Italian body initiates legal proceedings against Facebook
An Italian body in charge of overseeing the competition and ensuring proper commercial practices has initiated legal proceedings against Facebook, stating the company has failed to adequately comply with an earlier judgment. The judgment, issued in November 2018, fined Facebook 5 million EUR for improper treatment of user data and required the company to issue an amending statement to its Italy-specific homepage.
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Facebook takes down Trump’s post about the immunity of kids and coronavirus
Facebook took down a video President Trump posted to his account Wednesday, citing its rules against false claims about the coronavirus. The post in question was a video clip from a Fox News segment from Wednesday morning in which the president makes the unsubstantiated claim that children are “almost immune” to COVID-19
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Techcrunch
Google/Fitbit deal could face full EU investigation
Google’s Fitbit deal will undergo a full investigation from the European Union. Reuters reports that the EU will announce a full-scale investigation into the Google/Fitbit deal next week. In a statement reiterating its previous comments, a Google spokesperson said that the deal is about the devices, not the data, and how Fitbit will help Google better compete in the wearable space.
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9to5google
Tencent adds $200 billion this year, now bigger than Facebook
China’s gaming and social media giant Tencent is now more valuable than Facebook, Tencent’s market capitalization has surpassed Facebook’s following a huge rally in the Chinese firm’s shares this year. The total value of publicly traded shares of the Chinese gaming and social media giant that owns WeChat stood at $664.50 billion at around 3:07 p.m. Singapore time. Meanwhile, Facebook’s market cap totaled $656.15 billion as of Tuesday’s close
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CNBC
Facebook takes on Zoom
Facebook takes on Zoom
The new feature allows users to stream video calls made in Messenger Rooms on Facebook Live. Facebook users who create a Messenger Room will be able to stream a live broadcast of the call from their profile, a Facebook Page or a Facebook Group, allowing large audiences to watch in real time.
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Foxbusiness