Facebook to settle Trump lawsuit over banned account for $25 million
Meta Platforms, the parent company of the social network, will commit $22 million to the build-out of Trump’s presidential library.
Facebook ($FB) is an international social media service. As part of its business, the company operates Facebook, Instagram and WhatsApp among other consumer and business services. Facebook is based in Menlo Park, California.
WARC: Facebook ad revenue set to hit $100 billion in 2024
Facebook is on track to generate $100 billion in advertising revenue from its social media platform this year.
Bluesky is convincing users to ditch X (Twitter) and Threads
The service that puts users in control of their social experience has grown to 20 million accounts. Now, it has to figure out how to keep the lights on.
Pew: Americans turn to social media influencers for news
Twenty percent of Americans regularly turn to social media influencers for their news content on a regular basis, according to Pew Research.
Fox News Digital leads with multiplatform views in Q3
Fox News Digital outperformed the digital platforms of CNN and the New York Times with total multiplatform views during Q3, according to Comscore data.
Facebook parent Meta bans RT from social platforms
The social media company said it decided to ban RT and related news outlets globally “after careful consideration.”
LinkedIn suffers outage one day after Facebook glitch
LinkedIn, the Microsoft-owned social media platform favored by C-suite executives and jobseekers alike, suffered from a prolonged outage on Wednesday.
Facebook bug automatically logging out some users
The issue, since resolved, also kicked people out of Threads and Instagram on Tuesday.
Meta to pull Facebook News tab in U.S., Australia this year
The move, coming in April, continues amid a demand from publishers that large technology firms pay for the privilege of distributing news content.
California bill to charge Facebook, Google for news on hold
A California lawmaker has put on hold a bill that would allow news publishers to charge Facebook and Google for linking to their content.
Twitter threatens to sue Instagram parent over Threads app
Twitter is concerned that Threads, powered by Instagram, could further erode its business in the era of Elon Musk.
Canadian government, media firms pull Facebook advertising
The Canadian government and one of the country’s biggest telecoms have stopped ad spending on Facebook and Instagram.