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...months to show that they are compliant with the rest of the rules, including a legal requirement to ask users for consent if companies want to merge data from different services, such as Instagram and Facebook...
...On Wednesday, the Facebook parent detailed charges of $4.6bn related to restructuring....
...The European Commission, the bloc’s executive arm, announced official probes on Monday into whether Apple and Google owner Alphabet were unduly favouring their own app stores, as well as Facebook owner Meta...
...and Meta’s Facebook and Instagram services....
...The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...These payment methods levy a 15-30 per cent fee on digital purchases, which Epic says are excessive....
...At one point he summoned Google’s chief legal officer Kent Walker to be questioned about its internal policies for email communications and deleting chats....
...According to a report on the digital news industry by the Reuters Institute and the University of Oxford, Google and Facebook at their peak accounted for nearly half of the traffic to publishers in many...
...But do you think there’s going to be a real-world impact in terms of how the digital ad space operates?...
...“I’m not saying that social media is not part of this [crisis], but we don’t have the evidence yet,” says Dr Amy Orben, leader of the digital mental health group at the University of Cambridge....
...In December, Facebook owner Meta was served with a complaint from the EU’s watchdogs over concerns that the social network’s classified advert service is unfair to rivals....
...A DSP is a digital media-buying tool that lets advertisers purchase ad inventory on multiple exchanges....
...Meta, formerly known as Facebook, could add to the concerns if, as expected, it reports that its revenue slipped 5 per cent in the third quarter....
...Alphabet’s earnings set the stage for Facebook parent Meta, which reports results on Wednesday. Analysts expect its revenues slipped by 5 per cent in the third quarter....
...Facebook’s operating margin collapsed, falling from 36 per cent to 20 per cent, while Alphabet’s margin dropped 7 percentage points, to 25 per cent....
...Meta (née Facebook) and Alphabet (née Google) have now suffered quarterly slumps in digital ad sales precipitated by a global economic slowdown....
...Marketers are increasingly “asking retailers to prove” how much value is added by such advertising, says Paul Frampton, global president of digital marketing consultancy Control v Exposed....
...The effects of the digital world are invisible.”...
...Investors had previously been enthusiastic about Netflix’s growth, making the company one of the most successful stocks of the decade, alongside Facebook, Amazon and Google....
...Kent Walker, Google’s chief legal officer, has led his company’s push, according to several people working in the industry....
...Only Meta, which is hunting for a new future beyond its Facebook social network, has been pushing hard on the idea....
...Facebook, Instagram and Snap have also stumbled in staking claims to the digital territory that TikTok has now taken....
...Similar moves across the Atlantic would address accusations that Amazon, Apple, Facebook and Google abuse their monopoly position to pump their own products ahead of rivals’ offerings....
...advertisements to reach the customers that they’d helped Facebook to onboard....
...Shares in the social media platform plunged 23 per cent on Thursday as investors fretted that a weak revenue forecast from Meta, parent of Facebook, would spill over into the wider digital advertising sector...
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