US DoJ, plus eight US states, sue Alphabet's Google for its dominance in online advertising market, amid calls for it to be broken up
TECHNOLOGY POWERING BUSINESS
News Advertising
Twitter Plans More Staff Layoffs – Report
Weeks after Elon Musk tells Twitter staff there will be no further layoffs, comes report of more redundancies
Twitter Revenue Down 40 Percent, As 500 Advertisers Pause Spending
Report that more than 500 advertisers have paused spending with Twitter, and it's daily revenue is 40 percent down from a year ago
YouTube Tests Free Ad-Supported Streaming Channels
Alphabet's YouTube is reportedly testing free ad-supported TV channels to challenge the likes of Roku and others
Twitter Offers Free Adverts To Major Brands – Report
Elon Musk's plan to turn around collapse in Twitter ad revenues reportedly sees platform offering free ads to existing advertising brands
Meta Blow As Irish Watchdog Confirms Hefty Fine
Facebook parent Meta may be prohibited from using personal data for advertising, after EU ruling and Irish fine
Twitter Eases Political Ad Restrictions Amid Falling Revenue
Free speech or needing the money? Elon Musk overturns Jack Dorsey's 2019 ban on all political advertising on the platform
Apple, Amazon ‘Resume’ Twitter Advertising
Apple has 'fully resumed' advertising on Twitter, according to Elon Musk, while Amazon reported to be boosting ad campaigns after lull
Elon Musk Backtracks Over Apple Bust Up
Chief twit tweets 'misunderstanding' about Apple potentially removing Twitter from App Store has been “resolved” after meeting Tim Cook
Elon Musk: Apple Threatening To Remove Twitter From App Store
Musk reveals Apple has halted most of its advertising on Twitter and is allegedly threatening to pull the platform from its app store
Elon Musk Demands Twitter Staff Agree To Long Hours In ‘Hardcore’ Email
Twitter staff ordered in Musk ultimatum email to choose to work “long hours at high intensity” or leave. They have until Thursday to decide
FTC Closely Watching Developments At Twitter, As More Resign
Elon Musk raises possibility of bankruptcy at Twitter, as entire privacy and compliance team resigns prompting FTC warning
Twitter Advertising Exec Resigns After Musk Takeover
Chief Commercial Officer at Twitter, Sarah Personette, confirms she resigned last Friday after Elon Musk takeover
Elon Musk Owns Twitter, Pledges It Won’t Become ‘Free-for-all Hellscape’
CEO Parag Agrawal and finance chief Ned Segal escorted out of Twitter HQ, after Elon Musk concludes acrimonious acquisition and gains control
Meta Shares Plummet Over Costs, Weak Forecast
Investors take fright as Meta's revenues fall for second straight quarter, and warns of more costs ahead, forecasts weak holiday quarter
Alphabet To Cut Hiring By Half, As YouTube Declines
Second bellwether for tech sector posts its financials – Alphabet reveals disappointing ad sales, sparking fears for digital media sector
Netflix Advert-Supported Plan To Arrive November
Lower priced ad-supported subscription plan set to arrive in November, to operate alongside existing ad-free plans
EU Broadens Google Adtech Probe With Portugal Case
European Commission broadens probe into Google advertising technology by taking over Portuguese investigation into same issue
Snap To Axe 20 Percent Of Staff – Report
Bad news on the tech jobs front. Over 1,000 employees at Snapchat parent Snap are reportedly to be handed their P45s today
Tesla Allowed To Continue Autonomous Driving Advertising In Germany
German court allows Tesla to continue referring to autonomous driving capabilities in its advertising, after industry body complaint
Snapchat Hits 1 Million Paid Users Amidst Weak Ad Market
Snapchat parent Snap says paid subscription service reaches 1 million subscribers as weak ad market prompts search for alternate revenue sources
Information Commissioner To Investigate Targeted Gambling Ads
Information Commissioner's Office examines complaint alleging gambling industry makes use of profiles to target gambling addicts
Deezer ‘Set For German Expansion’ After IPO Slump
Deezer to use funds from July IPO in Paris to expand into Germany in partnership with RTL as it seeks to replicate success in France and Brazil
Instagram Rolls Back Changes After Celebrity Criticism
Instagram temporarily rolls back shift to full-screen videos and recommended content after celebrities complain, as parent Meta faces intense pressure
Alphabet Misses Earnings Forecast, But Pleases With Strong Ad Performance
Narrow miss on quarterly results gives hope Alphabet is in a decent position to weather the economic slowdown impacting others
Meta Posts First Ever Revenue Decline, Amid Intense Pressures
CEO Mark Zuckerberg warns the economic downturn has arrived, as Meta misses earnings forecast and predicts another decline
Snapchat Parent Shares Slump On Advertising Fears
Snapchat parent Snap sees shares plummet after reporting slowdown in ad revenue growth, as Google, Meta and other social media companies take hit
Meta Revamps Facebook Content Feed
Facebook 'Home' revamped to promote discovery of new content, whereas 'Feeds' tab will mostly feature posts from friends and family
Netflix Partners Microsoft For Cheaper Subscription Plan…With Adverts
Streaming giant Netflix has partnered up with Microsoft for a cheaper consumer subscription plan, that will feature adverts
Google Offers To Spin-Off Ad-Tech Unit – Report
Alphabet unit previously labelled the DoJ antitrust lawsuit 'deeply flawed', but now it is reportedly offering concessions