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Last week in media: Vivendi escalating war with Mediaset, Facebook and Google set sights on rivals

2019-10-07 07:00:00| Telecompaper Headlines

(Telecompaper) The global mediasector overall didn't move very much over the course of week 40. Our Global Media index ended the week off just 0.1 percent, against a loss of 0.3 percent for the S&P 500 index. ComScore came off from its low with a 10 percent gain. Activision Blizzard also did well, ending the week up 5.9 percent. Zee Entertainment, following an analyst downgrade and worries over its balance sheet, was the worst performer, down 13 percent.

Tags: on set media week

PayPal absent from Facebook Libra cryptocurrency meeting - report

2019-10-06 20:11:00| Telecompaper Headlines

(Telecompaper) The founding members of the Libra Association, partners that support Facebook's own currency plans based on blockchain, all met on 3 October in Washington, with the exception of PayPal, the Financial Times reported. The members met to discuss how to handle regulator opposition to the currency and wallet project. Sources said PayPal gave a no show because it did not think Facebook had done enough to address the backlash against the project, and especially the money-laundering concerns.

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Libra: PayPal first to drop out of Facebook cryptocurrency

2019-10-05 11:18:40| BBC News | Business | UK Edition

Libra has been strongly opposed by regulators around the world over privacy and financial concerns.

Tags: drop paypal facebook libra

Facebook required to take down illegal content worldwide - ECJ

2019-10-03 15:44:00| Telecompaper Headlines

(Telecompaper) Facebook can be ordered to take down content deemed illegal by an individual EU country on a global basis following a landmark ruling handed down by the European Court of Justice. The continent's top court ruled that "EU law does not preclude a host provider like Facebook from being ordered to remove identical and, in certain circumstances, equivalent comments previously declared to be illegal," before finding that "EU law does not preclude such an injunction from producing effects worldwide, within the framework of the relevant international law."

Tags: content required worldwide illegal