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NAS:FB, Oct 25, 04:10 UTC

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Friday, October 23


News

Facebook, Twitter CEOs to testify post-election: U.S. Senate panel

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Facebook, Twitter CEOs to testify post-election: U.S. Senate panel. FILE PHOTO: Facebook CEO Mark Zuckerberg listens to a question about his company's policies on extremists and hate speech on the Facebook platform from Rep. Jamie Raskin (D-MD) as he testifies remotely via videoconference during a U.S. House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on ''Online Platforms and Market Power'' in this screengrab made from video as the committee meets on Capitol Hill, in Washington, U.S., July 29, 2020. WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee said on Friday the chief executives of Twitter Inc and Facebook Inc will testify before the panel on Nov. 17 over their decision to block stories that made claims about Democratic presidential candidate Joe Biden's son. The CEOs of Facebook, Twitter and Alphabet Inc will also testify before the Senate Commerce Committee on Oct. 28 about a key law protecting internet companies.

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The Week Ahead: ECB rate decision; Apple, Facebook, BP results

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Investor reaction since new CEO Bernard Looney outlined these new plans has been less than enthusiastic, with the share price continuing to fall to levels last seen in 1995. While this is disappointing, turning around a company of BPs size and mindset was always going to be akin to turning around a supertanker. Tuesday: When HSBC reported its first-half numbers in August, it’s shares hit an 11-year low in London trade, after reporting that it could see up to $13bn in loan losses over the course of the rest of the year. Since then, the shares have continued to slip back, as signs of a second wave and further central bank stimulus have weighed on the sector. All but 39 of its hotels in the UK remaining closed, with the assumption that they would have fairly low occupancy until September. While the summer months have seen numbers pick up, the slowdown in bookings and the upcoming end of furlough saw company management warn that 6,000 jobs could go last month. Thursday: The most recent Japanese GDP numbers showed that the Japanese economy contracted 7.9% in Q2, with household spending making the largest part of that contraction. Since then the latest manufacturing and services PMI numbers in Q3 have remained consistently in contraction territory at around 46.

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Naomi Campbell calls out Facebook on #ENDSARS posts censorship

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In what appears to be a clean-up of posts exposing the ongoing police brutality crisis in Nigeria, the international supermodel, activist, and philanthropist, ​Naomi Campbell, has called out Facebook to stop censoring posts wrongly. According to Naomi’s Instagram page, Facebook had flagged her post which showed the Nigerian flag and mentioned President Muhammadu Buhari to stop the incessant killing of the Nigerian people by its military. Naomi Campbell called out Facebook to allow people share their experiences freely and not shut them up thereby limiting the exposure of what is going on in the country. Naomi has continued to use her platform to draw the attention of all relevant international agencies to the ongoing crisis in Nigeria.

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Thursday, October 22


News

National media calling for level playing field with Google, Facebook

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National media calling for level playing field with Google, Facebook. They use their monopoly control not just to divert advertising from news media publishers, but also to divert millions in advertising revenue that they place on news media sites. Even when advertisers pay specifically to advertise on news media sites, Google and Facebook keep most of that revenue, while gathering and using data on news media site readers and advertisers for their own purposes. Black Press Media CEO Rick O’Connor stated, “It is vital that we establish the principle that the content we produce and that is subsequently picked up and carried on the platforms such as Google and Facebook should be compensated by the platforms so that we can continue to provide the journalism that our local communities want. Both Canada and Australia publishers are facing significant challenges from the web giants.

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Wednesday, October 21


News

Facebook launches dating service in Europe

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(Reuters) - Facebook Inc <FB.O> said on Wednesday it is launching its dating service in 32 European countries after the rollout was delayed earlier this year due to regulatory concerns. The social media company had postponed the rollout of Facebook Dating in Europe in February after concerns were raised by Ireland's Data Protection Commissioner (DPC), the main regulator in the European Union for a number of the world's biggest technology firms including Facebook. It also said it was not given documentation regarding data protection impact assessments or decision-making processes that had been undertaken by Facebook. The first names and ages of users in their dating profiles will be taken from their Facebook profiles and cannot be edited in the dating service, Orseth said, adding that users' last names will not be displayed and that they can choose whether to share other personal information on their profiles.

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US STOCKS-Facebook, Alphabet bolster S&P 500 as investors await stimulus

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US STOCKS-Facebook, Alphabet bolster S&P 500 as investors await stimulus. (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window). Oct 21 (Reuters) - The S&P 500 climbed on Wednesday helped by gains in internet companies Facebook and Alphabet, while investors waited for signs that Washington could be close to agreeing on the next coronavirus aid package to support a fragile economic recovery. White House Chief of Staff Mark Meadows said the Trump administration and House Democrats shared a goal of reaching an agreement on the stimulus deal in the next 48 hours.

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"Trumpcare" doesn't exist. But Facebook and Google cash in on misleading ads for "garbage" insurance

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Facebook and Google have promised to crack down on lies and misinformation about politics in the run-up to next month's presidential election, but they have run tens of thousands of ads in the past year containing false claims about health insurance reform and plans. Google and companies involved in the marketing generally defended the term "Trumpcare," saying it's legitimate to use to describe the president's general philosophy about health care or his 2017 executive order that allowed short-term insurance plans to cover a time period of up to 12 months rather than three months. Facebook said the word "Trumpcare" on its own didn't violate its rules. However, Facebook and Google both initially accepted "Trumpcare" ads that, after they were flagged by ProPublica, the companies later said did violate their rules. Traditional health care plans sold under the Affordable Care Act must comply with a host of regulations, including not discriminating against people with preexisting conditions. But the plans are expensive, and some consumers may not qualify for the income-based subsidies that reduce the cost. For example, a 40-year-old single person who makes more than $50,000 would likely not qualify for a subsidy to help pay for an individual health care plan, according to the Kaiser Family Foundation Health Insurance Marketplace Calculator.

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Tuesday, October 20


News

Global OTT Devices and Services Market 2020 Striking Opportunities and Top Manufacturers Analysis by 2025: Amazon, Apple, Facebook, Hulu, Netflix etc. – Aerospace Journal

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Global OTT Devices and Services Market 2020 Striking Opportunities and Top Manufacturers Analysis by 2025: Amazon, Apple, Facebook, Hulu, Netflix etc. Segment-wise Assessment – Global OTT Devices and Services Market: Vital market relevant information encompassing details on OTT Devices and Services market have been sourced across myriad source hubs to draw logical conclusions by in-house research experts and analysts at Orbis Research. Orbis Research is aimed at leveraging seamless comprehension of market developments by potential investors, contributing market participants as well as frontline key players. This report has therefore been presented in highly systematic presentation format with tables, charts and graphs being the most preferred form of data presentation. Orbis Research in its subsequent sections is dedicated to also unravel actionable data insights pertaining to segment potential in rendering systematic and sustainable revenue generation throughout the forecast span. The report further concentrates in divulging crucial data on product and service based information banking upon which readers can gauge about the end-user expectations governing product and service delivery and enhancements aligning with industry specifications and buyer preferences.

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Friday, October 16


News

Amazon, Facebook, and other tech stocks may be a 'disaster waiting to happen,' investor Bill Smead says

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Technology stocks could be a "disaster waiting to happen," the bosses of Smead Capital Management said in their third-quarter newsletter this week. Amazon, Facebook, Apple, and Google wield monopoly power over their addicted users, and the pandemic has only increased people's reliance on their products and services, Bill Smead and his team said. Read more:200-plus money managers pay thousands to see which stocks are on Jim Osman's buy list. Millions of people, scared or unable to leave their homes, are relying more on their devices and apps to stay connected, productive, and entertained. However, shareholders in the US technology titans could suffer heavy losses when regulators drop the hammer, the trio said.

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Instagram to tackle ‘hidden advertising’ after competition watchdog probe

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Instagram has pledged to do more to stop hidden advertising appearing on the platform following a probe by the UK’s advertising watchdog. The Competition and Markets Authority (CMA) has been investigating the Facebook-owned app over concerns that too many social media influencers are promoting businesses or services without making clear that these posts are incentivised. Instagram has previously been accused of not doing enough to clamp down on influencers who fail to properly declare paid-for endorsements and the wider issue of hidden advertising, which is illegal under consumer protection law in the UK. “We are also proud to be launching a programme with MediaSmart, to help educate young people about branded content and how to identify it.”(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','//www.google-analytics.com/analytics.js','ga');ga('create', 'UA-72310761-1', 'auto', {'name': 'pacontentapi'});ga('pacontentapi.set', 'referrer', location.origin);ga('pacontentapi.set', 'dimension1', 'By Martyn Landi, PA Technology Correspondent');ga('pacontentapi.set', 'dimension2', '7bf76ae7-9ba6-49c7-ab86-6c164ac933b9');ga('pacontentapi.set', 'dimension3', 'paservice:finance,paservice:finance:city,paservice:news,paservice:news:uk,paservice:sci-tech,paservice:sci-tech:technology');ga('pacontentapi.set', 'dimension6', 'story');ga('pacontentapi.set', 'dimension7', 'composite');ga('pacontentapi.set', 'dimension8', null);ga('pacontentapi.set', 'dimension9', null);ga('pacontentapi.set', 'anonymizeIp', true);ga('pacontentapi.send', 'pageview', { 'location': location.href, 'page': (location.pathname + location.search + location.hash), 'title': 'Instagram to tackle \u2018hidden advertising\u2019 after competition watchdog probe'});.

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