Facebook-owned WhatsApp hit a major milestone, surpassing the 2 billion user mark, the company announced in a Wednesday (Feb. 12) blog post, in which it also defended its privacy policy and use of encryption. “We know that the more we connect, the more we have to...
Early Facebook investor Peter Thiel once had 45 million shares in social media company Facebook, but he recently let go of most of them, and now he’s left with a comparatively paltry $2 million, according to a report by Bloomberg. Thiel is a part of...
Facebook has acquired London-based startup Scape Technologies, which is working on location-based technology that will expand GPS abilities, according to reports. Regulatory filings show that Facebook now has control over more than three-quarters of the company. Though details on the specifics of the deal were...
It appears that Instagram generated more than a quarter of Facebook’s total revenue last year, according to sources. The photo-sharing social media giant was acquired by Facebook in 2012 for $715 million. Last year, Instagram generated around $20 billion, though the sources for that information...
Another company has left the Libra Association, a conglomerate of companies meant to help get Facebook’s cryptocurrency off the ground and handle regulatory initiatives and acceptance measures, according to reports Tuesday (Jan. 21). The company, Vodafone, is the eighth to leave the association. Previous companies...
After lackluster returns on downloads, Instagram is removing the button that let users access its standalone IGTV app, according to spokespeople. The app only got about 7 million downloads from users since it launched in June of 2018, which is paltry compared to TikTok’s 1.15...
In a New York Times interview with the paper’s editorial board, Presidential candidate Joe Biden said that he wasn’t a fan of Facebook or its CEO Mark Zuckerberg, according to a report by Cnet. The paper asked Biden about a recent false ad that ran...
Social media giant Facebook was awarded 989 patents in 2019, putting it higher on the Intellectual Property Owners Association’s list of the Top 300 organizations granted U.S. patents, according to a Tuesday (Jan. 14) report by Bloomberg. That’s 64 percent more patents than in 2018,...
Facebook founder Mark Zuckerberg is excited about augmented reality tech, which he thinks can address a number of social problems. Zuckerberg, in a Facebook post on Thursday (Jan. 9), predicted there would be a breakthrough in the technology, and massive progress, over the next decade....