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...
As Facebook continues its forays into commerce, the company has filed a patent for a messaging bot that enables users to pay for items. The patent, which is called “Processing Payment Transactions Using Artificial Intelligence Messaging Services,” details a bot that can understand and reply...
The Securities and Exchange Commission is once again investigating Facebook, this time looking into whether the social media giant adequately warned investors that user data might have been illegally obtained. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A new data analytics firm has emerged from the ashes of the former Cambridge Analytica (CA) consulting business, which filed for insolvency after the massive data scandal in which it gained unauthorized access of more than 87 million Facebook members. Get the Full Story Complete the...
Facebook was hit with a $660,000 fine, the maximum allowed, by the British Information Commissioner’s Office over its data scandal with now-defunct political consulting firm Cambridge Analytica. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Following news that the U.S. government probe into the Facebook data breach connected with Cambridge Analytica has widened, shares of the company dropped 2 percent in early trading on Tuesday (July 3). The fall took approximately $12 billion off Facebook’s market valuation, Reuters reported. Get...
Facebook’s data scandal, in which the now defunct political consulting firm Cambridge Analytica accessed the data on 87 million users without their consent, is getting further scrutiny by the Securities and Exchange Commission (SEC) and Federal Bureau of Investigation (FBI). Get the Full Story Complete the...
Direct-to-consumer advertising on Facebook has reportedly hit a rough patch, with spending by brands decreasing there. The trend comes at a time when brands are facing other changes on the social media site. Get the Full Story Complete the form to unlock this article and...
