facebook Facebook Admits Paying Contractors to Transcribe User Audio Chats Facebook confirms it pays outside contractors to transcribe audio clips from Messenger users to test its AI, but now pauses the practice following industry backlash.
facebook Court Clears Path for Billion-Dollar Facial Recognition Lawsuit Against Facebook A federal appeals court allows a massive class action lawsuit against Facebook to proceed over illegal biometric data collection. The ruling declares that creating face templates without consent violates user privacy.
facebook Appeals Court Allows Illinois Users to Sue Facebook Over Facial Recognition A federal appeals court rules that Facebook users in Illinois can move forward with a class-action lawsuit against the company over its facial recognition technology. The decision marks the first time a U.S. appellate court directly addresses the privacy risks of face surveillance.
instagram Instagram Bans Partner Hyp3r for Secretly Tracking Millions of User Locations Instagram removes marketing partner Hyp3r after the company secretly collects location data and ephemeral stories from millions of users. The social network makes a product change to prevent similar scraping in the future.
facebook Facebook Sues Developers Over Malicious Ad Click Fraud Scheme Facebook takes legal action against two app developers for using malware to generate fake ad clicks and steal advertising revenue. The tech giant refunds affected advertisers while Google bans the offending apps from its Play Store.
tech stocks Tech Stocks Plummet as China Retaliates in Ongoing Trade War U.S. tech stocks lose a combined $162 billion in market value as China halts agricultural imports and weakens the yuan. Investors fear upcoming tariffs will severely impact hardware sales for major tech companies.
google Smaller Tech Firms Chip Away at Google and Facebook Ad Dominance Google and Facebook continue to lead the digital advertising market, but smaller competitors like Snap, Amazon, and Twitter are growing at a much faster rate.
facebook Senators Reject Facebook's Libra Cryptocurrency Plans Over Trust Issues Lawmakers from both parties strongly oppose Facebook's proposed Libra digital currency, citing the company's history of data scandals and lack of trust. David Marcus faces tough questioning as he promises not to launch until regulators approve.
facebook Senators Grill Facebook Over Cryptocurrency Plans in Heated Hearing Lawmakers from both parties express deep distrust as Facebook faces tough questions about its proposed Libra cryptocurrency and its ability to protect financial data.
twitter Twitter Reports Strong Q2 Revenue Growth Driven by Video Advertising Twitter beats analyst expectations for Q2 with $841 million in revenue and introduces a new monetizable daily active user metric. Ad revenue sees a significant boost as video formats continue to gain traction.
tech stocks Major Tech Giants Defy Regulatory Fears With Strong Revenue Growth Despite ongoing discussions about a tech-lash, top technology companies report impressive revenue growth that far outpaces the overall U.S. economy. Investors continue to reward these strong core businesses with significant stock market gains.
facebook Facebook Executive Faces Skeptical Senate Panel Over Libra Cryptocurrency Plans Facebook's David Marcus testifies before the Senate as lawmakers express deep concerns over the social network's proposed Libra digital currency. Regulators warn that the company must address serious financial and privacy risks before moving forward.
facebook Facebook Agrees to Record $5 Billion FTC Settlement Over Privacy Violations Facebook faces a historic $5 billion penalty and strict new corporate oversight to settle FTC charges regarding user privacy deception. The record-breaking fine forces the social network to restructure its privacy practices across all its platforms.
facebook Facebook Stock Rises Despite Record $5 Billion FTC Fine Facebook beats Q2 earnings expectations with $16.9 billion in revenue just hours after agreeing to a historic $5 billion FTC penalty. However, the company faces fresh antitrust investigations from both the FTC and the Department of Justice.
facebook Facebook Beats Earnings Expectations Despite Record $5 Billion FTC Fine Facebook reports strong second-quarter revenue growth and rising user numbers, easily beating Wall Street forecasts even after absorbing a massive $2 billion legal expense from its FTC settlement.