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HSBC To Staff: Stay Off Bank’s Social Media Accounts

PYMNTS

21) to stay off the bank’s social media sites after a report was leaked to BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ). . HSBC is a much safer institution than it was in 2012.”. The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept.

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40+ States Could Join Antitrust Lawsuit Against Facebook

PYMNTS

Facebook could soon be staring down a lawsuit as the Federal Trade Commission and numerous states attorneys general finish up one or more antitrust cases against the social media giant, Reuters reports. Also, the lawsuits are likely to allege that Facebook withheld data from rival companies as a method to crush competition.

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DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. He said it was a natural extension of its global social media business and not an attempt to remove a potential competitor from the marketplace. “It

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FTC: Facebook Harder To Break Up Now

PYMNTS

The FTC has been investigating the social media company for possible antitrust transgressions, and Simons said that every potential option was out in the open, even while admitting that if CEO Mark Zuckerberg combined the three properties it would make the case harder to deal with.

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Direct Sales Co Younique Launches Virtual Makeup App

PYMNTS

Direct sales company Younique, which has been pivotal in its approach to social media marketing, has launched an augmented reality (AR) makeup trying-on tool, according to a release. . Younique was launched in 2012, and it gained traction using a social media-based model.

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New Cambridge Analytica Leaks Uncover Election Influence In 68 Countries

PYMNTS

However, there was not an official investigation, nor were specific privacy rules handed down to the social media giant. Top executives even received blanket immunity for any known or unknown data violations from 2012 to 2018. . The data scandal has, so far, cost Facebook $5 billion in a Federal Trade Commission (FTC) fine.

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Bank Marketers: Will New Gallup Poll on Social Media Change Your Strategy?

Long Lasting Ideas

A recent Wall Street Journal article states social media fail to live up to early marketing hype based on a newly released Gallup report. Bank marketers may want to look at this data to see if they need to update their social media strategy. adults and was conducted between December 12, 2012 and January 22, 2013.