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WSJ News Exclusive | Lawmakers Want FTC to Investigate Apple, Google Over Mobile Tracking

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Chinese Internet Giants’ Ad Revenue Suffers as Business Confidence Wanes

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Companies in China are cutting back on digital-ad spending as the economy slows and recurring Covid-19 outbreaks weigh on consumption, another sign of waning business confidence in the world’s most populous nation. Chinese internet giants that operate several of the country’s biggest online-advertising platforms recently warned of weak ad spending by their customers in the … Read more

WSJ News Exclusive | Facebook Parent Meta Pulls Out of Sponsorship Deal for U.S. 250th Anniversary Project

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WASHINGTON— Facebook parent Meta Platforms Inc. said Wednesday it has canceled its sponsorship agreement with the organization planning the federal government’s commemoration of the 250th anniversary of the U.S., a project beset by internal strife and facing a discrimination lawsuit filed by female former executives. Meta said in March it would review its ties to … Read more

Facebook Parent Meta Agrees to End Alleged Discriminatory Practices in Housing Ads

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WASHINGTON—Facebook parent Meta Platforms agreed Tuesday to adopt new online advertising practices to settle an investigation by federal officials, who said its ads discriminated against users by race, gender and other factors. In a filing in federal district court in New York, the Justice Department and federal housing officials said they would settle housing discrimination … Read more

China’s Covid Fallout Flattens JD.com’s Online Birthday Bash

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SINGAPORE—Chinese online shopping giant JD.com Inc.’s JD 5.19% midyear e-commerce extravaganza recorded the slowest sales growth in at least five years, in the latest gauge of the hit to consumer appetite from stringent restrictions under the country’s zero-Covid policy. JD.com said Monday that turnover on its platforms during this year’s June 18 shopping festival, known … Read more

YouTube Shorts Is Huge In India, Now It’s Going After TikTok in the U.S.

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When Jonothon Lyons began dressing up as “Buddy the Rat” and filming his antics around New York, he had no idea he was laying the foundation for a massive social-media following. Especially one with viewers primarily in India. Mr. Lyons posts his videos on YouTube Shorts, joining the creators who have helped the two-year-old short-form … Read more

WSJ News Exclusive | Recession Fears Surge Among CEOs, Survey Suggests

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Most top executives say they think a recession is looming or already here, according to a new survey, reflecting a rapid deterioration of the economic outlook among business leaders. More than 60% of CEOs expect a recession in their geographic region in the next 12 to 18 months, according to a survey of 750 CEOs … Read more

Facebook, Twitter Agree to New European Rules on Online Posts

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Facebook META -5.01% owner Meta Platforms Inc., Twitter Inc. TWTR -1.66% and other social-media platforms have agreed to abide by tougher European Union standards for policing online postings, offering a preview of the type of rules big tech companies will face under a coming digital-content law. The EU’s code of practice on disinformation, unveiled Thursday, … Read more

WSJ News Exclusive | Elon Musk Expected to Reiterate Desire to Own Twitter in Meeting Thursday

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Elon Musk is expected to confirm his desire to own Twitter Inc. TWTR 2.07% when he speaks to the social-media company’s employees on Thursday, according to a person familiar with the matter. The billionaire Tesla Inc. chief executive is slated to answer pre-submitted employee questions for roughly an hour at a virtual Twitter all-hands meeting … Read more

WSJ News Exclusive | Mental-Health Startup Cerebral Investigated by FTC

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The Federal Trade Commission has begun an investigation into mental-health startup Cerebral Inc., according to a letter the FTC sent the company that was reviewed by The Wall Street Journal. In the letter dated June 1, the FTC said it was investigating whether Cerebral engaged in deceptive or unfair practices related to advertising or marketing … Read more