YouTube will begin removing misleading videos about abortion in response to falsehoods being spread about the procedure that is being banned or restricted across a broad swath of the U.S. Read More...
Reuters
Snap’s report incinerates $80 billion in ad industry market cap
Facebook-owner Meta Platforms, Google-owner Alphabet and other companies that sell online ads lost about $80 billion in combined stock market value on Thursday after Snap posted poor quarterly results and warned of an uncertain outlook. Slammed by a weakening economy, increased competition from TikTok and recent privacy changes on iPhones, the Snapchat owner missed second-quarter revenue targets and warned that “forward-looking visibility remains incredibly challenging.” Its shares collapsed 26%, bringing Snap’s loss in 2022 to over 70%.
