Bezos, Musk Top Forbes’ Record – Setting Billionaire List

Forbes’ annual world’s billionaires list includes a record – breaking 2,755 billionaires, with Amazon.com Inc. founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the ultra – wealthy are expanding after a year in which the coronavirus pandemic upended world economies and threatened the livelihoods of people … More Bezos, Musk Top Forbes’ Record – Setting Billionaire List

Facebook Freezes Venezuela President Maduro’s Page Over COVID-19 Misinformation

Facebook has frozen Venezuelan President Nicolas Maduro’s page for violating policies against spreading misinformation about COVID-19 by promoting a remedy he claims, without evidence, can cure the disease, a company spokesman said on Saturday. Maduro in January described Carvativir, an oral solution derived from thyme, as a ‘miracle’ medication that neutralizes the coronavirus with no side effects, … More Facebook Freezes Venezuela President Maduro’s Page Over COVID-19 Misinformation

Facebook Building Smartwatch With Health Features – The Information

Facebook Inc is building a smartwatch that will let users send messages and also offer health and fitness features, The Information reported on Friday, citing people with direct knowledge of the device. The social giant plant to start selling the device next year, according to the report, a move that would mark its entry into … More Facebook Building Smartwatch With Health Features – The Information

SOCIAL MEDIA | Facebook Drops ‘Likes’ Button From Public Pages

MILAN – – Facebook Inc has dropped the ‘likes’ button from its redesigned public pages used by artists, public figures and brands, the social media company said on Wednesday. Facebook Pages will only show followers and have a dedicated News Feed where users can join conversations, interact with peers and engage with fans, the company … More SOCIAL MEDIA | Facebook Drops ‘Likes’ Button From Public Pages

BUSINESS | U.S States Plan To Sue Facebook Next Week: Sources

WASHINGTON – A group of U.S. states led by New York is investigating Facebook Inc. for possible antitrust  violations and plans to fill a lawsuit against the social media giant next week, four sources familiar with the matter said on Wednesday. The complaint would be the second major lawsuit filed against a Big Tech company … More BUSINESS | U.S States Plan To Sue Facebook Next Week: Sources

BUSINESS | Facebook Cryptocurrency Libra To Launch As Early As January But Scaled Back

MILAN – – Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project. The Geneva – based Libra Association that will issue and govern Libras plans to launch a single digital coin backed by the dollar, the FT said, citing … More BUSINESS | Facebook Cryptocurrency Libra To Launch As Early As January But Scaled Back

NEWS ALERT | Twitter, Facebook Face Labeling Test On Trump’s Election Posts

MILAN – – Facebook and Twitter flagged some of President Donald Trump’s posts on the U.S. election as votes were still being counted, in a real-time test of their rules on handling misinformation and premature claims of victory. The two companies have been under fierce scrutiny over they police rapidly spreading false information and election-related … More NEWS ALERT | Twitter, Facebook Face Labeling Test On Trump’s Election Posts

SOCIAL MEDIA | Instagram Agrees Curbs On Paid Influencers, Says U.K. Watchdog

LONDON – Facebook’s Instagram has agreed measures to crack down on hidden advertising by so-called influencers on its photo and video platform, Britain’s Competition and Markets Authority (CMA) said on Friday. Influencers with thousands of followers can earn large fees from companies to promotes a product on Instagram. In what the CMA described as an … More SOCIAL MEDIA | Instagram Agrees Curbs On Paid Influencers, Says U.K. Watchdog

NEWS ALERT | Facebook, Twitter Take Action Against Misleading Trump Comparison Of COVID-19 To Flue

MILAN – Facebook Inc and Twitter took action on post from U.S. President Donald Trump on Tuesday for violating their rules against coronavirus misinformation by suggesting the COVID-19 was just like flu. Facebook took the post down but not before it was shared about 26,000 times, data from the company’s metric tool CrowdTangle showed. ‘We … More NEWS ALERT | Facebook, Twitter Take Action Against Misleading Trump Comparison Of COVID-19 To Flue

SOCIAL MEDIA | Facebook Removes Small Pro-Trump Network Based In Romania

BUCHAREST | ROMANIA – Facebook Inc said on Thursday it recently removed a small network of accounts operating from Romania that had been promoting President Donald Trump’s re-election campaign with stories about his support from conservatives, Black Americans, Christians and followers of the QAnon web of baseless conspiracy theories. Many of the 35 Facebook and … More SOCIAL MEDIA | Facebook Removes Small Pro-Trump Network Based In Romania