Former Goldman Sachs President Gary Cohn doesn’t trust social media companies. According to Bloomberg, Cohn believes that banks were more trustworthy in 2008 than social media companies are today. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In an effort to provide more services to its users, Facebook has reportedly asked banks to share customer information, such as checking account balances and card transactions, the Wall Street Journal reported. The effort comes as Facebook seeks to become a place for commerce — not just a...
Two months after announcing its dating service, Facebook is testing it out internally with employees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Facebook’s chief security officer, Alex Stamos, is leaving the company this month to join Stanford University as an adjunct professor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
WhatsApp has announced the launch of its first revenue-generating enterprise product, and the only way it currently makes money is directly from its app. The WhatsApp Business API will allow businesses to respond to messages from users for free for up to 24 hours, then...
Facebook and several key executives, including CEO Mark Zuckerberg, are facing federal class action lawsuits alleging the social network made false and misleading statements related to the decline of monthly active users prior to the second quarter earnings report. Get the Full Story Complete the...
Facebook‘s stock price plunged Wednesday (July 25) after the social media operator’s Q2 financial report showed missed targets on revenue and users, and the ongoing costs of the privacy and data scandals to hit the company gained clarity. Facebook’s stock price declined by as much...
Facebook’s plan to open a subsidiary in China has fallen apart, with the country withdrawing its approval for the project. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Facebook has hired Shahriar Rabii to be a vice president and its head of silicon, sending a message that it plans to build its own semiconductors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
