Social media industry

July 25, 2019 - 9:21 pm
CANBERRA, Australia (AP) — The Australian government released report on Friday 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...
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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 - 3:23 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 12, 2019 - 10:43 pm
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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June 26, 2019 - 10:50 am
WASHINGTON (AP) — Executives of Facebook, Google and Twitter faced questioning by a House panel Wednesday on their efforts to stanch terrorist content and viral misinformation on their social media platforms. The scrutiny comes as the tech giants step up safety measures to prevent disinformation...
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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 - 3:45 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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FILE - This Feb 23, 2019, file photo shows the inside of a computer in Jersey City, N.J. Facebook unveiled a broad plan Tuesday, June 18, to create a new digital currency. (AP Photo/Jenny Kane, File)
June 18, 2019 - 1:49 pm
NEW YORK (AP) — MoneyGram's shares more than doubled Tuesday after the money transfer company announced a partnership with the cryptocurrency company Ripple. The companies said late Monday that the two-year deal will allow MoneyGram to use Ripple's blockchain service for cheaper cross-border...
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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 - 5:45 am
NEW YORK (AP) — The Latest on Facebook's new digital currency. (all times local): ___ 8:40 a.m. Facebook is unveiling plans to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce on its services and boost ads on its platforms. The digital currency,...
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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 - 2:21 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...
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FILE - This July 16, 2013, file photo, shows a sign at Facebook headquarters in Menlo Park, Calif. The Boston-based renewable energy developer Longroad Energy announced in May 2019 that Facebook is building a massive new solar farm in West Texas, a project believed to be one of the largest in the nation and the social media giant's first direct investment in renewable energy. (AP Photo/Ben Margot, File)
June 11, 2019 - 12:19 pm
ALBUQUERQUE, N.M. (AP) — Facebook is building a massive solar farm in West Texas that's believed to be one of the largest solar projects in the nation and the social media giant's first direct investment in renewable energy. Boston-based renewable energy developer Longroad Energy recently announced...
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June 07, 2019 - 8:12 am
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...
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