Social media industry

FILE - This July 16, 2013, file photo shows a sign at Facebook headquarters in Menlo Park, Calif. Facebook is trying to coax “news deserts” into bloom with the expansion of a tool that provides people with local news and information, but says it still has a lot to learn. The social media giant said Thursday, Sept. 12, 2019, it is expanding its “Today In” service to 6,000 cities and towns across the U.S., up from 400 previously. (AP Photo/Ben Margot, File)
September 12, 2019 - 4:36 pm
SAN FRANCISCO (AP) — Facebook is trying to coax "news deserts" into bloom with the second major expansion of a tool that exposes people to more local news and information. But the social network confesses that it still has a lot to learn. The social media giant said Thursday it is expanding its "...
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FILE - In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. Ma is stepping down as chairman at a time when its industry faces rapid change and uncertainty amid a U.S.-Chinese trade war. Ma gave up his post on his 55th birthday as part of a succession announced a year earlier. (AP Photo/Thibault Camus, File)
September 10, 2019 - 2:10 am
BEIJING (AP) — Alibaba Group founder Jack Ma, who helped launch China's online retailing boom, stepped down as chairman of the world's biggest e-commerce company Tuesday at a time when its fast-changing industry faces uncertainty amid a U.S.-Chinese tariff war. Ma, one of China's wealthiest and...
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Britain's Prime Minister Boris Johnson talks to hospital patient Scarlett Gibbons, 5, during a visit to the Royal Cornwall Hospital in Truro, south-west England, Monday Aug. 19, 2019. Johnson is under increasing pressure Monday to recall Parliament after leaked government documents warned of widespread problems if the U.K. leaves the European Union without a Brexit withdrawal agreement. (Peter Nicholls/Pool via AP)
August 19, 2019 - 7:19 pm
LONDON (AP) — Britain's government plans to call a summit of social media companies to discuss what more they can do to fight online misinformation about vaccines following a spike in measles cases. Although plans for such a gathering were still being worked out, Prime Minister Boris Johnson...
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Australian Treasurer Josh Frydenberg speaks to the media during a press conference in Sydney, Friday, July 26, 2019. The Australian government released report that recommends more regulation on the market power of multinational digital platforms including Google and Facebook that would ensure fair deals for other media businesses and more control for individuals over how their data is used. (Bianca De Marchi/AAP Image via AP)
July 26, 2019 - 2:36 am
CANBERRA, Australia (AP) — The Australian government released a report Friday recommending tighter oversight over multinational digital platforms including Google and Facebook, to ensure fairness for other media businesses and give people more control over how their data is used. The Australian...
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FILE - This Friday, March 22, 2019, file photo shows the Department of Justice Building in Washington. The U.S. Department of Justice is opening a sweeping antitrust investigation of major technology companies and whether their online platforms have hurt competition, suppressed innovation or otherwise harmed consumers. (AP Photo/Manuel Balce Ceneta, File)
July 24, 2019 - 10:35 am
WASHINGTON (AP) — Like Europe before it, the U.S. government looks ready to try reining in its technology giants. But doing so may be more difficult than it seems. On Tuesday, the U.S. Department of Justice opened a sweeping antitrust investigation of major technology companies and whether their...
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Treasury Secretary Steve Mnuchin speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP Photo/Carolyn Kaster)
July 15, 2019 - 6:23 pm
WASHINGTON (AP) — The Trump administration came out strongly Monday against Facebook's ambitious plan to create a new digital currency, as the Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism. Treasury Secretary Steven...
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FILE - In this April 30, 2019, file photo, Facebook CEO Mark Zuckerberg makes the keynote speech at F8, Facebook's developer conference in San Jose, Calif. A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday, July 12, 2019, cites an unnamed person familiar with the matter. (AP Photo/Tony Avelar, File)
July 13, 2019 - 7:33 am
At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012. The long-expected punishment, which Facebook is well prepared for, is unlikely to make a dent in the social...
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President Donald Trump speaks during the "Presidential Social Media Summit" in the East Room of the White House, Thursday, July 11, 2019, in Washington. (AP Photo/Evan Vucci)
July 11, 2019 - 6:46 pm
WASHINGTON (AP) — President Donald Trump used a White House conference Thursday to applaud far-right social media provocateurs even as he conceded that some of them are extreme in their views. Trump, who has weaponized social media to eviscerate opponents and promote himself, led a "social media...
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FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite, in New York's Times Square. Aleksandr Kogan, the data scientist at the center of Facebook’s Cambridge Analytica privacy scandal, said he is dropping a defamation lawsuit against the social network rather than engage in an expensive, drawn-out legal battle. (AP Photo/Richard Drew, File)
July 02, 2019 - 4:04 pm
The data scientist at the center of the Cambridge Analytica privacy scandal says he is dropping a defamation suit against Facebook rather than engage in an expensive, drawn-out legal battle. Aleksandr Kogan had sued in March, claiming Facebook executives scapegoated him to deflect attention from...
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FILE - In this April 4, 2013, file photo, Facebook CEO Mark Zuckerberg walks at the company's headquarters in Menlo Park, Calif. Facebook’s plan to create a digital currency used across the world is already raising concern with financial regulators and privacy experts. (AP Photo/Marcio Jose Sanchez, File)
June 18, 2019 - 6:45 pm
SAN FRANCISCO (AP) — Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners. Just hours after the social media giant unveiled early plans for the Libra cryptocurrency, French Finance Minister Bruno Le Maire insisted that only...
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