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Facebook’s dominance in the social networking space has reportedly put it in the Federal Trade Commission’s crosshairs. The tech giant could be hit by an antitrust lawsuit as soon as the end of this year, the Wall Street Journal reports, as the regulator examines whether Facebook has used its market dominance to quash competition. The …
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Mark Zuckerberg and his wife, Priscilla Chan, recently donated $250 million to the Center for Tech and Civic Life (CTCL), a progressive election organization that has already funded Democrat stronghold districts with millions in preparation for November’s elections. In the announcement on their website, the CTCL stated that they will “regrant” the donation “to local …
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Facebook CEO Mark Zuckerberg says the social media platform is bracing for “civil unrest” following the 2020 presidential election. The tech titan said Facebook is trying to clamp down on misinformation ahead of the November vote because of the risk of an uproar in the days or weeks it will take to count all the …
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Facebook will ban new political ads during the week leading up to the general election on November 3, the company’s CEO Mark Zuckerberg announced Thursday. “The U.S. elections are just two months away, and with Covid-19 affecting communities across the country, I’m concerned about the challenges people could face when voting,” Zuckerberg wrote in a memo …
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Facebook is implementing a worldwide limit on forwarding within its Messenger app ahead of the US presidential election. The popular chat platform will follow in sister company WhatsApp’s footsteps by limiting users to only five forwards at a time, Facebook said in a blog post, which it hopes will keep people from spreading potential misinformation …
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Facebook will stop accepting new political advertisements in the week before November’s presidential election in an attempt to clamp down on misinformation. The move is one of several steps Facebook will take to combat voter suppression and protect the integrity of a contentious vote held amid the coronavirus pandemic, CEO Mark Zuckerberg announced Thursday. “This …
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Mark Zuckerberg’s reign as the third-richest man on Earth didn’t last long. The Facebook CEO lost his grip on the No. 3 spot this week after Tesla boss Elon Musk’s wealth soared to new heights, capping a rally that has seen him add a staggering $87.8 billion to his fortune this year. Musk — worth …
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Mark Zuckerberg poured gasoline on his simmering feud with Apple on Friday, slamming the company’s “stranglehold” on the iPhone’s App Store, saying it charges “monopoly rents.” In leaked remarks from Facebook’s weekly employee town hall obtained by BuzzFeed, Zuckerberg railed against the 30-percent cut that Apple takes from in-app iPhone purchases. “[Apple has] this unique …
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Make room, Jeff, Bill and Mark: the 12-digit club has a new member. Elon Musk’s fortune crossed the $100 billion mark on Friday as Tesla’s shares continued a dizzying rally that has seen the company’s market cap more than quadruple this year. The South Africa-born chief executive has now followed Amazon’s Jeff Bezos, Microsoft founder …
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Jeff Bezos is giving a whole new meaning to the title of world’s richest man. The Amazon CEO’s net worth soared to a record $200 billion on Wednesday when shares of his online shopping behemoth hit $3.403.64 on surging demand for contactless shopping. The stock recently traded at $3,406.84, up 1.8 percent, or $60.35 a …
Facebook’s dominance in the social networking space has reportedly put it in the Federal Trade Commission’s crosshairs. The tech giant could be hit by an antitrust lawsuit as soon as the end of this year, the Wall Street Journal reports, as the regulator examines whether Facebook has used its market dominance to quash competition. The …
