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UniCredit Pulls Ads From Facebook
August 08, 2018

UniCredit’s CEO announced that the Italian company has stopped using Facebook for advertising and marketing campaigns. 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...

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India Wants Telecom Operators To Be Able To Block Facebook, WhatsApp In Emergencies
August 07, 2018

The Indian government wants telecom operators to devise plans to block Facebook and WhatsApp, its messaging app, in the case there are misuses of these platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Gary Cohn: Social Media Cos Aren’t Trustworthy
August 07, 2018

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...

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Facebook Reportedly Asks Banks To Share Customer Data
August 06, 2018

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...

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Facebook Employees Testing Out Dating Product
August 06, 2018

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,...

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Facebook’s Chief Security Officer Steps Down
August 02, 2018

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....

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WhatsApp’s Business API Is Its First Revenue-Generating Product
August 02, 2018

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...

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Facebook, Zuckerberg Face Class Action Suits Alleging Misleading Statements
July 27, 2018

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...

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Facebook Q2 Earnings: Users And Advertisers Lean Out
July 26, 2018

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...