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(Reuters) - Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move that its founder on Thursday described as backlash for conversations buoying shares of GameStop Corp and other companies this week.

Apple CEO Tim Cook on Thursday took social media companies to tasks for neglecting the social costs of collecting data on its users while ignoring the consequences of extremism and polarization.

Facebook Inc. posted record revenue and profit in the fourth quarter as online holiday shopping and increased use of the company’s platforms during the pandemic drove a surge in its ad business.

European Commission President Ursula von der Leyen urged President Joe Biden to join Europe in their clampdown on big tech, telling the Davos World Economic Forum Tuesday that the world must "address the darker sides of the digital world," which she partly blamed for the U.S. Capitol riot Jan. 6. 

Facebook has removed more than 78,000 profiles on both Facebook and Instagram since August 2020

Facebook's oversight board, which reviews account removals, plans to review the company's decision to indefinitely suspend former President Donald Trump's account and determine whether or not to uphold the ban.

The search giant had warned that its 19 million Australian users would face degraded search and YouTube experiences if the new code were enforced

MeWe, a social media app centered around data privacy, has seen a surge in downloads in recent weeks as Big Tech companies crack down on user content.

"The President’s statements continue to be interpreted as calls to action, and we are taking this action to remove the potential for harm to our community and the general public," a Twitch spokesperson told FOX Business in a statement Wednesday.

A group of conservatives and Trump administration officials quietly met in Las Vegas over the weekend to discuss issues including 'woke tech', 'restoring law', and the 'new slave power,' according to a report by Protocol. 

Facebook said that it will ban ads for weapons accessories, including gun safes and holsters in the U.S. 

After a year of startling growth, the tech industry faces a more vexing 2021.

FOX Business’ Stuart Varney argues during his latest "My Take" that Twitter’s ban of President Trump is a “danger to an open democracy.”

Facebook, Lyft and DoorDash announced Wednesday that they will no longer be donating to the Republican Attorneys General Association after reports that the group helped organize robocalls urging protesters to descend on the Capitol on Jan. 6, when a violent mob attacked the building.

The Federalist co-founder and publisher Ben Domenech says Big Tech is now more worried about being ‘woke’ than making a profit.

Facebook is urging employees to avoid wearing or carrying company-branded clothing and other items in public after the social media platform suspended President Trump's account, according to an internal memo.

Former Twitter Vice President Bruce Daisley told "Varney & Co." companies would "love to” avoid political drama.