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.
Browsing: Mark Zuckerberg
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.
Chief executives from four of the biggest US technology companies will face a moment of reckoning on Wednesday in an extraordinary joint appearance before lawmakers.
A widely anticipated meeting on Tuesday between the social media giant and the civil rights groups behind the recent Facebook ad boycott did not go well.
Organisers of a growing Facebook advertising boycott said they saw “no commitment to action” after meeting with CEO Mark Zuckerberg on Tuesday.
Facebook COO Sheryl Sandberg said the company needs to get better at removing hateful speech – a response to hundreds of companies that have stopped advertising on the social network.
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.
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.
Facebook’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money to individuals or local businesses within a chat, attaching payment as they would a photo or video.