On Wednesday, four big tech CEOs — Apple’s Tim Cook, Amazon’s Jeff Bezos, Google’s Sundar Pichai and Facebook’s Mark Zuckerberg — will come face to face with Congress, in a hearing held by Antitrust Subcommittee Chair David Cicilline. The hearing is one result of a yearlong investigation by Cicilline’s subcommittee into whether these four companies regulate more of the U.S. economy than our public officials do.
For some, this hearing may seem like a series of technical questions about market power, and for others, a mere congressional spectacle. But the stakes are high. This hearing is part of the only major investigation into corporate power by any Congress in recent memory. How this hearing goes, and whether Congress over the next few years develops the confidence to break up and regulate these giants, will in many ways determine whether America remains a self-governing democracy.
That might seem like hyperbole, but
Herbalife, Live Nation Entertainment, Facebook, Microsoft and Amazon highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – July 23, 2020 – Zacks Equity Research Shares of Herbalife Nutrition Ltd. HLF as the Bull of the Day, Live Nation Entertainment, Inc. LYV asthe Bear of the Day. In addition, Zacks Equity Research provides analysis onFacebook, Inc. FB, Microsoft Corporation MSFT and Amazon.com, Inc. AMZN
Here is a synopsis of all five stocks:
Bull of the Day:
Today’s Bull of the Day and the Bear of the Day share a common theme. They’ve both been disproportionately affected by the outbreak of Covid-19 and their recent reversals of fortune have caused me to completely change my mind about both of them.
I’ve never been a fan of the “multi-level-marketing” (MLM) sales model. Admittedly, that’s as much because of my personal distaste for the practice of hectoring your friends and relatives to buy products as my belief that the bottom-heavy structure encourages exaggerated boom-and-bust
Social media giants could soon get a stronger taste of the Trump administration’s attempt to weaken legal protections that have long shielded those platforms from liability for edits and deletions to user content.
Companies targeted by the President’s May 28 executive order could learn in more detail by Monday — when the order’s 60-day deadline arrives — how the administration intends to carry out its plan. It coincides with social media CEOs preparing to testify Monday before lawmakers on the hotly-contested and related issue of antitrust.
Underscoring the stakes, the executive order charges Twitter (TWTR), Facebook (FB) and its photo-sharing platform Instagram, as well as Google’s (GOOG) YouTube with wielding “immense, if not unprecedented, power to shape the interpretation of public events; to censor, delete, or disappear information; and to control what people see or do not see.”
The order requests that the Federal Communications Commission (FCC) reinterpret and issue
A Key West boat captain’s racist Facebook rant has cost the parasailing company he helps run its business location.
“I should call them what they are, [a racial slur in all capital letters],” Larry Bistricky wrote in a Facebook comment last week, replying to a Key West woman who had challenged a previous comment he made about people begging for money in the streets.
In another comment thread, Bistricky wrote, “The only thing a black person in this county has perfected is collecting that welfare check.”
Bistricky works for Parawest Parasailing, which was kicked out of a spot at the coveted A & B Marina at the Key West Historic Seaport on Thursday.
San Francisco (AFP) – Facebook said Wednesday it took down accounts of Roger Stone, a longtime ally of US president Donald Trump, after an investigation uncovered links to a network involved in deceptive activity dating back to the 2016 US election.
Stone’s personal accounts at Facebook and Instagram were among those removed in a crackdown on “inauthentic coordinated behavior” in various parts of the world, the social networking giant said.
Facebook separately targeted fake accounts tied to Brazil’s President Jair Bolsonaro and networks in Canada, Ecuador and Ukraine which disguised their true origins.
The Stone network was uncovered with the help of information unearthed by the Robert Mueller investigation, according to Facebook head of security policy Nathaniel Gleicher.
Stone, who has been convicted on charges of lying and witness tampering in a federal investigation, was linked to more than 50 Facebook and Instagram accounts, and dozens of pages involved in
Hundreds of advertisers say they won’t spend money on Facebook in July or beyond over concerns the social media company isn’t doing enough to stop hate speech. But the exodus of spenders may not be enough to push CEO Mark Zuckerberg to make the level of change that critics are demanding.
Critics have an initial list of 10 recommendations that they say would help Facebook corral hate speech and make civil rights a priority when moderating content.
Zuckerberg and top executives, who have agreed to meet with the civil rights groups behind the Stop Hate for Profit boycott this week, plan to release the company’s third civil rights audit, which Facebook says will address many of the activists’ concerns, as well as other policy changes that were already under consideration.
The pressure on Facebook seems intense, but it may not be as powerful as the headlines make it appear.
MeWe is a social network that says it has no ads, spyware, targeting, political bias, or newsfeed manipulation. In other words, it bills itself as the “anti” Facebook.
Parler is a social media app with one point of view: conservative. It’s a place for folks who don’t like the spin at Facebook, or as it describes itself, “free expression without violence and a lack of censorship.”
So maybe, like Coca-Cola, Unilver, Starbucks and other corporations, you’ve had it with Facebook and its policies about either not curbing hate speech, or if you’re on the other side of the aisle, censoring free thought.
Where to go? We have some ideas for you.
Controversy: Trump’s Twitch channel suspended, and Reddit bans pro-Trump online group
Social: Facebook, social media under more pressure from brands over hate speech
Yes, that network that for years was thought of
If you own a business, you need a web presence. First and foremost, that means you should have a great website. There’s no way around that. But what about social media? Is it necessary to have a Facebook business page?
Let’s see. In December 2019, Facebook had an average of 1.66 billion daily active users, according to its fourth quarter results. So, if you own a business, you want a Facebook page. The trick is to do it right.
Here’s how to make one that will not only start some social chatter but will create new customers for your business.
Building Your Facebook Business Page
The first thing you need to do is to create your Facebook business page. While it’s not difficult to do, you should be thoughtful about how you put it together. Here are a few tips.
Make a Professional, Not Personal Profile
You don’t want to
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There are lots of reasons someone might want to delete their Facebook account, from an effort to just spend less time on social media, to anger over privacy scandals or the presence of misinformation and hate groups on the platform.
Recently, many advertisers have quit Facebook too, at least temporarily, while calling for greater efforts by the company to crack down on misinformation and other harmful content.
If you want to give the platform one more chance, you could just adjust your Facebook privacy settings, or follow some steps for healthier social media use. Otherwise, read the following directions first to avoid some pitfalls.
Deactivate Your Facebook Account
If you just want to take a step back, Facebook gives you the option to deactivate your account temporarily. This allows you to reactivate any time you want, simply by logging
The UK needs tougher rules to curb the dominance of Google and Facebook, including powers to break them up, the Competition and Markets Authority has said.
It is concerned that the firms’ dominance in digital advertising raises barriers for new competitors.
This may be pushing up prices for consumers, the CMA said.
The tech giants said they faced strong competition and that they would work with regulators on their concerns.
The CMA, which has been investigating their power in advertising for a year, said on Wednesday that it was “concerned that they have developed such unassailable market positions that rivals can no longer compete on equal terms”.
Google has more than 90% of the £7.3bn search advertising market in the UK, it said.
Facebook takes more than half of the £5.5bn UK online display advertising market.
The CMA said the services provided by Google and Facebook “are highly valued by