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CEO Mark Zuckerberg says Meta will slow hiring and tighten its budget. Soaring inflation, interest rate hikes and other economic woes have affected the digital advertising the company depends on.
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Twitter's revenue for the quarter fell short of expectations. The social network cited uncertainty about Elon Musk's acquisition and advertisers worried about the economy.
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In a new report, GLAAD found that 84% of LGBTQ adults said not enough protections are on social media to prevent discrimination, harassment or disinformation.
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Musk and Twitter accused each other of breaking the legal agreement in the $44 billion sale of the social network to the billionaire.
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Federal regulators accuse the company of violating a 2011 agreement over the treatment of users' personal data, including phone numbers and email addresses.
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Dealing a major setback to Gov. Ron DeSantis, a three-judge appellate panel on Monday ruled that a 2021 Florida law targeting social-media platforms such as Facebook and Twitter unconstitutionally restricts the companies’ First Amendment rights.
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Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social media platform are fake or spam.
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As a battle continues about the constitutionality of a Florida law that seeks to crack down on social-media giants such as Facebook and Twitter, a federal appeals court has allowed a similar Texas law to take effect.
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The billionaire said it was a "mistake" for the social network to ban the former president after the Jan. 6th Capitol insurrection.
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Lawyers for Gov. Ron DeSantis’ administration tried to persuade a federal appeals court to undo a preliminary injunction that blocked a controversial law seeking to prevent social media behemoths from stripping politicians and other users from online platforms.
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It will address a law that prohibits social media companies from banning political candidates’ accounts.
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The Tesla CEO says that the money to buy Twitter would come from Morgan Stanley and other banks, some of it secured by his huge stake in the electric car maker.