Category: fox-business/technology/social-media

Musk looks to end Twitter lawsuit, suggests late disclosure was a mistake

Billionaire Elon Musk is looking to dismiss a lawsuit brought by former Twitter shareholders who said he took too long to reveal his ownership stake in the social media company before he moved to buy Twitter and take the company private. Musk told a Manhattan federal court in a filing late Wednesday that “all indications” show his delay in making the disclosure, which was required…

Federal lawsuit against TikTok to focus on children’s privacy: report

The Department of Justice (DOJ) is planning to focus an upcoming lawsuit against TikTok on allegations that the company violated the privacy rights of children, according to a new report. The DOJ’s lawsuit will focus on children’s privacy rights rather than claims the social media platform misled adult users about data privacy practices, Reuters reported. The news comes after the Federal Trade Commission (FTC) announced…

FTC refers complaint against TikTok to Justice Department over child privacy violations

The Federal Trade Commission (FTC) announced Tuesday that it has referred a complaint against TikTok and parent company ByteDance to the Justice Department over an investigation into alleged violations of a law intended to protect children’s privacy online. The FTC explained that it was investigating TikTok and ByteDance as part of a compliance review into Musical.ly, which was acquired by TikTok and had been subject…

Ex-Meta employee sues for wrongful termination over handling of pro-Palestinian content

An ex-Meta engineer has sued the company for wrongful termination and claimed he was discriminated against for his Palestinian-American heritage and Muslim faith. In a complaint filed Tuesday in California state court in Santa Clara, Ferras Hamad states he was employed as a software engineer for Meta. His duties included assessing the quality of Instagram integrity filters related to Gaza, Israel and Ukraine, according to…

Looking for love on LinkedIn? Data points to new trend

Single adults in the U.S. are scoring more dates on networking platforms like LinkedIn and Facebook than through dedicated dating apps, recent data shows. A survey conducted by DatingNews.com this year found that more than half of the 20- to 40-year-old respondents – 52% – reported meeting people for dating on networking and other social media sites, making it the most popular method of finding…

RFK Jr. sues Meta over film, super PAC alleges ‘collusion’ with gov’t to censor third-party hopeful

Presidential candidate Robert F. Kennedy Jr. and American Values 2024, a political action committee supporting his campaign, filed a First Amendment and election interference lawsuit against Meta on Monday, arguing that the tech giant censored his biographical film, “Who Is Bobby Kennedy?”  Kennedy’s campaign team announced its intention to sue Meta last week, just days after the pact released the 30-minute biographical film, narrated by…

Former President Trump nets extra $1.8 billion of stock in his media company

Former President Donald Trump has netted another $1.8 billion worth of stock in his newly public company, Trump Media & Technology Group (TMTG), whose main asset is the social media platform Truth Social. The company awarded the Republican presidential candidate an “earnout” bonus of 36 million additional shares for the stock staying above $17.50 a share for any 20 trading days within a 30-trading day period, according…

TikTok’s China-based parent required to sell platform or be banned in US

The Senate passed a bill Tuesday to force TikTok’s China-based parent company, ByteDance, to sell the video sharing social media platform or face a ban in the U.S., as lawmakers accuse the platform of collecting user data and spreading propaganda. The TikTok legislation was part of a larger $95 billion package to provide foreign aid to Ukraine, Israel and Taiwan that passed the Upper Chamber…

X platform’s brand safety score for advertisers hurt by error

Social media platform X, formerly Twitter, is looking to set the record straight after its brand safety score on a key platform used by major media advertisers displayed an inaccurate rating for four and a half months. X’s brand safety score on DoubleVerify, one of the leading sources for media holding companies to check the safety and suitability of a given platform for advertising campaigns,…

Trump to be deposed in dispute with media company co-founders

Republican presidential candidate Donald Trump is scheduled to be deposed later this month by lawyers for co-founders of his social media company as part of a dispute over ownership in Trump Media & Technology Group, which went public last week. A notice filed with Delaware’s Court of Chancery, where the co-founders sued Trump Media, said the deposition is scheduled for April 15 at 10 am…

Woman asks if makeup matters after she was turned down for job for not ‘putting enough effort’ into appearance

A New York-based millennial on TikTok asked her followers if not wearing makeup hurt female job seekers in a recent video that drew thousands of comments. Melissa Weaver, a former recruiter, shared her recent interview experience getting turned down for a top-tier role in HR at a tech company despite being well qualified for the role. “The interview went so well. Every question she asked…

‘Quit-Tok’ goes viral among younger workers as job experts caution against public pronouncements

The trend of quiet quitting once was very big.  Now, there’s been a shift, as unhappy workers are cutting ties with their employers in vocal, public and attention-getting ways. The trend is called “Quit-Tok.”  Today’s “loud quitting on social media” practice — blending quitting a job plus doing so on the TikTok platform or sharing it there with others — has been growing in popularity…

Facebook let Netflix peek into user DMs, explosive court docs claim

The social media giant Meta allegedly allowed Netflix to access Facebook users’ direct messages for nearly a decade, breaking anti-competitive activities and privacy rules, explosive court documents claim. The court documents, which were unsealed last week, are part of a major anti-trust lawsuit filed by U.S. citizens Maximilian Klein and Sarah Grabert, who claim Netflix and Facebook “enjoyed a special relationship” so that Netflix could better tailor its ads…

Trump’s Truth Social lost $58 million in 2023, and the stock is taking a hit

Shares of Trump Media & Technology Group (TMTG) plummeted by more than 23% on Monday after the parent company of former President Trump’s Truth Social platform reported it lost nearly $60 million last year. TMTG, which trades on the Nasdaq under the symbol “DJT,” reported it brought in $4.1 million in revenue in 2023 but had an operating loss of more than $58 million. The…

Truth Social on verge of stock market approval, potentially netting Trump billions

Former President Trump will find out Friday if his social media platform Truth Social will be green-lighted to be traded on the Nasdaq stock market. A vote will take place on whether Trump’s media company, Trump Media & Technology Group, which operates his Truth Social site, can merge with Digital World Acquisition Corp, a publicly traded shell company. If the deal is approved, Trump Media &…