Page 16 - Facebook

Facebook invests billions in metaverse efforts as ad business slows

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.

S&P 500, Dow close at new highs as Facebook starts heavy earnings week

The Dow Jones Industrial Average rose 64.13 points, or 0.18%, to 35,741.15

Facebook forecasts Q4 revenue below estimates as Apple's privacy rules bite

The company expects fourth-quarter revenue to be in a range of $31.5 billion to $34 billion

Facebook yanks Bolsonaro video claiming vaccines cause AIDS

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

Facebook admits site hardwired for misinformation, show documents

An internal memo warned Facebook's "core product mechanics", or its basic workings, had let hate speech and misinformation grow on the platform

Quickly introduced steps to remove abusive comments against Shami: Facebook

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"

Facebook ad revenue seen feeling brunt of Apple privacy changes

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

Whistleblower Frances Haugen says Facebook making online hate worse

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

People or profit? Facebook papers show deep conflict within

Thousands of pages of internal documents provided to Congress by a former employee depict an internally conflicted company

The Facebook Papers: Social network shaken by content, user woes

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

Facebook knew about, failed to police, abusive content globally: Report

For over a decade, Facebook has pushed to become the world's dominant online platform

Congress seeks JPC probe into Facebook's alleged role in influencing polls

"Facebook has reduced itself to a Fakebook," Congress spokesperson Pawan Khera said

Australian regulator 'concerned' about Facebook's approach to media law

Facebook and Google must negotiate with news outlets for content that drives traffic to their websites, Australian regulator's code says.

Alternate reality? Facebook plans to launch massive rebranding exercise

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

How Facebook's algorithm led a test user in India to fake news, gore

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.

Tech giants' earnings may be another test for markets at new highs

Investors are homing in on a flood of earnings reports from Wall Street's tech and Internet giants

Google, Facebook team up to beat Apple's consumer privacy agenda

Google has teamed up with Facebook to work around Apple's privacy tools in Safari to continue tracking end-users

Instagram testing tools to make it easier for creators to find sponsors

Facebook-owned Instagram is testing new tools to make it easier for creators to earn money through its service.

Facebook's independent oversight board seeks more transparency

The comments follow a report last month that said millions of Facebook accounts belonging to celebrities, politicians and other high-profile users were exempted from some internal checks

Donald Trump announces launch of his very own social media site

Nine months after being expelled from social media for his role in inciting the Jan. 6 Capitol insurrection, former President Donald Trump said Wednesday he's launching a new media company with its own social media platform. Trump says his goal in launching the Trump Media & Technology Group and its Truth Social" app is to create a rival to the Big Tech companies that have shut him out and denied him the megaphone that was paramount to his national rise. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced," he said in a statement. This is unacceptable. Conservative voices actually do well on traditional social media. On Wednesday, half of Facebook's 10 top performing link posts were from conservative media, commentators or politicians, according to a daily list compiled by a New York Times technology columnist and an internet studies professor using Facebook's own data. Trump has spoken about launching his own