s blog.
The social media giant confirmed to Adweek that it will be running an ad during Super Bowl 54, marking the first time the company has ever advertised in a Super Bowl. Facebook will be running a 60-second ad during the game — it has not yet revealed which quarter the ad will appear in — focused on Facebook Groups “showcasing how people from different backgrounds come together over shared interests and experiences, all through Facebook Groups,” it said.
Federal officials are considering seeking a preliminary injunction against Facebook over antitrust concerns related to how its products interact, according to people familiar with the matter. A majority of the five-member FTC would be needed to seek an injunction, which the commission would need to file suit in federal court to obtain.
The social network is exploring new product areas through a team dedicated to building the company’s future.
The Los Angeles ABC Owned Television Station, winner of TVNewsCheck’s Social Media Excellence Award for large market stations, aims to “dial in to the information people are going to need” on Facebook. Its high engagement there reflects efforts to connect with the market’s sizeable Hispanic viewership and its deft management of topic-specific Facebook Groups.