US technology giants are increasingly dominating the stock market in the midst of the coronavirus pandemic, even as they draw accusations of unfair business practices. Some investors fear the pump is primed for a tech-fuelled sell-off.
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Facebook has said its apps will no longer collect unique device data from people using Apple’s upcoming iOS 14 operating system, a change that will drastically hinder the social network’s targeted advertising business.
Facebook said Apple declined its request to waive a 30% commission fee the iPhone maker charges apps listed on iOS devices, taking a shot at its fellow Big Tech peer as developers challenge the policy.
Over the past several days, however, videogame developers ranging from Epic Games, Microsoft and Facebook, have ensured that Apple doesn’t dodge scrutiny over its App Store practices and policies.
The US justice department is moving “full tilt” on its antitrust investigation of Google and other Big Tech platforms, the department’s second-ranking official said.
Mark Zuckerberg’s net worth passed $100-billion for the first time on Thursday after Facebook hit a record on optimism about the release of its TikTok competitor Reels.
Facebook on Wednesday for the first time took down a post by US President Donald Trump, which the company said violated its rules against sharing misinformation about the coronavirus.
Facebook rolled out its own version of social media rival TikTok in more than 50 other countries on Wednesday, embedding a new short-form video service called Reels as a feature in Instragram.
TikTok owner ByteDance has accused Facebook of plagiarism and smears, and said it faced “complex and unimaginable difficulties” as it worked to grow into global company.
Facebook has completed a series of deals for the right to show music videos, according to people familiar with the matter, vaulting the social network into a medium dominated by YouTube.