Search results for "U.S."

Twitter and Facebook become targets in Trump and Biden ads

CHICAGO (AP) — Social media has become the target of a dueling attack ad campaign being waged online by the sitting president and his election rival. They’re shooting the messenger while giving it lots of money. President Donald Trump has bought hundreds of messages on Facebook to accuse its competitor, Twitter, of trying to stifle […]

Zuckerberg, Bezos, other tech CEOs testify on competition

WASHINGTON (AP) — Four Big Tech CEOs — Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google’s Sundar Pichai and Apple’s Tim Cook — will answer for their companies’ practices before Congress at a hearing Wednesday by the House Judiciary subcommittee on antitrust. The panel has conducted a bipartisan investigation over the past year of the tech […]

Coronavirus impact saps AT&T in 2Q; hit to WarnerMedia

The coronavirus sapped $2.8 billion in revenue from AT&T in its most recent quarter, mostly in its WarnerMedia TV and film division. Its satellite TV business, DirecTV, continued to bleed customers. “I expect we’re going to be dealing with some of these economic challenges in the COVID environment as we move forward here,” said AT&T […]

A world in isolation, a surge of new users for Twitter

LONDON (AP) — The global pandemic and U.S. protests are forcing a pullback by advertisers on Twitter, but it’s also led to an unprecedented surge of users. Average daily user growth spiked 34% in the second quarter, the company said Thursday, the largest jump in users ever recorded by the company. In an earnings call, […]

Facebook's voting labels on candidate posts sow confusion

OAKLAND, Calif. (AP) — Facebook has started adding informational labels to all posts about voting by federal elected officials and candidates in the U.S., as it said it would do. But the move appears to be sowing confusion rather than dispelling it. This week, the social network applied labels to posts by President Donald Trump […]

LinkedIn laying off nearly 1,000 amid hiring slowdown

NEW YORK (AP) — LinkedIn is laying off nearly 1,000 employees, approximately 6% of its workforce globally, with unemployment in the U.S. above 13% and national economies from Europe and Asia, to the Americas, shrinking due to the pandemic. The outbreak has disrupted commerce globally, closing thousands of businesses while forcing others to furlough large […]

Report: Disney cuts back on Facebook, Instagram ads

MENLO PARK, California (AP) — The Walt Disney Co. has “dramatically” slashed its advertising budget on Facebook and Facebook-owned Instagram, according to a report in the Wall Street Journal. It’s the latest setback for the social network, which is facing a growing advertising boycott over its policies and actions on hate speech on its platforms. […]

Twitter: Hack hit 130 accounts, company 'embarrassed'

OAKLAND, Calif. (AP) — Twitter says the hack that compromised the accounts of some of its most high-profile users targeted 130 people. The hackers were able to reset the passwords of 45 of those accounts. The San Francisco-based company said in a blog post Saturday that for up to eight of these accounts the attackers […]

Netflix promotes content chief to co-CEO; adds 10M new subs

NEW YORK (AP) — Netflix added a flood of new subscribers amid the coronavirus pandemic and also offered clues to a possible successor for founding CEO Reed Hastings, who on Thursday named the company’s chief content officer, Ted Sarandos, as co-CEO. But it was investor disappointment in the outlook for new subscribers that helped drive […]

Tech companies fight to protect international talent pool in the US

On June 6, 2020, the Trump administration issued a new visa law for international students. This move comes to ban students from staying in the US if they fail to attend at least one in-person course. Google, Facebook, and Microsoft considered the decision as harm to their businesses. They have joined a lawsuit filed on […]