Thursday, July 29

Facebook Inc.

Donald Trump, Facebook Inc., Innovation, Jack Dorsey, Mark Zuckerberg, Twitter Inc.

Trump sues Facebook, Twitter, Google after social media ban

Breadcrumb Trail Links News Innovation Without access to the broad reach afforded by social media giants, Trump has struggled to maintain an online presence Author of the article: Bloomberg News Mark Niquette and Naomi Nix Former US president Donald Trump gestures while speaking to his supporters during the Save America Rally in Sarasota, Florida, July 3, 2021. Photo by Octavio Jones/Reuters files Article content Former President Donald Trump sued Facebook Inc., Twitter Inc., Alphabet Inc.'s Google and their chief executives, raising the stakes in his battle against social media giants who have blocked him. Advertisement This advertisement has not loaded yet, but your article continues below. Article content Billing the effort during a Wednesday p...
Facebook Inc., Innovation

Facebook’s market cap tops $1 trillion for first time after judge rejects monopoly complaints

Breadcrumb Trail Links News Innovation The dismissal is the first big blow to state and federal lawsuits against Big Tech firms Author of the article: Reuters Diane Bartz and Elizabeth Culliford A judge Monday dismissed a blockbuster antitrust suit against Facebook filed last year by federal and state regulators, saying the lawsuit failed to "plausibly" establish that the social network had created a monopoly. Photo by Lionel Bonaventure/AFP via Getty Images Article content WASHINGTON — A US judge on Monday dismissed federal and state antitrust complaints against Facebook Inc that sought to force the social media company to sell Instagram and WhatsApp, saying the federal complaint was “legally insufficient.” Facebook shares rose more than 4 per cent after the ru...
copyright, Facebook Inc., Google Inc., Media, Telecom, Throne Speech

‘Absolutely huge’: Media groups optimistic after Liberal pledge to make internet giants pay for content

Article content continuedA way to ensure that people pay a fair fee to producers of the content, not a penalty, nothing punitiveDaniel Bernhard, Friends of Canadian BroadcastingCanada's stab at a law might follow Australia's proposed effort based on fair trading. Canberra legislators may have a final draft of it within weeks, Rod Sims, chair of the Australian Competition and Consumer Commission, told the Associated Press this month.Facebook warned Australia that it might simply bar local news rather than pay for it, while Google said it could impact its search results and user data, according to the AP report.Efforts in Europe to rein in the tech giants through copyright laws so far haven't been successful."There's a real virtue in the Australian model in that it's very fast and it's di...
Australia, Business, Facebook Inc.

Canada stands with Australian government against Facebook’threats,’ Heritage Minister says

Article contentCALGARY — Canada's Heritage Minister Steven Guilbeault said the country stands with Australia and won't tolerate “any form of threats” from Facebook Inc. over proposed laws to force the internet giant to pay news companies.Tensions between Facebook and the Australian government have escalated in recent months over a proposed law in the country that would force the social media giant to pay local media outlets for their content.In a post this week, the Menlo Park, Calif.-based company said it would block Australians from sharing news content on its platform if the proposal is passed into law."This is not our first choice — it is our last. But it is the only way to protect against an outcome that defies logic and will hurt, not help, the long-term vibrancy of Australia's ne...
Alphabet Inc., Amazon Inc., Apple Inc., digital media, Facebook Inc., Google Inc., Innovation

Tech giants grilled for hours over allegations of anti-competitive behaviour

Article content continued'Let us steal your content or (essentially) disappear from the web.'… Mr. Pichai, isn't that anti-competitive?Rep. David CicillinePichai said several times that he disagreed with the characterizations laid out by committee members.Bezos, too, pushed back when he came under fire several times for treatment of third-party sellers hosted on Amazon.Representative Lucy McBath said committee members have spoken to third-party sellers who used words like “bullying, fear and panic” to describe their relationship with Amazon."It's not the systematic approach that we take, I can assure you," Bezos said, after McBath played audio of a bookseller who said her business was limited due to Amazon's practices.McBath suggested he was missing the point, and that the issue was not...