Social Networking News

Rolling news and analysis coverage of the major social networking businesses around the globe and the sector as a whole.

Platform Industry News: YouTube video streaming from Google

White House sees YouTube, Facebook as ‘Judge, Jury & Executioner’ on vaccine misinformation

The White House has YouTube, not just Facebook, on its list of social media platforms officials say are responsible for an alarming spread of misinformation about COVID vaccines an...

Platform News: Facebook the smartphone app in-front of monitors

Facebook’s Kustomer deal set to face EU antitrust investigation

Facebook’s acquisition of US customer service start-up Kustomer is set to trigger a full-scale EU antitrust investigation next month, three people familiar with the matter sa...

Platform News: Facebook

Judge grants FTC more time to file amended complaint against Facebook

A judge in the United States has given the Federal Trade Commission until August the 19th to file an amended complaint in its antitrust lawsuit against Facebook Inc, an extension o...

Platform News: Twitter stock market and financial performance

Twitter beats revenue targets with ad improvements, shares jump 7%

Twitter Inc reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting improvements and said changes by Apple to keep iPhone...

Platform News: Social media titan, Facebook

Russia fines Facebook and Twitter for failing to delete content

A Russian court fined US social media firms Facebook and Twitter for failing to delete illegal content, the latest salvo in a standoff between Russia and Big Tech.

Platform News: Snapchat app on a smartphone

Snap beats user, revenue estimates with highest growth in 4 years

Snap Inc has beaten Wall Street estimates for users and revenue in the second quarter, notching the highest growth rates since late 2017 as new features on its messaging app Snapch...

Platform Industry News: Twitter

Brit arrested in Spain for role in infamous 2020 Twitter hack

A 22-year-old Brit has been arrested in Spain in connection with a July 2020 Twitter hack which compromised the accounts of high-profile politicians and celebrities, the US Justice...

Platform News: President Joe Biden talking about technology on the campaign trail

Pressure on Big Tech builds as Biden picks another critic for Justice post

Joe Biden nominated lawyer and Google critic Jonathan Kanter as the Justice Department’s antitrust chief in the latest sign the White House is determined to rein in the world...

Joe Biden

Biden softens tone on Facebook, urges action on vaccine misinformation

Joe Biden took a softer tone when talking about Facebook Inc, after saying last week that the social media company was “killing people” by allowing the spread of misinf...

Platform News: Dreamers

US tech companies disappointed with DACA ruling, urge Congress to act

Some US tech companies expressed disappointment with a ruling by a federal judge that blocked new applications to a program that protects immigrants who were brought to the United ...

Platform Industry News: Twitter

Twitter sees jump in govt demands to remove editorial content

Twitter Inc a surge in government demands worldwide in 2020 to take down content posted by journalists and news outlets, according to data released by the struggling social media p...

Lina Khan FTC

Facebook seeks US FTC Chair Lina Khan’s recusal in antitrust case

Facebook has asked for the recusal of Federal Trade Commission Chair Lina Khan from the FTC’s antitrust case against the company, a step that could imperil the agency’s...

Platform News: Social Media Giants, including Facebook, Google and Twitter

EU lawmaker gets backing for tougher EU tech rules

A key EU lawmaker at the European Parliament steering the debate on tough new rules aimed at Facebook, Google and other large online platforms, secured backing to beef up Europeans...

Platform News: Facebook

Facebook and Instagram will invest over $1 billion in content creators

Facebook will spend a cool $1 billion on social media creators through the end of 2022 in a fight for talent. The announcement comes in a week when TikTok became the first rival mo...