Dutch fact-checking company severs ties with Facebook
After Leiden University severed ties with Facebook's operations in the Netherlands last year, Nu.nl remained the only fact-checking company working for Facebook in the country, but have recently announced that they too are going to end their relationship with the social media giant, citing an increasing discomfort with its policies.
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Facebook Earnings Report Rescheduled Due To Shift In Antitrust Hearing
Facebook has rescheduled its second-quarter earnings report due to a conflict related to an antitrust hearing. On Wednesday, the House Judiciary Antitrust Subcommittee will hold a hearing with the chief executives of Amazon (AMZN), Apple (AAPL), Facebook, and Google-owner-Alphabet (GOOGL). The Facebook earnings report comes after the market close. Amazon also reports second-quarter earnings after the close Wednesday.
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TikTok brings Google and Facebook executives to help expansion plans
TikTok, The Chinese-owned video-sharing app, which already employs 1,400 people in the U.S., has hired dozens of staff from Google and Facebook including several high-profile executives to help the company expand rapidly within the region. TikTok and Facebook declined to comment. Worldwide, TikTok employs 172 ex-Googlers and 165 ex-Facebookers, according to an analysis on LinkedIn
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NASDAQ in green for the year
NASDAQ in green for the year
The tech-heavy Nasdaq Composite has erased its 2020 losses and turned positive on the year, lifted by companies whose online businesses proved resilient amid the coronavirus lockdowns. After a strong four-day winning streak, the Nasdaq was able to climb into positive territory on Thursday, rebounding more than 30% since late March.
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