Advertisements for more than 400 brands are due to vanish from Facebook on Wednesday after the failure of last-ditch talks to stop a boycott over hate speech on the site.
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Facebook shares were poised to fall for a second day after more businesses, including Starbucks and Diageo, joined the growing number of brands planning to halt spending on social media.
Mark Zuckerberg just became $7.2-billion poorer after a flurry of companies pulled advertising from Facebook’s network – but he’s still the fourth richest person in the world.
Verizon Communications said on Thursday it was pausing advertising on Facebook in support of a campaign that called out the social media giant for not doing enough to stop hate speech on its platforms.
Twitter placed a warning notice on a tweet by US President Donald Trump threatening “serious force” against protesters in the US capital, the second time it has used the label.
China has penalised 10 of the country’s most popular live-streaming apps, suspending some of their operations in a renewed crackdown on fast-growing services.
Facebook has acquired Swedish mapping technology company Mapillary, which collects images from tens of thousands of contributors to build immersive and up-to-date maps.
Twitter is testing a new feature that will allow users to tweet using their voice, capturing up to 140 seconds of audio in a single tweet.
Facebook fired an employee who had criticised CEO Mark Zuckerberg’s decision not to take action against inflammatory posts by US President Donald Trump this month.
Facebook’s leadership is yet again displaying a spectacular failure to take responsibility for the monster it created. By Cathy O’Neil.