Facebook rescheduled its Q2 earnings release, President Trump considers ban of TikTok
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FACEBOOK RESCHEDULES Q2 EARNINGS RELEASE TO JULY 30: Facebook (FB) announced on July 27 that it has changed the date it will release the company's second quarter 2020 financial results and hold its conference call due to a scheduling conflict. Facebook will release its financial results after market close on Thursday, July 30, and will hold its conference call at 3 p.m. PT/ 6 p.m. ET on that day. Facebook's founder and CEO is scheduled to provide testimony before The House Judiciary Committee on July 29.
TRUMP CONSIDERING TIKTOK BAN: On July 30 the Independent's John Bennett and Griffin Connolly wrote that Donald Trump said his administration will consider shutting down TikTok in the United States. TikTok is owned by ByteDance, a Chinese firm. "US officials have raised concerns about the Chinese government tapping into private and personal data via Americans' cell phones via such smartphone applications," noted the Independent.
TWITTER CONTRACTORS ACCESSED CELEBRITY ACCOUNT DATA: On July 28, Bloomberg's Jordan Robertson, Kartikay Mehrotra, and Kurt Wagner reported Twitter contractors in charge of monitoring account security and fraud improperly accessed data from the accounts of celebrities, including Beyonce. Former employees say Twitter's internal controls were so lax that contractors were able to see users' phone numbers, email addresses, and approximate locations by creating fake help desk requests, according to the report, which adds that CEO Jack Dorsey and the board were warned about the problem multiple times since 2015.
TRUMP THREATENS TO USE EXECUTIVE ORDERS AGAINST “BIG TECH”: On July 29, President Donald Trump tweeted: "If Congress doesn't bring fairness to Big Tech, which they should have done years ago, I will do it myself with Executive Orders. In Washington, it has been ALL TALK and NO ACTION for years, and the people of our Country are sick and tired of it!" The tweet comes ahead of the start of a U.S. House of Representatives hearing that will feature Facebook CEO Mark Zuckerberg, Google's (GOOG) Sundar Pichai, Amazon's (AMZN) Jeff Bezos, and Apple's (AAPL) Tim Cook.
Keywords: TikTok, China, Google, Trump, earnings, congress, Tim Cook, Jeff Bezos, Mark Zuckerberg, Sundar Pichai