US antitrust officials are nearing a final decision on bringing a lawsuit against Facebook that accuses the social media giant of using its dominance to harm competition.
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US President Donald Trump and his political allies reacted with fury after Facebook and Twitter on Wednesday restricted a New York Post article linking Joe Biden and his son Hunter to a Ukrainian energy company.
Facebook on Tuesday told users it can take down or block any content that could increase regulatory or legal risks for the social media giant around the world – even if the content itself isn’t illegal.
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.
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 beat analysts’ estimates for quarterly revenue on Thursday and forecast similar growth ahead, as businesses tapped its digital ads tools despite an unprecedented boycott and the coronavirus pandemic.
Google and Facebook took particularly sharp jabs for alleged abuse of their market power from politicians on Wednesday in a much-anticipated hearing that put four of the US’s most prominent tech CEOs in the hot seat.
At Wednesday’s antitrust hearing, Facebook CEO Mark Zuckerberg is set to tell the US congress his company is an American success story crucial in winning an Internet arms race against China. TikTok’s CEO is already striking back.