Social Media

Twitter Down 13% in Premarket Trading Friday as Musk Puts Deal on Hold

Edward Kim | |

"Temporarily on hold," Musk tweeted Friday morning.

Betting Against Elon Musk Has Not Been Profitable

Tradier | |

Love him or hate him, he has emerged as one of the most brilliant business and engineering minds of this generation.

How Do Financial Institutions Stay Competitive in a Digital World?

Doug Wilber | |

Traditional banks can highlight their human advantage by putting advisors and loan officers at the center of their social media strategies.

UK Regulator Rules Facebook Must Sell Giphy

AP News | |

The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images.

The Competition and Markets Authority said Tuesday that the deal would let Facebook “increase its already significant market power” by denying or limiting other platforms’ access to Giphy GIFs and driving traffic to Facebook-owned sites. It has noted previously that there’s only one other big provider of GIFs, Google’s Tenor.

What is the Facebook Metaverse? Think of The Matrix Movie: Jeff Kagan

Jeff Kagan | |

There is so much buzz about the coming Facebook re-branding. CEO Mark Zuckerberg hinted at this several times recently when he discussed the metaverse. The problem is that no one knows what the metaverse is. So, let’s take a closer look at the metaverse, what is it, how it will change Facebook, how it will impact the marketplace and what workers, users and investors need to know.

Facebook Willing To Accept More Oversight and Regulation

Kimberly Redmond | |

Facebook Inc (Nasdaq: FB) said that, while it has done its best to keep harmful content off its social media platforms, the company is willing to accept greater oversight and regulation to ensure its algorithms are working as intended. 

During an appearance Sunday on CNN’s “State of the Union,” Nick Clegg, Facebook’s vice president of global affairs, defended the company’s business practices following accusations from a whistleblower that it ...

Twitter Settles Class Action for $809.5 Million Over Providing Misleading Information to Investors

Kimberly Redmond | |

Twitter Inc disclosed a binding agreement to settle a consolidated class-action lawsuit, under which the social media company will pay $809.5 million to resolve claims it provided misleading information to investors.

The settlement announced Monday stems from a lawsuit filed in September 2016 by a Twitter shareholder that accused company executives, including CEO Jack Dorsey, of artificially inflating its stock price by misleading investors about how often people used the site.

Australia High Court Rules Media Companies Liable for Third Party Comments on Their Facebook Pages

AP News | |

Australia’s highest court on Wednesday made a landmark ruling that media outlets are “publishers” of allegedly defamatory comments posted by third parties on their official Facebook pages.

The High Court dismissed an argument by some of Australia’s largest media organizations — Fairfax Media Publications, Nationwide News and Australian News Channel — that for people to be publishers, they must be aware of the defamatory content and intend to convey it.

Roundhill MEME ETF Attempts To Tap Retail Investor and Social Media Sentiment

Reuters | |

Investors looking to bet on the "meme stock" phenomenon that has characterized the retail trading boom may soon have a new way to do so, with the Roundhill MEME exchange-traded fund, which tracks an index made up of stocks trending on social media.

The ETF, which requires regulatory approval, will seek to track the performance, before fees and expenses, of the Solactive Roundhill Meme Stock Index, which in turn seeks to track the performance of "meme stocks," according to a filing on Thursday with the U.S. Securities and Exchange Commission.

Facebook's Most Viewed Article in Q1 Cast Doubt on COVID-19 Vaccine

Kimberly Redmond | |

Facebook Inc (Nasdaq: FB) acknowledged that it held back from publishing a report about the most widely viewed posts on its social media platform from January through March 2021.

According to The New York Times, which obtained a copy of the report before Facebook released it, the most shared external link on Facebook during the first quarter of this year was a since-updated article that suggested a Florida doctor’s death was linked to the coronavirus vaccine.

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