Social media industry

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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
FILE - In this April 25, 2019, file photo an address sign for Facebook Way is shown in Menlo Park, Calif. Facebook unveiled a broad plan Tuesday, June 18, to create a new digital currency. (AP Photo/Jeff Chiu, File)
June 18, 2019 - 12:01 pm
NEW YORK (AP) — The Latest on Facebook's new digital currency (all times local): noon Facebook has surprised cryptocurrency experts in announcing a digital currency that shares fundamental privacy characteristics with Bitcoin, the leading cryptocurrency today. Human Rights Foundation expert Eric...
Read More
FILE - In this April 25, 2019, file photo an address sign for Facebook Way is shown in Menlo Park, Calif. Facebook unveiled a broad plan Tuesday, June 18, to create a new digital currency. (AP Photo/Jeff Chiu, File)
June 18, 2019 - 5:21 am
SAN FRANCISCO (AP) — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more...
Read More
This image captured on Friday, June 7, 2019 shows a Sept. 4, 2018 post on Facebook cited by the U.S. Food and Drug Administration as promoting an e-cigarette formula without including the required nicotine warning statement. On Friday, the FDA sent warning letters to four companies that used paid social media specialists to pitch their fruity and candy nicotine formulas to their online followers. (AP Photo)
June 07, 2019 - 3:05 pm
WASHINGTON (AP) — U.S. regulators moved to discipline vaping companies for inappropriately promoting their flavored nicotine formulas through so-called influencers on Facebook, Twitter and other social media sites. The Food and Drug Administration sent warning letters Friday to four companies that...
Read More
FILE - In this Oct. 23, 2018, file photo, an Amazon logo is seen atop the Amazon Treasure Truck The Park DTLA office complex in downtown Los Angeles. The U.S. Justice Department and the Federal Trade Commission are moving to investigate Google, Facebook, Amazon and Apple over their aggressive business practices, and the House Judiciary Committee has announced an antitrust probe of unidentified technology companies. (AP Photo/Richard Vogel, File)
June 04, 2019 - 5:26 pm
SAN FRANCISCO (AP) — Is Big Tech headed for a big breakup? The U.S. Justice Department and the Federal Trade Commission are moving to investigate Google, Facebook, Amazon and Apple over their aggressive business practices, and the House Judiciary Committee has announced an unprecedented antitrust...
Read More
FILE - In this Thursday, March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite, in New York's Times Square. The question comes up over and over, with extremist material, hate speech, elections meddling, privacy invasions, housing discrimination. Why can’t Facebook just fix it? (AP Photo/Richard Drew, File)
May 10, 2019 - 10:18 am
SAN FRANCISCO (AP) — The question comes up over and over, with extremist material, hate speech, election meddling and privacy invasions. Why can't Facebook just fix it? It's complicated, with reasons that include Facebook's size, its business model and technical limitations, not to mention years of...
Read More

Pages