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Watch Facebook, Google, and Twitter’s CEOs defend the law that created social media to Congress
The CEOs of Twitter, Facebook and Google will appear before the Senate Commerce Committee on Wednesday in big tech's latest showdown with Congress. The Senate hearing will have a narrower, more policy-centric scope than other recent high profile tech hearings, focusing specifically on Section 230 of the Communications Decency Act.
Wed, 28 Oct 2020 04:00:22 +0000Read moreBlackrock, Bezos And Musk Charging Ahead in this $30 Trillion Mega-Trend
In the last two years there has been a 733% increase in ESG investments while tech companies have soared, now there is one new industry player bringing these two key sectors together
Wed, 28 Oct 2020 00:01:00 +0000Read moreGoogle Runs Ads on Election Conspiracy Theory Sites, Study Finds
(Bloomberg) -- Google has placed advertisements on six websites that violate the company’s own rules by publishing “misinformation and potentially dangerous claims about the electoral process,” according to a new report from a digital watchdog.Center for Countering Digital Hate, CCDH, a British non-profit, analyzed articles from right-leaning websites that questioned the legitimacy of mail-in voting and suggested Democrats and the “Deep State” were rigging the election. Experts have repeatedly debunked theories about voter fraud, and U.S. national intelligence officials have reassured voters about the integrity of the election. Above and next to the articles were several ads placed through an automated ad platform run by Alphabet Inc.’s Google. The company’s self-service software matches marketing messages with millions of websites, and takes some of the revenue from the sales. CCDH estimates that these particular sites received roughly $3.4 million in annual revenue from Google ads.In March 2020, Google added a new policy that prohibits “content that makes claims that are demonstrably false and could significantly undermine participation or trust in an electoral or democratic process.” Some of the articles CCDH found were framed as opinion or news analysis, types of articles that Google has previously said does not violate its policies. Several of the publications also blame Silicon Valley for election manipulation. A headline in the Gateway Pundit, a popular conservative blog, asked if Facebook Inc. was “plotting with the far left against voters.” Another, from a website called American Greatness, reads: “Silicon Valley and Team Biden Collude to Rig 2020 Election.” Both articles were sponsored by ads Google had run, according to the CCDH report.“Our policy is to remove ads from articles promoting demonstrably false claims that could significantly undermine participation or trust in the electoral process. When content violates our policies, we take the appropriate action,” said a Google spokesperson in a statement.The company reviewed the pages in the CCDH report and removed ads from those that violated its policies. It said it couldn’t replicate the CCDH’s analysis of the site’s revenue, but found the six articles the study cited made less than $200 in the last 90 days. Earlier this year, a research group named the Global Disinformation Index found that Google also placed ads on websites promoting conspiracy theories related to Covid-19. Shortly afterwards the company said it would put “additional safeguards” in place to tamp down on such behavior. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Tue, 27 Oct 2020 23:55:47 +0000Read moreS&P 500 Tumbles: Tech Stocks Gain but Everything Else Falls
Today's biggest gainers -- no surprise -- were tech stocks. Xilinx (NASDAQ: XLNX) shares picked up 8.6% following the official announcement that Advanced Micro Devices (NASDAQ: AMD) was paying $35 billion to acquire its smaller rival. Shares of F5 Networks (NASDAQ: FFIV) gained 8.5% on earnings.
Tue, 27 Oct 2020 22:18:23 +0000Read moreZuckerberg, Dorsey, Pichai to Defend Key Law at Senate Hearing Wednesday
This article originally appeared on MarketWatch. (FB) Chief Executive Mark Zuckerberg, (TWTR) CEO Jack Dorsey, and (GOOGL)CEO Sundar Pichai will make their cases Wednesday to protect a crucial internet law that protects their social-media sites from being held liable for the content posted by their users. Zuckerberg, however, is open to change.
Tue, 27 Oct 2020 21:20:00 +0000Read more