Twitter shares drop after user growth misses expectations October 29, 2020 Twitter today added fewer users than Wall Street had expected and said expenses would accelerate in the current quarter, sending its shares tumbling 13 per cent. Shares of Twitter fell to $45.23 in after-market trading. The San Francisco-based social media company said it had 187m monetizable daily active users (mDAU) during the third quarter, missing consensus analyst [...]
Tech earnings: What to look out for in a bumper day of Silicon Valley results October 29, 2020 All eyes will be on Silicon Valley tonight as the tech giants prepare to unveil their earnings for the third quarter. Google owner Alphabet, Amazon, Apple, Facebook and Twitter are all set to update investors on their trading during a turbulent period dominated by the coronavirus crisis. Earnings season for the so-called FAANG companies kicked [...]
Tech bosses blasted by US politicians over content moderation October 28, 2020 The bosses of Facebook, Twitter and Google faced attacks from US Senators this afternoon during a fiery hearing over how tech firms moderate content on their platforms. The tech chiefs were grilled by a US Senate committee for more than three and a half hours over Section 230 of the Communications Decency Act, which protects [...]
US election: Where do Trump and Biden stand on tech issues? October 28, 2020 The bosses of Facebook, Twitter and Google are this afternoon appearing in front of a US Senate committee to face questions over key issues of tech regulation. With tech titans facing increased scrutiny in their home country, the topic is likely to be a key policy issue in the run-up to the presidential election. So [...]
Tech bosses to defend key internet law in front of US Senate October 27, 2020 The bosses of the world’s biggest tech giants will tomorrow launch an impassioned defence of a key law, arguing that it is crucial to maintaining freedom of expression online. During an appearance in front of the Senate commerce committee, the chief executives of Facebook and Twitter will defend Section 230, a provision of the 1996 [...]
US Senate committee votes to subpoena Twitter and Facebook bosses October 22, 2020 Top US lawmakers today voted to subpoena the chief executives of Twitter and Facebook after both platforms blocked controversial tabloid stories about Joe Biden’s son. Republicans on the US Senate judiciary committee approved the motion to haul in Jack Dorsey and Mark Zuckerberg unopposed today. Democrats on the committee had boycotted the meeting over the [...]
EU regulators draw up ‘hit list’ of tech giants to share data with smaller rivals October 12, 2020 European Union regulators have reportedly drawn up a “hit list” of around 20 tech giants, potentially including Facebook, Apple, Amazon and Google, to reduce their market power. The internet platforms will be hit with tougher regulations than their smaller rivals under the new rules. They will be forced to share data with competitors and be [...]
US senate votes to subpoena tech bosses to testify October 1, 2020 US tech bosses will be hauled in front of congress after a senate committee voted to compel them to testify. Facebook chief executive Mark Zuckerberg, Google chief executive Sundar Pichai and Twitter chief executive Jack Dorsey will be questioned on reforming Section 230 of the Communications Decency Act. The act shields social media firms from [...]
Facebook, Youtube and Twitter strike deal with advertisers over harmful content September 23, 2020 Facebook, Youtube and Twitter have struck a deal with advertising giants over harmful content, as the Silicon Valley firms attempt to restore relations hammered by this year’s advertising boycott of social media sites. The tech giants will next year launch a new system for overseeing advertising on their sites, based on common definitions of hate [...]
Social media news consumption drops as trust declines August 13, 2020 The number of people accessing news through social media has fallen in the last year as trust in online platforms has slipped, new figures have revealed. The proportion of Brits using social media sites to stay up to date with the latest stories slipped to 45 per cent in 2020, down from 49 per cent [...]