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

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

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

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

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

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

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

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

Meta-morphosis or More Pain? Possible Futures for Facebook’s Parent Company

It wasn’t that long ago that Facebook META -4.58% seemed to be riding high—with its ad-driven money machine still humming and a valuation that, as recently as September, topped $1 trillion. Facebook’s parent company, Meta Platforms, is today the poster child of the tech reckoning. And, more so than its fellow tech giants, Meta’s fate … Read more

Nielsen Rejects Roughly $9 Billion Takeover Offer From Private-Equity Consortium

David Kenny, chief executive of Nielsen in 2019 Photo: Paul Miller/Bloomberg News March 20, 2022 9:33 pm ET Nielsen Holdings NLSN 2.17% PLC rejected a roughly $9 billion takeover offer from a private-equity consortium, saying that it undervalues the TV-ratings company. The Wall Street Journal reported last week that Elliott Management Corp. was part of … Read more