Before the Bell: Investors look to the Fed and zoom in on Apple and Facebook January 27, 2021 Markets in Europe look set to continue to be driven by the prospect of further restrictions being imposed by governments concerned about seeing further increases in coronavirus cases, from speculation about a third lockdown in France, which could come by the weekend, to the prospect of further restrictions here in the UK in the form [...]
Facebook launches UK news service in boost for publishers January 26, 2021 Facebook will today start rolling out its dedicated news feed, marking a major boost for publishers in a long-running tussle over online advertising revenue. Facebook News will offer users a selection of curated stories alongside news personalised to their interests from hundreds of national, local and lifestyle outlets. The social media site today said it [...]
Bar-a-Lago: Facebook to review Trump ban January 21, 2021 Facebook’s independent oversight board will review the company’s decision to ban former US president Donald Trump’s social media accounts. Both Trump’s Facebook and Instagram profiles will remain suspended while the review is underway, the company announced. In the first move of its kind, Mark Zuckerberg’s company suspended the former president earlier this month in the [...]
Biden mulls creation of competition tsar amid tech probes January 20, 2021 The administration of incoming US President Joe Biden is said to be mulling the creation of a new White House role focused on competition issues amid a string of probes into tech giants. The Biden administration is still weighing up the role, which could be based in the White House or focus on coordinating actions [...]
Screenshot: Is social media heading for a new era of privacy? January 15, 2021 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week **Media Moment of the Week: CNN’s crowbar correction **Whatsapp’s privacy exodus **Music touring: A victim of Brexit? Media Moment of the Week Given the extent of the carnage at the Capitol last week, reporters [...]
Telegram user numbers surge after Whatsapp privacy update January 12, 2021 Messaging app Telegram has seen its user numbers balloon amid a backlash over changes to Whatsapp’s privacy policy. Telegram, which offers encrypted chat services, today said 25m new users had signed up in the last 72 hours alone. This is compared to the 1.5m daily additions it averaged last year, while the app’s total user [...]
Trump brands social media ban ‘catastrophic mistake’ and defends pre-riot speech January 12, 2021 Donald Trump has branded his social media ban a “catastrophic mistake” as he refused to take responsibility for inciting riots at the Capitol last week. The outgoing president, who has been accused of inciting violence and is facing a second impeachment, today played down his role in the riots and attempted to blame Silicon Valley. [...]
EU joins UK in rolling out sweeping new fines for tech giants December 15, 2020 US tech giants could face fines of up to 10 per cent of their revenue under new draft EU rules set to be unveiled today. The regulations, the most serious attempt at reining it companies such as Amazon, Google, Facebook, and Apple yet made by the bloc, come amid intense worldwide scrutiny on the role [...]
UK to regulate social media firms such as Facebook and Twitter over content removal December 11, 2020 The UK government will announce plans for a new law next week under which social media companies will have a duty to be impartial and be barred from “arbitrarily” removing comments because they are controversial, according to a report in The Times today. UK ministers will announce plans on Tuesday for a statutory duty of [...]
Facebook facing multiple lawsuits that could splinter the tech firm and render acquisitions illegal December 9, 2020 The US Federal Trade Commission (FTC) and nearly every US state have sued Facebook today, saying that it broke antitrust law and should potentially be broken up. In its complaint, the coalition of 46 states, Washington, D.C. and Guam also asked for Facebook’s acquisitions of Instagram and WhatsApp to be judged to be illegal. The [...]