Business Insider reports:
Facebook executives knew for years its “potential reach” advertising metric was inflated and overruled an employee warning to adjust it to avoid a revenue hit, plaintiffs of a lawsuit against the social media giant argued in an unredacted court filing. Gizmodo writes:
In a nutshell, this class action suit, which was first filed back in 2018, alleges that Facebook massaged…
Tag: advertising
Silicon Valley-backed Groups Sue Maryland To Kill Country’s First-Ever Online Advertising Tax
Top lobbying groups backed by Amazon, Facebook, Google and other technology giants sued Maryland on Thursday, seeking to scuttle a new state tax on their massive online-advertising revenue — and stop other local governments from following its lead. From a report: The legal challenge contends that Maryland’s first-in-the-nation tax is unfair, unconstitutional and incompatible with federal laws that prohibit state policymakers…
Facebook Blocks All News In and From Australia
Facebook said Wednesday that it would no longer allow Australian publishers to share news on Facebook or allow Australian people to view or share international news sources. From a report: The change comes as Australia prepares to pass a law that would require companies like Facebook and Google to pay news publishers to carry their stories. “The proposed law fundamentally misunderstands…
Microsoft Urges America to Force Google and Facebook to Pay for News
“Microsoft has said the USA should copy Australia’s plan to force Google and Facebook to pay for links to news content,” reports The Register, “and suggested that doing so will help improve social cohesion and strengthen democracy.” But Google has fired back with a statement asserting that Microsoft’s motives are impure. “Of course they’d be eager to impose an unworkable levy…
Facebook Sued for ‘Losing Control’ of Users’ Data
Facebook is being sued for “losing control” of the data of about a million users in England and Wales. From a report: The alleged failings were revealed in the Cambridge Analytica scandal, where harvested data was used for advertising during elections. Journalist Peter Jukes, leading the action, claims his data was compromised. Facebook told BBC News there was “no evidence” UK…
Developer Exposes Multiple Scam Apps on the App Store, Some Bringing in Millions of Dollars in Revenue
Over the past several weeks, developer Kosta Eleftheriou has been highlighting many apparent scam applications on the App Store. The formula for each scam application is virtually identical, and it centers on fake reviews and ratings paired with a deceptive weekly subscription. From a report: Eleftheriou is the developer behind FlickType, a popular Apple Watch keyboard application that brings gesture typing…
Facebook Says It Plans To Remove Posts With False Vaccine Claims.
Facebook said on Monday that it plans to remove posts with erroneous claims about vaccines from across its platform, including taking down assertions that vaccines cause autism or that it is safer for people to contract Covid-19 than to receive the vaccinations. From a report: The social network has increasingly changed its content policies over the past year as the coronavirus…
Twitter Considers Subscription Fee for Tweetdeck, Unique Content
Twitter is building a subscription product as a way to ease its dependence on advertising — a plan the social network has considered for years, and one that has taken on a heightened priority given the pandemic and pressure from activist investors to accelerate growth. From a report: The majority of Twitter’s revenue comes from targeted advertising, which serves up promoted…
They Stormed the Capitol. Their Apps Tracked Them
In 2019 two New York Times opinion writers obtained cellphone app data “containing the precise locations of more than 12 million individual smartphones for several months in 2016 and 2017.” (It’s data that they say is “supposed to be anonymous, but it isn’t. We found celebrities, Pentagon officials and average Americans.”) Now they’ve obtained a remarkable new trove of data, “this…
Ex-Googler Turns Virtual Gifts Into a $61 Billion Business
An anonymous reader quotes a report from Bloomberg: In China’s popular online-streaming industry, virtual gift-giving is big. You can send your favorite live performer anything from a rose for 5 yuan (80 cents) to a space rocket for 500 yuan. The present is just a symbol, but the money is real — and that’s what’s made Kuaishou Technology so successful. […]…