US consumer spending increased for the second consecutive month in June, setting consumption for a rebound in the third quarter, although the recovery could be limited by a resurgence in the Covid-19 cases and the end of expanded unemployment benefits. The Commerce Department said on Friday that consumer spending, which …
Read More »Australia to force Google and Facebook to pay news publishers
Facebook and Google logos Peter Foley / Bloomberg | fake pictures Google and Facebook may be forced to pay Australian news publishers to distribute their content, in a landmark regulatory move by the country’s competition regulator. Australia’s Competition and Consumer Commission was tasked with the government earlier this year to …
Read More »Facebook says Apple’s iOS 14 changes could harm its advertising targeting
David Wehner, Facebook’s chief financial officer. Harriet Taylor | CNBC Facebook’s chief financial officer David Wehner said Thursday that upcoming changes to Apple’s iOS 14 operating system could harm the social network’s ability to target ads to users. By updating their mobile devices, Apple will ask users if they want …
Read More »‘no end in sight’ to work from home
Facebook founder and CEO Mark Zuckerberg speaks during the 56th Munich Security Conference in Munich, southern Germany, on February 15, 2020. Christof Stache | AFP | fake pictures Facebook CEO Mark Zuckerberg said Thursday that there is no timetable for when employees will return to the company’s offices amid a …
Read More »Facebook smashes revenue estimates amid pandemic, predicts ad growth
(Reuters) – Facebook Inc (FB.O) beat analyst estimates for quarterly revenue on Thursday as companies used their digital advertising tools to take advantage of a surge in online traffic during the coronavirus pandemic, even as they cut marketing budgets elsewhere. FILE PHOTO: A 3D printed Facebook logo seen on a …
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