CNN – Social Media/Technology

By Clare Duffy, CNN Business Meta’s first earnings of 2022 may have largely fallen short of expectations, but that hasn’t really dampened the enthusiasm of its investors. Facebook’s parent company on Wednesday missed Wall Street revenue forecasts during the first three months of 2022, and posted its slowest revenue growth in years. It also narrowly

By Brian Fung, CNN Business The Commerce Department backed a key legislative proposal aimed at forcing tech giants such as Facebook and Google to compete against smaller businesses, agency secretary Gina Raimondo said Wednesday, in an announcement that throws the full weight of the Biden administration behind the bill. Testifying before the Senate Commerce Committee,

By Catherine Thorbecke, CNN Business Apple has officially opened its self service repair store, which provides manuals and parts for users seeking do-it-yourself fixes for their iPhones. The online shop offers more than 200 individual parts and tools, such as iPhone screws, cameras, batteries, displays, SIM card trays and more, allowing customers and third-party fixit

By Michelle Toh, CNN Business DJI, the world’s top drone maker, will temporarily stop doing business in Russia and Ukraine. The move marks a rare exit from Russia by a prominent Chinese company since the war started, and comes after Ukrainian authorities claimed that DJI’s drones were being used by the Russian military. In a

By Clare Duffy and Donie O’Sullivan, CNN Business Elon Musk is officially set to buy Twitter, and the company’s employees have questions. At an all-hands meeting Monday afternoon with CEO Parag Agrawal and Board Chair Bret Taylor, Twitter employees raised questions about everything from what the deal would mean for their compensation to whether former

By Rachel Metz, CNN Business The parent company of Facebook and Instagram is taking on a new role as a brick-and-mortar retailer. On Monday, Meta announced the Meta Store, which will be the company’s first attempt at selling its physical products — including the Quest 2 virtual reality headset and Portal video calling device —

By Clare Duffy, CNN Business Twitter said Monday it has agreed to sell itself to Elon Musk in a roughly $44 billion deal that has the potential to expand the billionaire’s business empire and put the world’s richest man in charge of one of the world’s most influential social networks. The deal, which will take

By Ramishah Maruf, CNN Twitter is banning misleading advertisements that go against the scientific consensus of climate change, the company announced on Friday, which was Earth Day. “We believe that climate denialism shouldn’t be monetized on Twitter, and that misrepresentative ads shouldn’t detract from important conversations about the climate crisis,” Twitter said in a blog

By Catherine Thorbecke, CNN Business Amazon announced Thursday that it will let third-party merchants offer Prime membership benefits such as free and fast shipping directly to Prime customers through their own online stores rather than solely through the e-commerce giant’s platform. The option, called Buy with Prime, will initially be available by invitation only for

By Catherine Thorbecke, CNN Business Amazon said it will conduct an audit, led by former Attorney General Loretta Lynch, to “evaluate any disparate racial impacts” of its policies on its US hourly employees. The move, which Amazon disclosed in a filing late last week, followed shareholder pressure to conduct a racial equity audit to address

By Brian Fung, CNN Business Face masks are now optional for Uber and Lyft riders and drivers in the United States, the ride-hailing companies said Tuesday, shortly after several major airlines announced a similar change in policy. “The CDC order requiring masks while using rideshare platforms such as Uber is no longer in effect, and

Story by Samantha Murphy Kelly, CNN Business Video by John General, CNN Business Christopher James Dawley, known as CJ to his friends and family, was 14 years old when he signed up for Facebook, Instagram and Snapchat. Like many teenagers, he documented his life on those platforms. CJ worked as a busboy at Texas Roadhouse

By Clare Duffy, CNN Business Twitter has indicated that it’s not interested in being bought by the world’s richest man without a fight. The social network’s board made a defensive maneuver that could thwart Elon Musk’s takeover bid, but he still has a range of options that suggest this Silicon Valley showdown is likely far

By Rachel Metz, CNN Business Two top House lawmakers on Thursday began probing ID.me, a company that uses facial recognition technology to verify identities for many state and federal agencies, into the “efficacy, privacy and security” of its services and products. The move, which comes months after the IRS halted a plan to require taxpayers