Tag: Facebook

BUSINESS

Facebook Gets Beat Down In Trading

Facebook’s stock was up against the wall in trading as shares of the company recently dropped by over 24%. Over $29 billion was reportedly peeled off Mark Zuckerberg’s personal net worth given this fall. According to Dow Jones Market Data Group, over $219 billion in market value has been erased, the most for any U.S. company in a single day. […]

POLITICS

Facebook Gives Congresswoman Marjorie Taylor Greene Red Light

According to press reports, Facebook suspended for 24 hours the account of Representative Marjorie Taylor Greene for spreading misinformation about the coronavirus, a day after Twitter permanently banned one of her accounts for posting a similar message. Ms. Greene, a Georgia Republican, had posted falsely about “extremely high amounts of Covid vaccine deaths.” She published the message on Saturday as […]

BUSINESS

Whistleblower Puts Facebook In A Spot Of Bother

In a 60 Minutes report, Frances Haugen says in her time with Facebook she saw, “conflicts of interest between what was good for the public and what was good for Facebook.” Five take away quotes from the report includes: “The version of Facebook that exists today is tearing our societies apart and causing ethnic violence around the world.” “There were […]

NEWS

Facebook CEO Mark Zuckerberg Backs Employees Working From Home

Facebook CEO Mark Zuckerberg is lending support to the new workplace dynamics by allowing his employees the option of working from home, according to press reports.    Facebook said in a memo to employees obtained by the Chronicle that “anyone whose role can be done remotely can request remote work.” “It’s clear that COVID has changed a lot about our […]

BUSINESS

Facebook Pledges Billion Dollar Investment In The News Industry

In a report recently, Facebook has pledged to invest at least $1 billion in the news industry over the next three years. The announcement came on the back of Australia’s government move to force tech platforms to pay for third party news content. Media companies have complained for years that they are not fairly compensated for articles and other content […]

BUSINESS

Verizon Boycotts Advertising On Facebook

U.S. telecommunications giant Verizon Wireless has become the latest major company to pull advertising from Facebook platforms. The company joins Ben and Jerry’s and a growing list of firms boycotting the social media giant over its handling of controversial posts. Verizon is believed to be the biggest advertiser so far to back the “Stop Hate for Profit” campaign. Unilever, Coca-Cola, […]

BUSINESS

WhatsApp — A Traffic Powerhouse

More than 100 billion messages hit the social media platform WhatsApp on New Year’s Eve, thus setting a record for the social media outlet. These numbers were the first the Facebook-owned service was witnessing in a single day in its 10-year history. The company said more than 12 billion of the messages sent globally were picture messages. In the United […]

BUSINESS

Facebook Introduces News Section On Its Platform

In a new move that is set to help bring news content to people, Facebook is partnering with several news media outlets to launch a news section in its flagship apps. Facebook’s Campbell Brown, VP, Global News Partnerships and Mona Sarantakos, Product Manager, News, noted that “journalism plays a critical role in our democracy,” and moreover, serves as a useful […]

SPORTS

ICC Hits It Big With Facebook

The International Cricket Council (ICC) has struck a groundbreaking four-year partnership deal with Facebook, which will see the social media platform carrying match recaps, in-play key moments, and other match and feature content. The partnership will grant Facebook exclusive digital content rights for ICC global events in the Indian sub-continent and will also carry post-match recaps throughout the rest of […]

BUSINESS

Facebook Seeks To Make Dating Much Easier

Looking for a date? Well, it has just gotten easier with the use of Facebook Dating platform. According to the company, it is providing a platform that will make it easier for people to find love and meaningful relationships through things they have in common. The company also said it will be making it possible for people “to integrate their […]