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• Facebook asked a London tribunal to block a £3 billion collective lawsuit over allegations that the social media giant abused its dominant position to monetize users' personal data. The mass action was brought on behalf of around 45 million Facebook users in the UK that were said to be not properly compensated for the value of personal data provided. Meta said the lawsuit was "entirely without merit" and the plaintiffs ignored the "economic value" Facebook provides.
31 Oca 2023
• Over 500 advertisers have paused spending on Twitter since Elon Musk's takeover, and the social media company's daily revenue on Jan. 17 was 40% lower than the same day last year, The Information reported.
19 Oca 2023
• US public schools in Seattle have sued tech giants behind TikTok, Facebook, Instagram, YouTube, and Snapchat for creating a "mental health crisis among America's Youth." The lawsuit, filed in a US district court, claims that tech companies exploit the addictive nature of social media that results in increased levels of anxiety, depression, and thoughts of self-harm.
10 Oca 2023
• Elon Musk responded to a suggestion from a Twitter Blue subscriber, who said only subscribers should get a vote on policy polls, with "Good point. Twitter will make that change." The tweet came on the same day that users voted decisively for Musk to step down as chief executive of the social media platform.
21 Ara 2022
• Republican US Senator Marco Rubio unveiled bipartisan legislation to ban TikTok , increasing pressures on the social media app’s China-based owner ByteDance amid fears that the app could be used to spy on US citizens and censor content. The law would block all transactions from any social media company in or under the influence of China and Russia, Rubio’s office said.
14 Ara 2022
• TikTok is expected to be the only major social media platform that has significantly increased its advertising revenue this year, according to an industry estimate from Magna that underlines the economic stress surrounding the online ad market. TikTok doubled its ad revenue in 2022 according to a GroupM report, whereas social media advertising, in general, has only grown 4% where as it was 36% in 2021. via FT
06 Ara 2022
• The UK’s Online Safety Bill no longer requires influential social media platforms like Facebook, Twitter, and TikTok to remove "legal but harmful" content. Instead, the tech giants will have to give users more control to filter posts that they don’t want to see. Critics of the section that was removed from the bill said it posed a risk to free speech. On the other hand, the change was criticized as a "major weakening" of the proposed legislation.
30 Kas 2022
• Hive, an alternative social media app , hit 1 million users after Twitter users fleeing the platform following Elon Musk's takeover boosted its sign-ups. The alternative app —which made it to the top 20 on the US App Store over the weekend— is not a direct Twitter clone, but has combined concepts from Instagram, Twitter, and also MySpace, with a feature that lets users add music to their profiles. Hive On a related note: Elon Musk is refusing to pay hundreds...Devamını Oku
24 Kas 2022
• Elon Musk plans to cut half of the jobs at Twitter in a bid to drive down costs following his $44 billion acquisition, reported Bloomberg, adding the ‘Chief Twit’ is set to inform affected staffers Friday. Musk also intends to reverse the social media company’s existing work-from-anywhere policy, asking remaining employees to report to offices — with some exceptions.
04 Kas 2022
• Facebook parent Meta admitted defeat after Britain’s Competition and Markets Authority ordered the company to sell animated-images platform Giphy due to a substantial lessening of competition in the social media and display advertising market. Meta said the company was “disappointed by the CMA’s decision but accept today’s ruling as the final word on the matter.” via CNBC
19 Eki 2022