1.9K likes. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider Operaetional Update: Facebook noted that daily active users (DAUs) averaged 1.79 billion in June, up 12% year over year. Facebook said on Wednesday that it was reviewing the complaints and would have "more to say soon.". Monthly active users (MAUs) were up 12% to 2… Basin proud. "Numerous reports have brought Facebook's long history of anti-competitive behavior to light. The coalition of attorneys general, led by New York Attorney General Letitia James, began an investigation into Facebook in September 2019, and the FTC subsequently joined. Facebook has dabbled in payments before. It took busted coverages from the Steelers … Giants news, 12/2: Playoff probabilities, full stadiums, more Let’s get to your Giants-releted headlines for Wednesday By Ed Valentine @Valentine_Ed Dec 2, 2020, 6:00am EST WCBD News 2. Zuckerberg, who deemed Instagram a "threat" to Facebook, reasoned that buying the photo-sharing app would be a way to "neutralize" its success. Rep. David Cicilline, who led the House investigation, said that Facebook's acquisitions of Instagram and WhatsApp were "classic monopoly behavior" and that he thought the company should be broken up. Sign up to 10 Things in Tech You Need to Know Today. The lawsuits are seeking a breakup of Instagram and WhatsApp from the social-media giant. Facebook was also part of a broad House Judiciary Committee antitrust investigation this year that looked into the tech giant's acquisitions of smaller companies. Connect with friends, family and other people you know. 2 Big Benefits of Facebook's New Payments Platform ... Facebook can more easily track users from an initial ad impression on News Feed, to engagement with a … In a coordinated attack following over a year of investigation, federal regulators and a coalition of nearly all state attorneys general filed a pair … The latest local news in Houston, Texas. Welcome! At an antitrust hearing in July, congressional lawmakers grilled Zuckerberg about what motivated the company to acquire Instagram and WhatsApp, popular platforms that would have been competitors had Facebook not purchased them. Facebook just got hit with two big antitrust lawsuits. 251K likes. Access to shopping data can be extremely valuable. Using Facebook Pay to track those sales could improve measurement across Facebook's family of apps. Subscriber Give us a call - (432) 563-4421 or email us - news@kmid.tv Diamond Capsa Banting adalah Game khas Indonesia dengan kartu 2 … Facebook Pay is just the first step for Facebook to increase commerce on its platform through reduced friction and better ad-targeting data. Facebook Pay represents a complete overhaul of payments, using a single platform for the service across the family of apps. In effect, it increases the value for merchants to establish a presence across its apps and spend more money on advertising. Both revolve around Facebook's acquisitions of the photo-sharing app Instagram and the encrypted messaging app WhatsApp. The suits call out Facebook's decisions to buy rather than compete with Instagram and WhatsApp, and they allege it imposed "anticompetitive conditions" on software developers. It should improve commerce on Facebook's family of apps in two ways: by decreasing the amount of friction between discovery and purchase and by providing better advertising data for marketers. Account active New Big2. Whatever your needs, there will be a freelancer to get it done: from web design, mobile app development, virtual assistants, product manufacturing, and … See you at the top! It could also enable businesses, using Messenger and WhatsApp to communicate with customers and potential customers, to increase their sales through those channels. as well as other partner offers and accept our, Visit Business Insider's homepage for more stories, Department of Justice lawsuit filed against Google in October. Your morning cheat sheet to get you caught up on what you need to know in tech. We are your go-to source for local news, weather and sports in the Permian Basin, powered by Big 2 News - KMID and Fox 24 News - KPEJ. The only states whose attorneys general have not signed on are Alabama, Georgia, South Carolina, and South Dakota. Both complaints seek a "divestiture of assets" for Facebook — that is, breaking off Instagram and WhatsApp from the social-media giant. Facebook and other big tech companies “have their fingers” in the 2020 presidential election, said Fox News contributor Dan Bongino on Monday. Amazon (NASDAQ:AMZN) has quickly built a $14 billion advertising business on the back of its shopper data. VOLCANO, Hawaii (KHON2) — Big Island police say two hunters found a very decomposed body a remote trail in the Kahaualea Natural Area Reserve in … The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. That's one of the draws of Amazon for advertisers: There's a direct link between ad clicks and sales. December 10, 2020, 2:37 PM. Diamond Games mempersembahkan Diamond Capsa Banting (new Big2) yang di kembangkan oleh K&T Studio. Create an account or log into Facebook. Additionally, Facebook could be required to get approval from the government before any mergers or acquisitions in the future. Join Facebook to connect with Big News and others you may know. Reuters | Saturday December 12, 2020 . View the profiles of people named Big News. by: John Barron. Cumulative Growth of a $10,000 Investment in Stock Advisor, 2 Big Benefits of Facebook's New Payments Platform @themotleyfool #stocks $FB $AMZN, peer-to-peer payments through WhatsApp in India, Instagram Just Beat TikTok to the Punch With This Update, Facebook Allegedly Crossed a Line in Buying Up the Competition, Social Dilemma: Why I'm Selling (Some of) My Alphabet and (All of) My Facebook Shares, Facebook Must Be Broken Up: Federal Trade Commission Files Antitrust Lawsuit, DOJ Alleges Facebook Discriminated Against U.S. Workers, Copyright, Trademark and Patent Information. If Facebook can effectively increase sales for businesses on its various apps with Facebook Pay, it doesn't need to worry about monetizing the service directly. Not only do purchase decisions give Facebook a better signal as to what its users are interested in, but purchase data also provides better feedback to marketers as to how well their advertisements work. Facebook Pay isn't just making transactions easier on it the tech giant's various platforms, it's also going to gain valuable data. Find 1 listings related to Big 2 News in Midland on YP.com. It will use that data to increase ad relevance across its apps. Get custom notifications on traffic, crime and events happening in your area. Choose freelancers. Stock Advisor launched in February of 2002. CBS7 News, Odessa, Texas. The lawsuit against Facebook is the second major piece of legal action this year aimed at big tech, following a Department of Justice lawsuit filed against Google in October. It’s faster, easier to use and gives your eyes a break with Dark Mode. Big 2 News - KMID. 6,836 talking about this. Emails from 2012 released as part of that investigation revealed Facebook CEO Mark Zuckerberg's thinking about acquiring Instagram at the time. Even if some new competitors springs up, buying Instagram, Path, Foursquare, etc now will give us a year or more to integrate their dynamics before anyone can get close to their scale again," Zuckerberg said in the email. If a user sets up Facebook Pay after they find an item with Instagram Checkout, for example, they may be more likely to complete a purchase through Facebook Marketplace by sending money through Messenger. Facebook Pay enables users to set up payment information in one of its apps, and use the same information across the family of apps to send money to friends or pay for goods and services. Facebook will collect "payment method, transaction date, billing, shipping and contact details," the company disclosed. Officials are closing in on establishing regulation in the tech world, a move that's become heavily politicized as Republicans and Democrats spar over Section 230 protections. Both acquisitions obtained regulatory approval at the time but have recently come under heavy scrutiny. "Years after the FTC cleared our acquisitions, the government now wants a do-over with no regard for the impact that precedent would have on the broader business community or the people who choose our products every day," Facebook said. 52K likes. Posted: Nov 14, 2020 / 07:00 PM EST / Updated: Nov 15, 2020 / 08:44 AM EST. Earlier this year, it introduced Instagram Checkout, which enables users to buy products on Instagram instead of redirecting consumers to a merchant's website.Â. The suits were filed on Wednesday by the Federal Trade Commission and 48 state attorneys general. Facebook Marketplace is increasingly popular, and Instagram is practically a shopping app now. See reviews, photos, directions, phone numbers and more for Big 2 News locations in Midland, TX. FILE - This March 29, 2018, file photo shows the Facebook logo on screens at the Nasdaq MarketSite, in New York's Times Square. Charleston 62 ... Big early Signing Day for South Carolina Sports. Follow the latest Facebook news, videos, and analysis from ABC News. I'm glad the FTC and state enforcers are taking action to stop Facebook's anti-competitive behavior," Klobuchar said in a statement. An example of the user flow in Messenger. Returns as of 12/15/2020. Big Tech Firms to Be Fined 6 Percent of Turnover if They Breach New EU Content Rules. The company's acquisitions of Instagram and WhatsApp have made the social media landscape less competitive and worse for users. The agency fined Facebook $5 billion in July 2019 over its handling of the Cambridge Analytica data breach. Let's conquer your financial goals together...faster. Facebook Bets Big on Future of N.Y.C., and Offices, With New Lease Despite the pandemic, the social media giant leased all the office space in the former main post office at Penn Station in … Breaking news and headlines from Houston on Click2Houston.com. Facebook Pay represents another way to reduce friction in the social shopping experience. Big US technology companies are exploiting loopholes in global tax rules to avoid paying as much as $2.8bn (£2.1bn) tax a year in developing countries, according to … Share photos and videos, send messages and get updates. Adam has been writing for The Motley Fool since 2012 covering consumer goods and technology companies. It offered the ability to send money to friends through Messenger in the U.S., and it's working on peer-to-peer payments through WhatsApp in India. Facebook obtained regulatory approval when it bought Instagram in 2012 and WhatsApp in 2014, but lawmakers have recently scrutinized the acquisitions. Facebook was hit on Wednesday with two big antitrust lawsuits, one from the Federal Trade Commission and one from 48 state attorneys general. Jackson completed just 46.4% of 28 attempts, took four sacks, threw 2 TDs, two INTs and fumbled twice. That should result in continued increases in average ad prices, which have been offset by a shift to Stories ads lately. Senator Amy Klobuchar, a member of the Subcommittee on Antitrust, Competition Policy and Consumer Rights, told Business Insider she was happy to see the FTC and attorneys general taking action against Facebook. Facebook is continually improving its measurement capabilities, but being able to close the loop from ad impression to purchase all within its ecosystem provides the most accurate measurement possible. A leading-edge research firm focused on digital transformation. Image source: Facebook. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Both lawsuits revolve around the company's acquisitions of Instagram in 2012 and WhatsApp in 2014. Market data powered by FactSet and Web Financial Group. Facebook can more easily track users from an initial ad impression on News Feed, to engagement with a business on Messenger, to purchasing the item through Instagram Checkout after seeing another ad -- or any permutation of interaction and payment across its apps. Facebook was hit on Wednesday with two big antitrust lawsuits, one from the Federal Trade Commission and one from 48 state attorneys general. This isn't the first time Facebook has faced off against the FTC. Big technology companies like Facebook should not have free reign to impose their will on the market, and they must be held accountable when they attempt to do so. 2,693,744 talking about this. Making it easier for users to buy stuff straight from Facebook or Instagram is a challenge Facebook is working to solve. He consumes copious cups of coffee, and he loves alliteration. Facebook (NASDAQ:FB) has made several new products focused on shopping over the last couple years. "One way of looking at this is that what we're really buying is time. Zuckerberg said he viewed Instagram as "a competitor and a complement to our services.". Now, Facebook is taking another step forward with the introduction of Facebook Pay. The Wall Street Journal was first to report the Unilever news. See news happening? He spends about as much time thinking about Facebook and Twitter's businesses as he does using their products. Big News: FTC And 48 State AGs Sue Facebook As Illegal Monopoly crooksandliars.com - Common Dreams. German regulators launch new Facebook investigation over VR. CBS7 News is your First Alert for news and weather in the Permian Basin and all of West Texas. since. This week we introduced the new Facebook.com. Welcome to the official Fox News Facebook page. Google, Facebook, and other Big … Please tell your friends and family to "like" us to get the updates and news you trust! We’ve grown since Facebook.com launched 16 years ago. The lawsuits allege that Facebook used a strategy of neutralizing competitors before they could threaten the company's dominance of the social-media market. We are committed to keeping you up to date, engaged and alert with local coverage from Midland-Odessa to Alpine and everywhere in between. Updated: Dec. 10, 2020 at 2:02 AM CST By Associated Press The father faces felony counts of murder and child abuse after the fatal stabbings of his 13-year-old son and 12-year-old daughter. Announced at F8 last year, it will now be the web experience for Facebook globally. Basin trusted. Have a news tip? Australia finalised plans on Tuesday to make Facebook Inc and Google pay its media outlets for news content, a world-first move aimed at protecting independent journalism that … Even as Facebook has managed to increase total ad impressions, even in News Feed, increasing the value of its ads is still its best path for long-term revenue growth. Attorneys general from 46 states as well as Washington, DC, and Guam have signed on to the lawsuit. As Facebook integrates its family of apps more closely with a unified messaging backend, measurement will continue to improve. , family and other people you know ve grown since Facebook.com launched years... 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