Social media industry

FILE - This April 22, 2005, file photo, shows logos for MasterCard and Visa credit cards at the entrance of a New York coffee shop. Visa and Mastercard are dropping out of Facebook’s Libra project, a potentially fatal blow to the social network’s plan for a worldwide digital currency, Friday, Oct. 11, 2019. (AP Photo/Mark Lennihan, File)
October 12, 2019 - 7:05 am
Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant eBay and payments startup Stripe. Last week,...
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FILE - In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. Attorney General William Barr wants Facebook to give law enforcement a way to read encrypted messages sent by users, re-igniting tensions between tech companies and law enforcement. (AP Photo/Andrew Harnik, File)
October 09, 2019 - 2:34 pm
WASHINGTON (AP) — Facebook CEO Mark Zuckerberg will appear before Congress this month as the tech giant is under pressure from lawmakers and regulators over its massive market power and record of privacy breaches. Rep. Maxine Waters, the California Democrat who heads the House Financial Services...
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FILE - In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. Zuckerberg will be in Washington Thursday, Sept. 19, 2019, to meet with lawmakers and talk about internet regulation. The company said the meetings are not public and it did not give details on whom Zuckerberg is meeting with and what, exactly, he'll discuss. (AP Photo/Andrew Harnik, File)
September 19, 2019 - 7:23 pm
WASHINGTON (AP) — As Facebook CEO Mark Zuckerberg met Thursday with President Donald Trump and other critics of the tech industry, the Senate's most vocal detractor offered a challenge: Sell your WhatsApp and Instagram properties to prove you're serious about protecting data privacy. It may have...
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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 - 5:04 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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September 10, 2019 - 1:06 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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September 10, 2019 - 1:06 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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FILE - This Jan. 17, 2017, file photo shows a Facebook logo displayed at a business gathering in Paris. Facebook is reportedly in talks with news publishers to offer “millions of dollars” for the rights to publish their material on its site amid years-long criticism over its apparent role in taking away online advertising dollars from the struggling industry. (AP Photo/Thibault Camus, File)
August 08, 2019 - 5:19 pm
SAN FRANCISCO (AP) — Facebook is reportedly in talks with news publishers to offer "millions of dollars" for the rights to publish their material on its site. The move follows years of criticism over its growing monopolization of online advertising to the detriment of the struggling news industry...
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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 - 1:36 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 March 28, 2018, file photo shows a Facebook logo at the company's headquarters in Menlo Park, Calif. Facebook’s ambitious plan to create a new financial system based on a digital currency faces questions from lawmakers, as it’s shadowed by negative comments from President Donald Trump, his Treasury secretary and the head of the Federal Reserve. (AP Photo/Marcio Jose Sanchez, File)
July 16, 2019 - 5:11 pm
WASHINGTON (AP) — Under sharp criticism from senators, a Facebook executive on Tuesday defended the social network's ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users' data. "We know we need to take the time to get...
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FILE - This March 28, 2018, file photo shows a Facebook logo at the company's headquarters in Menlo Park, Calif. Facebook’s ambitious plan to create a new financial system based on a digital currency faces questions from lawmakers, as it’s shadowed by negative comments from President Donald Trump, his Treasury secretary and the head of the Federal Reserve. (AP Photo/Marcio Jose Sanchez, File)
July 16, 2019 - 4:35 pm
WASHINGTON (AP) — The Latest on congressional hearings on the reach of big tech (all times local): 4:50 p.m. Rep. Joe Neguse, a Democrat from Colorado, sought to pin down Facebook on the subject of "monopoly" during a hearing on the power of Big Tech. Facebook argues it is not a monopoly because it...
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