Saturday, September 26, 2026
Saturday, September 26, 2026

Facebook's digital ad revenue just keeps rolling in despite antitrust threat

It sounds like a broken record, but Facebook Inc. continues to do just that: Break revenue records. Despite federal regulators breathing down its neck about its business practices, threats of ad boycotts from parties aggrieved by its privacy policies and a pandemic, the social-networking juggernaut is expected to post another jaw-dropping quarterly result on Wednesday. Facebook FB, +1.55% is firing on all cylinders because of — what else? — dominance in the digital ad market, which is expected to show growth as the pandemic slows down. Facebook and Google parent Alphabet Inc. GOOGL, +2.10% GOOG, +2.09% will “benefit most from the reopening (from a user and advertiser perspective),” Evercore ISI analyst Mark Mahaney said in an April 15 note. At the same time, Facebook increasingly has diversified its revenue mix, adding sales of Oculus VR headsets and Portal video-chatting devices. Non-advertising revenue soared 156% to $885 million in the fiscal fourth quarter. It doesn’t end there: On Monday, Facebook announced new audio products to compete with Clubhouse and podcasts,  » Read More

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Facebook fundraisers may be taxed. One do-gooder got a 'huge shock' after a $16000 tax bill

CLOSE Crowdfunding has become an increasingly popular way for businesses to raise money and determine demand. But did you know there's more than just GoFundMe? So you want to hold a fundraiser on Facebook? Don't forget to read the fine print.Louis Goffinet, a Connecticut middle school teacher who began a fundraiser on Facebook last year to help buy groceries for families in need as the COVID-19 pandemic started to spread, learned that the hard way. What began by asking a few Facebook friends for $200 in donations quickly went viral. Goffinet eventually raised more than $41,000 to purchase and deliver groceries for more than 100 families in his hometown of Mansfield Center, Connecticut, as well as help pay rent and buy gas. He was hailed as a hero for putting together not one, but two fundraisers where he spent days, nights and weekends helping others. Then, Goffinet got a huge surprise in January: The Internal Revenue Service sent him a letter with a 1099-K form saying what he'd raised is taxable as income.  » Read More

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Youngstown man to serve federal prison sentence after he poses with guns on Facebook

The photos were discovered during an investigation of vandalism of a Youngstown police cruiser during protests last year by: Joe Gorman Posted: Apr 22, 2021 / 01:38 PM EDT / Updated: Apr 22, 2021 / 01:47 PM EDT Photos of a man identified as Ronald Green in federal court documents which were posted on social media. YOUNGSTOWN, Ohio (WKBN) — The suspect in the vandalism of a city police cruiser during protests against police brutality last year is on his way to federal prison on a gun charge even though he was never found with a gun. Instead, federal agents June 30 who served a search warrant at the South Bruce Street home of Ronald Green, 24, found several types of ammunition and shell casings inside the bullet-pocked home that an affidavit said was damaged from gunfire from the inside, not the outside. Green is not allowed to have a gun or ammunition or be around a gun or ammunition because of a 2015 felony burglary conviction in Texas.  » Read More

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Facebook says it halts hackers tied to Palestinian security

JERUSALEM (AP) — Facebook said Wednesday it has broken up a hacker network used by Palestinian President Mahmoud Abbas’ intelligence service in an attempt to keep tabs on journalists, human rights activists and government critics.The report by the social networking giant threatened to deal another embarrassing blow to Abbas’ Fatah party weeks ahead of parliamentary elections. Fatah, plagued by infighting and public malaise, already appears poised to lose power and influence if the vote takes place next month.In its report, Facebook said that elements linked to the Preventive Security Service “used fake and compromised accounts to create fictitious personas.” Posing as young women, journalists and political activists, they then sought “to build trust with people they targeted and trick them into installing malicious software.”The malware, disguised as chat applications, would give the security agency access to targets’ phones, including contacts, text messages, locations and even keystrokes, Facebook said.It said the ring, based in the West Bank, targeted people in the Palestinian territories and Syria, and to a lesser extent in Turkey,  » Read More

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Apple iOS 14.5 launches next week, takes on Facebook and Google tracking

Patrick Holland/CNET This story is part of Apple Event, our full coverage of the latest news from Apple headquarters. One of Apple's biggest privacy changes in years is coming in a software update you may barely even notice until after you install it on your iPhone. The new software, boringly named iOS 14.5, will be released next week, Apple said Tuesday in a press release for the new AirTags trackers after its April product launch event. It includes the typical fixes you'd expect in a minor software update. Apple will now allow people to unlock their iPhone with their Apple Watch, which is handy when wearing a face mask in public to protect against the coronavirus. People using Apple Maps can also report accidents they see on the road. And of course there's new emoji, like a heart on fire, a dizzy face and an exhaling face.  The most controversial change comes when people open up apps from companies like Facebook.  » Read More

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Chain of small Wisconsin newspapers sues Google, Facebook, alleging antitrust violations

CLOSE The European Union files new anti-trust charges against Google, piling pressure on the US tech giant over the alleged abuse of its market dominance. Video provided by AFP Two dozen small Wisconsin newspapers have sued Google and Facebook, claiming the firms' grip on digital advertising threatens the publications' existence and violates federal antitrust law.Their 40-page federal lawsuit recaps the historical role of a free press in America, the decline of the newspaper industry and technical aspects of how it says Google controls the sales, purchase and placement of digital advertising."Google’s dominance of the digital advertising marketplace threatens the extinction of local news journalism across the country," financial damage to publishers "and a profoundly negative effect on American democracy and civic life," the suit states.It was among about a dozen similar complaints filed by newspaper publishers in other states, said Michael J. Fuller Jr., an attorney with the law firm leading the effort.Fuller said the team of plaintiffs' lawyers hopes to follow a model it established suing pharmaceutical companies on behalf of local governments devastated by the opioid crisis,  » Read More

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Morrissey Takes Offense To 'The Simpsons' Satire, Lashes Out On Facebook

Morrissey performs live on stage at Wembley Arena on March 14, 2020 in London, England. (Photo by ... Jim Dyson/Getty Images) Getty Images ‘The Smiths’ singer Morrissey has lashed out at The Simpsons, seemingly offended at the show’s show’s satirical depiction of him. During Sunday’s “Panic On The Streets Of Springfield,” Lisa makes an imaginary friend named “Quilloughby,” an extremely on-the-nose caricature of Morrissey who sings in a band called “The Snuffs.”  The Simpsons poked fun at Morrissey’s slow, sad descent into irrelevancy, from rebellious sex symbol, to moany, out-of-touch rocker who makes weird comments about immigration (and expresses support for far-right British political parties).  The show depicted Quilloughby (voiced by Benedict Cumberbatch), reacting in horror to the sight of his future self, who has morphed into an overweight, meat-eating hypocrite, tangled up in frivolous lawsuits and having gained a reputation as a racist.  Soon after the episode aired, a statement was posted to Morrissey's Facebook account,  » Read More

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