Shares of Twitter slumped 7% on Monday, on course to knock off about $2.5-billion from the market value of the company, after it permanently suspended the account of US President Donald Trump.
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Restrictions on social media app Parler underscore how technology companies have increasingly been held accountable for the potential consequences of what happens on their services.
The Signal and Telegram messaging apps are seeing a sudden increase in demand after larger rival WhatsApp’s updated terms of service raised eyebrows on social media.
Facebook-owned messaging app WhatsApp has rolled out a beta version of its desktop app that features voice and video calls for the first time.
Facebook has attacked Apple in a series of full-page newspaper advertisements, claiming the iPhone maker’s anticipated mobile software changes around data gathering are bad for small businesses.
Even in a year when bashing tech companies has become a bipartisan avocation, last week’s US antitrust assault on Facebook stands out.
Social network firm Reddit said on Sunday ithat t would buy short-video platform Dubsmash, becoming the latest company to expand in a space dominated by Chinese-owned TikTok.
The US took a major step toward the possible breakup of Facebook by formally filing an antitrust lawsuit against the technology giant. Here’s how a forced breakup would impact Facebook’s prospects.
Facebook could be forced to sell its prized assets WhatsApp and Instagram after the US Federal Trade Commission and nearly every US state filed lawsuits against the social media company on Wednesday.
Facebook will soon be hit by federal and state antitrust lawsuits accusing the social media giant of abusing its dominance and thwarting competition, according to three people familiar with the matter.