European Union industry commissioner Thierry Breton rebuked Facebook’s proposed new internet rules Monday (Feb.17), saying it was Facebook‘s responsibility to adapt to the EU and not the other way around, according to Reuters. Breton had a short meeting with Mark Zuckerberg, Facebook chief executive, on...
Facebook is something in between a newspaper and a telecommunications company, said CEO Mark Zuckerberg, and he wants it to be regulated accordingly, The Wall Street Journal reported. Speaking before a conference of government and security officials at an annual security conference in Munich, Zuckerberg...
Many nonprofits are leery of using Facebook’s “donate” button, saying it doesn’t help them in their fundraising efforts, mainly because Facebook keeps a tight lock on the data of people donating, sharing only a name and amount, according to a report by Bloomberg. For example,...
When the independent research commission Social Science One launched in 2018 to study Facebook data, scientists never thought it would take two years to get their hands on information, according to reports on Thursday (Feb. 13). Finally, after numerous privacy delays, the joint commission established...
Facebook Ireland put its planned dating feature on hold following a raid by the Irish Data Protection Commission (DPC) on Wednesday (Feb. 12), according to reports. The DPC — which acts as the regulator for all of Europe — searched the social media giant’s offices in...
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...
