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President Trump’s taking aim at Twitter for fact-checking his tweets is part of a long tradition upheld by aggrieved internet trolls. The stakes are high.
Trump, a prolific Twitter user, has been at war with the company since earlier this week, when it applied fact checks to two of his tweets about mail-in ballots. The third tweet to be flagged started as a message of support for the governor of Minnesota, where there have been three days of violent protest
Without certain liability protections, companies like Twitter would have to be more aggressive about policing messages that press the boundaries — like the president’s.
The president today signed an executive order targeting Twitter and other social media. It comprises several directives, including one calling on the FCC to establish rules that would limit how far social media can go in tagging and censoring user content before risking the immunity they now have from libel and other civil actions arising from user content. Above, the president holds up a copy of the New York Post before signing the order.
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.
The Trump administration is preparing an executive order intended to curtail the legal protections that shield social media companies from liability for what gets posted on their platforms, two senior administration officials said early Thursday. Such an order, which officials said was still being drafted and was subject to change, would make it easier for federal regulators to argue that companies like Facebook, Google, YouTube and Twitter are suppressing free speech when they move to suspend users or delete posts, among other examples. It’s almost certain to face a court challenge.
President Donald Trump on Tuesday accused Twitter of “interfering” in the 2020 election after it fact-checked two of his tweets pushing conspiracies about voting by mail.
Twitter added a link to two of President Trump’s tweets in which he had made false claims about mail-in ballots, urging people to “get the facts.”
The social media company came under fire — again — for not removing the president’s posts that contain falsehoods.
Kevin Mayer, the head of direct-to-consumer and international for Walt Disney, is leaving the company to become CEO of TikTok. He had been considered a leading contender to succeed Bob Iger as CEO of Disney but was passed over in favor of Bob Chapek, the former head of parks and resorts. Disney said Monday that Rebecca Campbell will replace Mayer, reporing to Chapek.
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.
Twitter looks like the latest social media company that will enjoy a stock boost, after it reported record quarterly user growth and topped analyst sales projections when it reported its 1Q financials on Thursday morning. The company, led by CEO Jack Dorsey, added 14 million monetizable daily active users during 1Q. Its sales of $807.6 million surpassed analyst estimates of $776 million.
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.
Tweets about television are up in nearly every category from March 1 through April 15 compared with the same time last year, largely driven by the coronavirus pandemic, Nielsen found in a study, but one category stands out as a glaring exception: sports.
Snap announced Thursday that it is planning to raise up to $750 million through a private debt offering. CEO Evan Spiegel says that the “proceeds from this offering will further bolster our balance sheet which will allow Snap the flexibility to continue to invest in the long-term growth of our business, even if challenging conditions continue.”
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.
Reversing course, Google said on Thursday it will begin allowing political groups to run ads related to COVID-19. The company’s move comes shortly after liberal digital ad shop DSPolitical publicly complained that Google was giving President Donald Trump “an unprecedented advantage in our upcoming elections” by banning Democratic ads relating to the outbreak, while allowing the current administration to run ads referencing the virus.
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.
Kantar has just released findings of what it says is the largest-ever survey of consumers about the fast-moving pandemic, checking in with 25,000 consumers in 30 markets around the globe. Among the findings: People are doing 70% more web browsing, 63% more TV watching, and spending 61% more time on social media. WhatsApp has become increasingly more important, with an overall 40% increase in use.
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.
The group’s second Facebook Watch show, Field Notes, features pandemic stories from Hearst stations in 26 markets cross the U.S.
Broadcasters including Gray Television and Cox Media Group have been beta testing the new Facebook Messenger Experience app from Social News Desk enabling users to opt in for breaking news and customized content. With 1.3 billion global Messenger users and a 50%-80% open rate, it opens a key new front to reach viewers, particularly as the coronavirus crisis escalates.
Fox News is making a return to Twitter, more than a year after going silent on the social-media platform. Now the news outlet is poised to resurface on the venue, with executives envisioning the chance to use it as a service or a means of getting information about the coronavirus outbreak to followers. Approximately 18.5 million people follow the network on Twitter.