The United States withdrew its opposition to the idea of global rules on taxing digital giants like Google, Amazon and Facebook at a meeting of finance ministers and central bankers of the world's top 20 economies on Friday, a G20 official said.
Bots on major social media platforms have been hyping up GameStop and other "meme" stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy.
Match Group (NASDAQ: MTCH) recently announced plans to acquire South Korean social media company Hyperconnect for $1.73 billion. By expanding outside its core online dating market, Match is pushing further into "social discovery," where people can find friends and people with sim
The special purpose acquisition company, or SPAC, came into its own in 2020. The so-called "blank-check company" exists with the sole purpose of conducting an initial public offering (IPO). It then uses the funds raised from the IPO to acquire another business. Last year, the amo
It was supposed to be a milestone week for Australian Prime Minister Scott Morrison that began with the nation's first COVID-19 vaccinations and ended in the country becoming the first to force Silicon Valley giants to pay for news content.
Myanmar police launched a crackdown overnight in a Yangon district after breaking up a protest to oppose a military appointed local official, as the World Bank halted payments to projects in the country that were made after the Feb. 1 coup.
Facebook Inc on Friday said it had signed letters of intent with three Australian media firms, a day after the country's Parliament passed a law forcing it to pay media companies for using content on its platform.
Wall Street's main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields.
It was a volatile session for stocks today, after a dramatic surge in bond yields scared investors away following yesterday's wild rally. The Dow fell nearly 560 points, just a day after notching a record close. The S&P 500 also registered substantial losses, while the Nasd
Facebook Inc on Friday said it had signed letters of intent with three Australian media firms, a day after the country's Parliament passed a law forcing Facebook to pay media companies for content on their platforms.
Wall Street's main indexes ended sharply lower on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields.
Wall Street's main indexes dropped on Thursday, with the Nasdaq on track for its worst day in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields.
Wall Street's main indexes fell on Thursday, with the Nasdaq slipping about 2.5%, as technology-related stocks remained under pressure following a rise in U.S. bond yields.
The explosive growth of Clubhouse, an audio-based social network buoyed by appearances from tech celebrities like Elon Musk and Mark Zuckerberg, has drawn scrutiny over how the app will handle problematic content, from hate speech to harassment and misinformation.
Wall Street's main indexes edged lower on Thursday as heavyweight technology-related stocks remained under pressure with a rise in U.S. Treasury yields, while data showed weekly jobless claims fell more than expected.
(RTTNews) - The Australian government has passed the newly amended Media Bargaining Code in the parliament which requires technology giants Facebook and Google to pay for local Australian news content that is shared on their platforms.Nick Clegg, Facebook VP of Global Affairs, wr
The Nasdaq and S&P 500 indexes were set to open lower on Thursday as heavyweight technology-related stocks remained under pressure with a rise in U.S. Treasury yields, while data showed weekly jobless claims fell more than expected.