This decision to regulate some of US President Donald Trump’s most controversial posts has sparked a backlash from the president, and spawned a new uncertain chapter for the industry.
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Twitter and Facebook have both sparked the ire of Donald Trump, but the social networks have taken nearly opposite approaches to politics and the US president.
Twitter CEO Jack Dorsey has defended the platform’s decision to fact-check Donald Trump’s tweets after Facebook chief Mark Zuckerberg questioned the move.
US President Donald Trump on Wednesday threatened to regulate or shut down social media companies, one day after Twitter added a warning to some of his tweets.
TikTok parent company ByteDance generated more than $17-billion in revenue and more than $3-billion in net profit last year, making it a serious rival to Facebook and Google.
A pair of Donald Trump’s tweets that made unsubstantiated claims about mail-in voting were appended on Tuesday with links pointing readers to news stories fact-checking him.
ByteDance’s valuation has risen at least a third to more than $100-billion in recent private share transactions, people familiar with the matter said.
Walt Disney Co’s top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the CEO of TikTok, the popular video app owned by China’s ByteDance.
Facebook is acquiring Giphy, a popular website for making and sharing animated images, or GIFs, and will integrate it with its rapidly growing Instagram photo-sharing app.
More than 50 million pieces of content were given warning labels on Facebook for being misleading in relation to coronavirus, the social network has revealed.