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The COVID-19 pandemic triggered the deepest global recession since the Great Depression, and pushed millions of households and businesses into economic hardship. But not all parts of the global economy have been suffering. Throughout the pandemic the ‘Big 5’ tech companies — Amazon, Apple, Alphabet, Facebook, and Microsoft — have seen their revenues and stock prices soar.…
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The term designates a cyberspace parallel to physical reality where a community of people can interact in the form of avatars. The concept was coined by author Neal Stephenson in the 1992 science fiction novel “Snow Crash”. It refers to the merging of physical, augmented, and virtual reality in a shared online space. Some video…
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Facebook Inc. won the dismissal of two antitrust cases filed by the federal government and a coalition of states when a judge threw out the lawsuits. The social media platform shares rose. U.S. District Judge James Boasberg in Washington on Monday granted Facebook’s request to dismiss the complaints, filed last year by the U.S. Federal…
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For the second time a Russian court has fined Facebook and Telegram for not taking down content banned by Russia. Facebook will be forced to pay $235,000 while Telegram must pay $138,000, the Moscow court ruled. At the sentencing, it was not revealed what type of content had remained posted. Observers note that the crackdown…
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Mark Zuckerberg, Founder and CEO of Facebook, Inc. is under heavy fire from former President Donald Trump, regarding most notably, $350 million donated by Zuckerberg and his wife, Priscilla Chan to help local election offices in various jurisdictions. “Zuckerberg broke the law, spending millions of dollars — don’t you think he broke the law? — millions…
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Facebook’s Oversight Board investigating former President Donald Trump’s banishment from the social platform will need to determine if a person’s public profile should be considered in the ability to comment, according to a board member. The Oversight Board was looking into an appeal concerning Trump’s Facebook and Instagram accounts. Helle Thorning-Schmidt, a former Danish prime minister, told The…
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If you start receiving more telemarketing calls, you can blame Facebook. Recently, a security researcher named Bob Diachenko found a database of user account info including their name and phone numbers for 267 million Facebook users. It was available in an unprotected format and copied to other hacker forums, Forbes reports. Reports indicate that this presents a treasure…
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Former Facebook employees are building a new type of social networking platform that will not be meant for the world but your own private world of your family. Called Cocoon, the new social network had been under development with select families and is now open to everyone on Apple iOS, Quartz reports. Users can post…
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Facebook is making a foray into online payments with its new Facebook Pay service, the company announced Tuesday — and could be poised to take a big bite out of PayPal’s and Apple Pay’s business. The new service rolls out in the U.S. starting this week on the flagship Facebook app and Messenger, and will become available on Instagram…
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Facebook apologised on Friday after black employees anonymously shared feelings of workplace bias in an online post. The post shared at Medium by a “FB Blind” profile laid out perceived slights by managers, white colleagues, and the human resources department. “No one at Facebook, or anywhere, should have to put up with this behaviour,” corporate…
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Facebook founder and CEO Mark Zuckerberg was grilled by lawmakers during a congressional hearing on Wednesday, which was largely addressing the social media company’s plans to launch its own cryptocurrency, Libra. Zuckerberg conceded there were concerns about the project, but insisted they were being looked at and vowed the project would not proceed without the…
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Facebook has removed hundreds of accounts, pages, and groups from its social network platforms that the company says were involved in coordinated inauthentic behavior. The tech giant said it removed a total of 443 Facebook and 125 Instagram accounts, as well as 200 pages and 76 groups originating in the United Arab Emirates, Egypt, Nigeria, and Indonesia. In…
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After a year of scandals and controversy, Facebook spends $22.6 million to keep Mark Zuckerberg safe Facebook has in the past year doubled the amount of money it is spending on the personal security of founder and CEO Mark Zuckerberg. Regulatory filings have revealed that Facebook now spends $22.6 million on bodyguards and other security for…
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