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October 22, 2021

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Nasdaq set for lower open after Intel’s margin warning

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. REUTERS/Brendan McDermid Snap tumbles on Apple tweak, drags social media giants AmEx rises on profit beat Futures: Nasdaq down 0.19%, Dow up 0.17%, S&P up 0.07%, Oct 22 (Reuters) –......

Facebook signs copyright agreement with some French publishers

Reuters
Paves the way for signing of individual licences Copyright fees included in preliminary deal – source Publishers not compelled to use Facebook News service PARIS, Oct 21 (Reuters) – Facebook (FB.O) said on Thursday it had signed a preliminary copyright agreement with a French news publishers’ lobby group, paving the......

Myanmar currency trade turns to online groups on Facebook amid crisis

Reuters
Myanmar banknotes are seen during an illegal exchange inside a house in Yangon, Myanmar, September 24, 2021. Picture taken September 24, 2021. REUTERS/Stringer Oct 1 (Reuters) – As Myanmar’s economic slump deepens after February’s military coup and parts of its financial system freeze up, many in the strife-torn country are......

Facebook research shows company knew of Instagram harm to teens, senators say

Reuters
Sept 30 (Reuters) – U.S. senators on Thursday grilled Facebook Inc (FB.O) on its plans to better protect young users on its apps, drawing on leaked internal research that showed the social media giant was aware of how its Instagram app harmed the mental health of teens. The hearing in......

Facebook could face hefty fine in Russia over banned content, says regulator

Reuters
MOSCOW, Sept 30 (Reuters) – Russian authorities on Thursday warned social media giant Facebook (FB.O) it faces a fine of up to 10% of its annual turnover in the country unless it deletes content Moscow deems illegal. Upping the ante in its standoff with U.S. Big Tech, state communications regulator......

YouTube blocks all anti-vaccine content

Reuters
A YouTube logo seen at the YouTube Space LA in Playa Del Rey, Los Angeles, California, United States October 21, 2015. REUTERS/Lucy Nicholson WASHINGTON, Sept 29 (Reuters) – YouTube will block all anti-vaccine content, moving beyond its ban on false information about the COVID vaccines to include content that contains......

CNN denies Australians access to its Facebook pages, cites defamation risk

Reuters
SYDNEY, Sept 29 (Reuters) – CNN said it is preventing Australians from accessing its Facebook Inc (FB.O) pages after a court ruled that publishers can be liable for defamation in public comment sections and the social media firm refused to help it disable comments in the country. The move makes......

Facebook invests $50 mln to build the ‘metaverse’ in responsible manner

Reuters
A 3D printed Facebook logo is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration Sept 27 (Reuters) – Facebook Inc (FB.O) will invest $50 million to partner with organizations to responsibly build the so-called metaverse – a digital world where......

Facebook puts Instagram Kids app on hold

Reuters
Silhouettes of mobile users are seen next to a screen projection of Instagram logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Sept 27 (Reuters) – Instagram has hit pause on a new app that it is creating for kids, the Facebook-owned (FB.O) photo-sharing app said on......

Review: Hitting the brakes on tech’s runaway train

Reuters
MILAN, Sept 24 (Reuters Breakingviews) – Back in the 1880s, horses plied the roads of London and most people lived a rural life. Jump to the 1920s and the combustion engine, electricity and the telephone had taken hold and re-shaped society. Today we are undergoing an even faster period of......

Twitter rolls out bitcoin tipping, safety features in product push

Reuters
Sept 23 (Reuters) – Twitter Inc (TWTR.N) will allow people to tip their favorite content creators with bitcoin and will launch a fund to pay some users who host audio chat rooms on its Spaces feature, the company said on Thursday. The San Francisco-based company added it will test new......

Twitter seeks to settle 2016 class action lawsuit for $800 mln

Reuters
Sept 20 (Reuters) – Twitter Inc (TWTR.N)said on Monday it would pay $809.5 million to settle a shareholder class action lawsuit from 2016 that alleged the company misled investors about its daily and monthly user engagement numbers. The individual defendants and Twitter continue to deny any wrongdoing or any other......

Marketmind: Watch those spiralling gas prices

Reuters
Fuel prices are displayed at a gas station in Copacabana beach in Rio de Janeiro, Brazil, September 2, 2021. REUTERS/Ricardo Moraes/Files A look at the day ahead from Sujata Rao. A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from......

Facebook says WSJ allegations are ‘mischaracterizations,’ confer ‘false motives’

Reuters
The logo of Facebook is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann Sept 18 (Reuters) – Facebook Inc (FB.O) on Saturday slammed a Wall Street Journal series of articles about the social media company’s platform as containing “deliberate mischaracterizations” and said the articles......

Exclusive: Facebook targets harmful real networks, using playbook against fakes

Reuters
Sept 16 (Reuters) – Facebook (FB.O) is taking a more aggressive approach to shut down coordinated groups of real-user accounts engaging in certain harmful activities on its platform, using the same strategy its security teams take against campaigns using fake accounts, the company told Reuters. The new approach, reported here......

FTC staff to present findings on Big Tech’s smaller acquisitions

Reuters
WASHINGTON, Sept 15 (Reuters) – Staff of the Federal Trade Commission will present their findings on Wednesday on business deals that tech platforms like Facebook (FB.O) and Alphabet’s (GOOGL.O) Google did that were sometimes too small to prompt antitrust review. The agency, which began holding open meetings after progressive Lina......

EXCLUSIVE Snap Inc hires first global head of platform safety

Reuters
Snapchat app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 15 (Reuters) – Snapchat’s owner has hired a longtime online safety advocate as its first global head of platform safety, Snap Inc told Reuters on Wednesday, as the company continues to ramp......

Brazil Senate leader kills Bolsonaro decree criticized by tech firms

Reuters
President of Brazil’s Senate Rodrigo Pacheco listens to Brazil’s President Jair Bolsonaro during a ceremony at the Planalto Palace, in Brasilia, Brazil September 14, 2021. REUTERS/Adriano Machado BRASILIA, Sept 14 (Reuters) – Brazilian Senate leader Rodrigo Pacheco said on Tuesday he would not consider President Jair Bolsonaro’s decree limiting social......

Tech giants seek meeting with new Malaysian PM on foreign ship cable waiver

Reuters
KUALA LUMPUR, Sept 4 (Reuters) – Facebook, Google, Microsoft and Amazon are seeking to meet Malaysia’s Prime Minister Ismail Sabri Yaakob to ask that foreign vessels be allowed to repair undersea cables in the country’s waters, a Google spokesperson said on Saturday. The tech giants sent a letter on Wednesday......

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