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Kimberly Redmond | Equities.com |

Facebook Inc (Nasdaq: FB) will soon restore news pages in Australia after government officials agreed to change some of the terms within the country’s proposed new media code.

The compromise announced Tuesday by Australian treasurer Josh Frydenberg will still require Facebook and Alphabet Inc’s (Nasdaq: GOOGL) Google to compensate media companies for stories but will also provide more time for the social media platforms to negotiate with media companies over payment.


Kimberly Redmond | Equities.com |

In a surprise move Wednesday, Facebook Inc (Nasdaq: FB) blocked its Australian users from sharing news stories on the social media platform, escalating a dispute with the government over whether or not tech giants should be required to pay news publishers for content.

Australian news publishers will no longer be able to share stories on the social media site and international news will not be visible or shareable by local Facebook users. Overseas Facebook users also will not be able to read or share Australian content.


Kimberly Redmond | Equities.com |

Instagram removed the account of prominent anti-vaccine activist Robert F. Kennedy, Jr. on Wednesday “for repeatedly sharing debunked claims about the coronavirus or vaccines,” a violation of the photo-sharing platform's content policies, according to reports.

Facebook Inc (Nasdaq: FB), Instagram’s parent company, declined to say which specific posts prompted him to be banned, The Wall Street Journal reported, but there is no shortage of candidates.


Reuters | Equities.com |

Twitter Inc on Tuesday beat Wall Street targets for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds from a rock bottom.

The solid beat, aided by ad product improvements, convinced investors to overlook a dull forecast for user growth, which Twitter expect to slow down to low double digits this year as a boost from the pandemic fizzles.

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Kimberly Redmond | Equities.com |

Social media platforms took steps during the second half of 2020 towards addressing misinformation related to the U.S. presidential election and COVID-19, but a new study says more must be done.

An audit conducted by advertising agency IPG Mediabrands examined how well the top nine social media platforms in the world adhered to media responsibility standards, including protecting children’s wellbeing, giving more transparency to advertisers, policy enforcement and user c...


Reuters | Equities.com |

China’s Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to permit sales of its stock in the cinema operator, a target of the recent WallStreetBets retail frenzy, AMC said in an exchange filing.

Wanda America Entertainment Inc, a Wanda unit, converted its Class B common stock in AMC to Class A shares on Feb. 1 “in order to permit sales of its common stock,” AMC said in the filing to the United States Securities and Exchange Commission on Feb 5.


AP News | Equities.com |

Myanmar’s new military government blocked access to Facebook as resistance to Monday’s coup surged amid calls for civil disobedience to protest the ousting of the elected government and its leader, Aung San Suu Kyi.

Facebook is especially popular in Myanmar and is how most people access the internet.

The military seized power shortly before a new session of Parliament was to convene on Monday and detained Suu Kyi and other ...


Kimberly Redmond | Equities.com |

After expressing concern over the power of social media companies, United Nations Secretary-General António Guterres is calling for global rules to regulate platforms such as Facebook and Twitter.

During a press conference Thursday at United Nations headquarters in New York, Guterres said he believes social media companies should not have the authority to determine what content is considered inappropriate.


Kimberly Redmond | Equities.com |

In its first set of decisions, Facebook’s oversight board directed the social media company to restore several posts taken down for breaking its rules on hate speech, COVID-19 misinformation and nudity.

On Thursday, the independent board overruled Facebook in four of the five cases and gave the company seven days to put the posts back online.


Reuters | Equities.com |

By Tracy Rucinski, Sanjana Shivdas

(Reuters) - Shares in American Airlines Group Inc AAL.O surged as much as 60% in premarket trading after it was mentioned on Reddit's WallStreetBets forum and it posted a slimmer-than-expected quarterly loss on Thursday.

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