Business & Tech Facebook's Market Cap Tops $1 Trillion for the First Time After Antitrust Case Is Dismissed Facebook has now joined the ranks of trillion-dollar companies, alongside the only other companies to reach such a market capitalization, Apple, Amazon, Alphabet, and Microsoft.
Business & Tech Facebook Is Suspending Trump for Two Years, Or Until He's No Longer a Danger to the Republic Facebook says that Trump's punishment for inciting a riot at the Capitol on January 6th will be a two-year suspension, and that suspension will only be lifted if he no longer represents a "risk to public safety."
Business & Tech Facebook's Cryptocurrency Dreams Are Not Dead; Diem Expected to Launch This Year Remember when Facebook started talking about launching its own crypto coin two years ago called Libra and everyone balked and then it kind of went away? Well, it didn't totally go away, it's now called Diem, and the project is still moving forward toward a launch.
Business & Tech 44 Attorneys General Are Kindly Asking Facebook Not to Launch Instagram For Kids 44 U.S. attorneys general are asking the company to please, kindly, not launch an Instagram for kids, because of all the significant legal, safety, welfare, and privacy concerns this will raise.
Business & Tech Mark Zuckerberg Has Bought Another 600 Acres on Kauai, and Hawaiians Are Pissed Adding to their already significant land holdings on the Hawaiian island of Kauai, Mark Zuckerberg and Priscilla Chan recently closed on another deal adding 600 more acres on the island.
Business & Tech Facebook 'Supreme Court' Verdict Is In: Trump Ban Stands (But Maybe Not Forever) Facebook's appointed Oversight Board has just issued its most notable content moderation decision to date, and they say that the ban of President Trump in the wake of January 6th was justified.
Business & Tech Leaked Internal Facebook Memo Shows They Knew They Enabled Insurrection Planning A company memo tells a different story than Mark Zuckerberg told Congress, as Facebook knew that “super-inviters” found ways to promote false election nonsense after the main "Stop the Steal" group was deplatformed.
Business & Tech A Man Sued Facebook For Sending Him an Unwanted Text; Supreme Court Rules Facebook Didn't Break Any Laws Facebook's sending of an automated text message regarding a suspicious login to a person who had not opted in for such messages is not the equivalent of a robocall by a telemarketer, the Supreme Court ruled unanimously today.
Business & Tech Facebook To Start Reopening Bay Area Offices in May — Sans Free Food and Tech Shuttles Facebook is priming to open its Bay Area offices starting May 10, but the social media giant will not offer employees free food or transit. Thankfully, it looks like we won’t have to contend with its tech buses busying our streets and bike lanes for the immediate future.
Business & Tech Facebook, Twitter, and Google Face Angry Lawmakers In First Congressional Hearing Since Biden's Inauguration The CEOs of Facebook, Twitter, and Google were testifying before Congress on Thursday for the first time in the post-Trump era, and for possibly the last time before lawmakers begin debating sweeping changes to how they're allowed to do business.
Business & Tech Facebook Lifts Ban on Political Ads, Because Everything's Good Now? The indefinite ban that Facebook placed on political advertising right after the November election has been lifted, calling to question whether a) Facebook really needs this money, and b) the country is in the clear when it comes to the spread of misinformation about political figures.
Business & Tech Report Shows Facebook Rarely Tagged Trump’s Lies as ‘False,’ Showed Different Versions of Fact-Check Labels to Different Users An outside company has analyzed reams of Facebook data, and found that ‘false’ or ‘disputed’ tags were shown to some users, but not others, possibly based on geography, and almost never slapped on Trump posts.
Business & Tech Apple's War With Facebook Continues as New Privacy Controls Will Stop Apps From Illicitly Tracking Our Movements Apple issued an 11-page report on Thursday titled "A Day in the Life of Your Data," and announced plans to roll out a new layer of privacy control this spring that will prevent iPhone apps from tracking our movements without our knowledge.
Business & Tech Facebook Oversight Board Issues Its First Rulings On Misinformation, Hate Speech The nascent Oversight Board established by Facebook last year to serve as a "Supreme Court" or final arbiter for thorny content moderation questions has just issued its first five rulings.
Business & Tech Facebook Oversight Panel Deciding Fate of Trump's Account Is Taking Public Comment Facebook's long promised but still barely operational Oversight Board — the so-called "Supreme Court" of content moderation — is taking on the case of Trump's locked account. And they want to hear from you.
Business & Tech Facebook Tells Employees to Stop Wearing Company-Branded Apparel, For Their Safety Following the bans on President Trump and "Stop the Steal" content, Facebook is telling its employees not to wear company-branded swag out in public, lest they incur the wrath of Trumpers.
Business & Tech Facebook Locks Trump's Account Indefinitely; Will Twitter Be Next? Following temporary locks on Donald Trump's Twitter and Facebook accounts that began Wednesday night, Facebook has escalated its crackdown on the president's lies and decided to suspend his access to the platform indefinitely.
Business & Tech Twitter Locks Trump's Account, Facebook and YouTube Remove Video After His Continuing Lies Fail to Discourage Rioters Twitter has stepped in to lock President Trump's account for 12 hours and blocked access to several tweets from Wednesday citing risks of violence, and along with Facebook and YouTube they have removed a video Trump posted from the Rose Garden Wednesday afternoon.
Business & Tech Zuckerberg Says Facebook Employees Won’t Need Vaccine to Return to Work It’s a prickly topic for any workplace, but Facebook staff will not be required to get the COVID-19 vaccine before returning to their pampered workplace.
Business & Tech FTC and States Join Forces In Antitrust Lawsuits Against Facebook, Calling It an Illegal Monopoly In a clear escalation in the war Facebook faces over its dominance in the social media landscape, the Federal Trade Commission and a coalition of 48 states' attorneys general are suing to break the company up.
Business & Tech Trump Justice Department Sues Facebook Over Alleged Bias Toward H1-B Visa Workers Over Americans In a last, litigious middle finger to Facebook on their way out the door, Trump's Justice Department is suing the social media giant over what it found to be a pattern of favoritism toward temporary immigrant workers over Americans in its hiring practices.
Business & Tech Facebook Still Grappling With How Misinformation and Hate Speech Are Very Profitable for Them Engineers at Facebook reportedly labeled certain types of posts internally as “bad for the world,” and when limiting them led to less engagement on the platform, the baddies got boosted back.
Business & Tech Zuckerberg and Dorsey Return to Testify Before Congress About Misinformation, Liberal Bias Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey were once again taking part in the political theater of a congressional hearing on Tuesday, this time testifying before the Senate Judiciary Committee, where Ted Cruz got a chance to yell and Dianne Feinstein got to frown at them both.
Business & Tech Zuckerberg Explains Why Facebook Isn't Banning Steve Bannon, Says Employees Shouldn't Necessarily Fear New Regulation Under Biden In a meeting with Facebook employees this week, Mark Zuckerberg explained why, unlike Twitter, the company had not moved to permanently ban conservative blowhard and onetime White House advisor Steve Bannon from the platform, following those comments about beheading Dr. Fauci.
Business & Tech Biden Press Secretary Lambasts Facebook Over Post-Election Misinformation Facebook continues taking it from all sides in this election year, with Democrats generally livid that President Trump continues to have a presence on the platform at all, and conservatives and Trumpists generally annoyed that Facebook has done what little it's done to curb the president's lies.
