GE rises on lifting 2021 earnings forecast; UPS jumps as results beat on e-commerce demand
Social-media giant posts slower sales growth on Apple privacy policy
Facebook needs better moderation
Critics say Facebook was slow to act because it worried it might impact the company's profits.
Currently, when users set up WhatsApp Pay in India, the service only verifies the phone number linked to your bank account to enable UPI-based transactions
David Wehner, Facebook's chief financial officer, said the company expected investment in its hardware division, Facebook Reality Labs, to reduce operating profit in 2021 by approximately $10 billion.
The Dow Jones Industrial Average rose 64.13 points, or 0.18%, to 35,741.15
The company expects fourth-quarter revenue to be in a range of $31.5 billion to $34 billion
Facebook's press office confirmed in an emailed statement to The Associated Press that the content was removed Sunday night because it violated Facebook policy regarding COVID-19 vaccines
An internal memo warned Facebook's "core product mechanics", or its basic workings, had let hate speech and misinformation grow on the platform
The US-based company, which has itself been courting controversy over its handling of hate speech in India, said it will "continue to take action against those that violate its Community Standards"
Ad revenue of Facebook, the second-largest digital ad platform in the world after Alphabet Inc's Google, is most likely to be hit compared with the company's tech peers
Haugen appeared before a parliamentary committee scrutinizing the British govt's draft legislation to crack down on harmful online content, and her comments could help lawmakers beef up the rules
Thousands of pages of internal documents provided to Congress by a former employee depict an internally conflicted company
When asked by analysts about growth prospects, Facebook executives frequently paint a rosier picture than the one depicted by internal research, a whistle-blower alleges
For over a decade, Facebook has pushed to become the world's dominant online platform
"Facebook has reduced itself to a Fakebook," Congress spokesperson Pawan Khera said
Facebook and Google must negotiate with news outlets for content that drives traffic to their websites, Australian regulator's code says.
Under fire for its business practices and handling of hate speech, Facebook is planning to rebrand itself. The question is whether this can salvage its image
Photos of beheadings and jingoistic scenes of violence fill hypothetical account's feed days after it set up in Feb 2019 to see the content Facebook recommends users.