Due to the issues caused by Facebook SDK, a number of popular iOS apps like TikTok became unavailable for users.
With the official launch, the Voice platform is currently allowing early-access users to get post their content. After August 15, these users can send an invite to their friends and family to join the blockchain-based social media platform.
Facebook (FB) stock has managed to hit a new ATH despite the challenges related to the ad boycott from major advertisers in the framework of the “Stop Hate for Profit” campaign.
Voice, an EOS-backed social media platform, has been launched. The site will be decentralized and will incentive contributors to the platform. Beta tests are said to be completed by 15 August 2020.
Pinterest (PINS) stock closed yesterday at $23.28 after adding 5.05% and in the pre-market is 2.71% up. The spike was attributed to the news that Facebook wants to shut down its Hobbi app.
Companies are continuing to sign onto a Facebook advertising boycott. Ford and Adidas are among the latest. So far, none of the advertisers are in the top spenders on Facebook this year. FB stock is in the green.
The campaign is affecting Facebook stock. On Friday, it plunged by 8.32% and closed at $216.08. In early trading today, FB shares are further down. At the moment of writing, Facebook stock makes up $210.10 per share or 2.77% down.
Coffee retail giant Starbucks said that it will work with its media partners and civil rights organizations to stop the spread of hate speech.
Big brands from different sectors have asked Facebook to amp up its actions to fight against the rising misinformation and hate speech on its platform. The companies have blamed Facebook for failing to act in this direction.
The new Facebook’s initiative is a part of a $1.1 billion investment to support diverse suppliers and communities in the U.S. Following the announcement, FB stock is up.
For months, Facebook has endured criticism for its policy that allows politicians to run political ads containing false information. Now the company will introduce a new option for users.
Block.one is all set to launch its own blockchain-based social media platform Voice on the U.S. Independence Day July 4. Initially upon launch, only registered users can publish their content and engage online.
Facebook announced that it will not support all state-controlled media outlets in promoting their ads effective this summer ahead of the 2020 U.S. elections. FB shares are up 0.45% to trade around $227.30 in the pre-market.
Social media giant Facebook is launching a new app dubbed Venue to serve as a second screen companion for live event commentary. The app will be tested with NASCAR’S Annual Food City Race on Sunday.
Zuckerberg explained that with Libra it could be easier for individuals to transfer money or pay for goods across national borders, which would be an advantage for both businesses and Facebook.