Facebook is being sued for anti-competitive conduct by four companies
Four different tech companies took Facebook to court on Thursday, accusing the social media giant of ant-competitive behavior. They said that Facebook restricted access to its user data for some apps while placing no restrictions on others. Facebook allegedly did this because it felt that these apps were a threat to it.
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Zuckerberg says there's 'no end in sight' for Facebook employees working from home
Facebook CEO Mark Zuckerberg on Thursday said there is no timetable for when employees will return to the company's offices amid a continuing surge in Covid-19 cases in the U.S. Zuckerberg made his comments on a call with analysts about Facebook's second-quarter results, specifically criticizing the Trump Administration for its handling of the coronavirus.
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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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CNBC
Coca-Cola halts social media advertising campaign
“There is no place for racism in the world and there is no place for racism on social media,” Coca-Cola CEO and Chairman, James Quincey, said in a statement as the company announced that it will be pausing advertising on all social media platforms globally. The company clarified it was not joining the official boycott, but said “we are pausing” advertising
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